Compensation of employees in Finland
Finland: Compensation of employees was 9.00 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Finland, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Finland stood at 9.00 billion current LCU. That is the highest value across all 53 years on record.
The figure is up 2.7% on the previous year and up 32.1% over ten years.
Over the whole period, compensation of employees in Finland peaked at 9.00 billion current LCU in 2024 and was at its lowest, 318.55 million current LCU, in 1972.
Finland ranks 112th of 156 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 602.76 million current LCU | 318.55 million current LCU | 895.26 million current LCU | 8 |
| 1980s | 1.71 billion current LCU | 1.01 billion current LCU | 2.50 billion current LCU | 10 |
| 1990s | 3.35 billion current LCU | 2.61 billion current LCU | 4.24 billion current LCU | 10 |
| 2000s | 5.18 billion current LCU | 4.39 billion current LCU | 6.12 billion current LCU | 10 |
| 2010s | 6.64 billion current LCU | 6.21 billion current LCU | 7.17 billion current LCU | 10 |
| 2020s | 8.23 billion current LCU | 7.43 billion current LCU | 9.00 billion current LCU | 5 |
Countries ranked near Finland
More public sector data for Finland
- Arms imports 64.00 million SIPRI trend indicator values (2024)
- Tax revenue 25.3% (2024)
- Taxes on income, profits and capital gains 26.8% (2024)
- Taxes on goods and services 31.5% (2024)
- Net investment in nonfinancial assets 1.7% (2024)
- Net lending (+) / net borrowing (-) -3.5% (2024)
- Interest payments 2.9% (2024)
- Grants and other revenue 12.8% (2024)
- Interest payments 2.0% (2023)
- Other taxes 1.1% (2024)
Frequently asked questions
- What is compensation of employees in Finland?
- Compensation of employees in Finland was 9.00 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Finland?
- The highest recorded value was 9.00 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Finland?
- The lowest recorded value was 318.55 million current LCU in 1972.
- How does Finland rank for compensation of employees?
- Finland ranks 112th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Finland?
- Over the last ten years it is up 32.1%. The long-run trend across the full record is volatile.
- Where does this Finland data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.