Compensation of employees in Georgia
Georgia: Compensation of employees was 3.91 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Georgia, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Georgia stood at 3.91 billion current LCU. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 33.3% on the previous year and up 144.4% over ten years.
Over the whole period, compensation of employees in Georgia peaked at 3.91 billion current LCU in 2024 and was at its lowest, 30.90 million current LCU, in 1995.
That places Georgia 129th out of 156 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 92.78 million current LCU | 30.90 million current LCU | 118.10 million current LCU | 5 |
| 2000s | 389.71 million current LCU | 76.80 million current LCU | 941.60 million current LCU | 10 |
| 2010s | 1.64 billion current LCU | 993.50 million current LCU | 2.25 billion current LCU | 10 |
| 2020s | 2.63 billion current LCU | 1.95 billion current LCU | 3.91 billion current LCU | 5 |
Countries ranked near Georgia
More public sector data for Georgia
- Arms imports 17.00 million SIPRI trend indicator values (2024)
- Tax revenue 24.3% (2024)
- Taxes on income, profits and capital gains 38.5% (2024)
- Taxes on goods and services 44.5% (2024)
- Net investment in nonfinancial assets 4.6% (2024)
- Net lending (+) / net borrowing (-) -2.1% (2024)
- Interest payments 5.5% (2024)
- Grants and other revenue 16.1% (2024)
- Interest payments 5.9% (2023)
- Other taxes 0.3% (2024)
Frequently asked questions
- What is compensation of employees in Georgia?
- Compensation of employees in Georgia was 3.91 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 Georgia?
- The highest recorded value was 3.91 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Georgia?
- The lowest recorded value was 30.90 million current LCU in 1995.
- How does Georgia rank for compensation of employees?
- Georgia ranks 129th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Georgia?
- Over the last ten years it is up 144.4%. The long-run trend across the full record is volatile.
- Where does this Georgia 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.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.