Thailand - Compensation of employees (% of expense)

Compensation of employees (% of expense) in Thailand was 26.89 as of 2019. Its highest value over the past 47 years was 48.96 in 1995, while its lowest value was 26.10 in 1980.

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 32.17
1973 27.96
1974 32.99
1975 30.40
1976 28.64
1977 29.58
1978 26.19
1979 26.70
1980 26.10
1981 34.23
1982 35.31
1983 36.71
1984 36.26
1985 35.00
1986 36.36
1987 37.05
1988 36.72
1989 38.55
1990 41.33
1991 41.43
1992 44.23
1993 43.89
1994 41.86
1995 48.96
1996 46.57
1997 42.09
1998 36.33
1999 31.85
2000 44.60
2001 35.80
2002 26.48
2003 35.18
2004 33.22
2005 34.58
2006 39.95
2007 37.24
2008 35.30
2009 36.02
2010 40.11
2011 36.79
2012 29.59
2013 28.92
2014 28.30
2015 29.10
2016 28.54
2017 27.99
2018 26.79
2019 26.89

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