Italy - Compensation of employees (% of expense)

Compensation of employees (% of expense) in Italy was 13.51 as of 2019. Its highest value over the past 46 years was 18.95 in 1973, while its lowest value was 10.19 in 1986.

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
1973 18.95
1974 18.03
1975 15.28
1976 14.77
1977 15.69
1978 12.90
1979 12.91
1980 12.65
1986 10.19
1987 10.52
1988 13.24
1989 12.69
1990 13.19
1991 12.92
1992 11.87
1993 11.44
1994 11.28
1995 12.63
1996 13.46
1997 13.93
1998 14.08
1999 14.03
2000 14.48
2001 14.59
2002 14.93
2003 15.48
2004 15.35
2005 15.49
2006 15.04
2007 15.15
2008 14.54
2009 14.23
2010 14.36
2011 14.13
2012 13.59
2013 13.63
2014 13.48
2015 13.19
2016 13.36
2017 13.37
2018 13.72
2019 13.51

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