Macao SAR, China - Compensation of employees (% of expense)

Compensation of employees (% of expense) in Macao SAR, China was 31.17 as of 2019. Its highest value over the past 23 years was 56.78 in 1997, while its lowest value was 27.54 in 2010.

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
1996 56.04
1997 56.78
1998 56.73
1999 46.46
2000 53.55
2001 53.65
2002 52.57
2003 50.00
2004 49.71
2005 49.24
2006 45.32
2007 45.46
2008 34.00
2009 28.58
2010 27.54
2011 30.23
2012 31.74
2013 30.63
2014 29.93
2015 30.59
2016 30.83
2017 31.87
2018 31.82
2019 31.17

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