Caribbean small states - Compensation of employees (% of expense)

Compensation of employees (% of expense) in Caribbean small states was 36.00 as of 2019. Its highest value over the past 31 years was 43.03 in 1988, while its lowest value was 26.71 in 1992.

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
1988 43.03
1989 41.38
1990 38.25
1991 36.53
1992 26.71
1993 42.06
1994 33.45
1995 36.44
1996 38.06
1997 40.87
1998 38.15
1999 34.69
2000 37.17
2001 37.24
2002 38.92
2003 35.93
2004 33.34
2005 32.15
2006 28.38
2007 30.18
2008 28.73
2009 29.10
2010 31.25
2011 39.89
2012 32.51
2013 35.37
2014 32.30
2015 34.01
2016 34.84
2017 34.57
2018 35.02
2019 36.00

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