South Africa - Compensation of employees (% of expense)

Compensation of employees (% of expense) in South Africa was 13.85 as of 2019. Its highest value over the past 47 years was 45.26 in 1992, while its lowest value was 13.38 in 2008.

Definition: Compensation of employees consists of all payments in cash, as well as in kind (such as food and housing), to employees in return for services rendered, and government contributions to social insurance schemes such as social security and pensions that provide benefits to employees.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 24.85
1973 24.18
1974 24.38
1975 23.52
1976 23.08
1977 23.17
1978 23.40
1979 23.34
1980 24.77
1981 25.03
1982 26.25
1983 24.27
1984 27.12
1985 24.81
1988 26.31
1989 27.40
1990 28.46
1991 30.39
1992 45.26
1993 43.01
1994 30.27
1995 15.61
1996 16.43
1997 16.81
1998 16.74
1999 16.19
2000 15.56
2001 15.67
2002 15.02
2003 14.60
2004 14.23
2005 14.31
2006 13.81
2007 13.77
2008 13.38
2009 13.44
2010 14.51
2011 14.20
2012 14.44
2013 13.95
2014 13.80
2015 14.12
2016 14.75
2017 14.47
2018 13.91
2019 13.85

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance