Colombia - Compensation of employees
Compensation of employees (current LCU)
The value for Compensation of employees (current LCU) in Colombia was 32,619,200,000,000 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 35,163,900,000,000 in 2018 and a minimum value of 11,769,700,000,000 in 1998.
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.
| Year | Value |
|---|---|
| 1998 | 11,769,700,000,000 |
| 1999 | 14,157,600,000,000 |
| 2000 | 15,892,500,000,000 |
| 2003 | 15,181,800,000,000 |
| 2008 | 21,494,800,000,000 |
| 2009 | 23,283,500,000,000 |
| 2010 | 25,378,400,000,000 |
| 2011 | 34,530,000,000,000 |
| 2012 | 18,771,000,000,000 |
| 2013 | 18,608,600,000,000 |
| 2014 | 22,115,800,000,000 |
| 2015 | 24,039,100,000,000 |
| 2016 | 26,478,700,000,000 |
| 2017 | 28,817,900,000,000 |
| 2018 | 35,163,900,000,000 |
| 2019 | 32,619,200,000,000 |
Compensation of employees (% of expense)
Compensation of employees (% of expense) in Colombia was 9.95 as of 2019. Its highest value over the past 21 years was 45.01 in 2000, while its lowest value was 7.83 in 2013.
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 |
|---|---|
| 1998 | 43.37 |
| 1999 | 42.23 |
| 2000 | 45.01 |
| 2003 | 20.18 |
| 2008 | 18.36 |
| 2009 | 18.77 |
| 2010 | 18.36 |
| 2011 | 23.03 |
| 2012 | 11.25 |
| 2013 | 7.83 |
| 2014 | 9.61 |
| 2015 | 11.14 |
| 2016 | 10.71 |
| 2017 | 11.38 |
| 2018 | 11.74 |
| 2019 | 9.95 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
