Compensation of employees in Greece
Greece: Compensation of employees was 20.46 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Greece, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for compensation of employees in Greece is 20.46 billion current LCU, measured in 2024.
That represents a change of up 4.5% on the previous year and up 6.8% over ten years.
Over the whole period, compensation of employees in Greece peaked at 27.25 billion current LCU in 2009 and was at its lowest, 138.37 million current LCU, in 1972.
Greece ranks 101st 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 | 282.94 million current LCU | 138.37 million current LCU | 428.82 million current LCU | 8 |
| 1980s | 1.71 billion current LCU | 515.77 million current LCU | 3.50 billion current LCU | 10 |
| 1990s | 9.35 billion current LCU | 4.23 billion current LCU | 12.32 billion current LCU | 6 |
| 2000s | 19.57 billion current LCU | 13.32 billion current LCU | 27.25 billion current LCU | 10 |
| 2010s | 20.01 billion current LCU | 18.53 billion current LCU | 24.58 billion current LCU | 10 |
| 2020s | 19.36 billion current LCU | 18.85 billion current LCU | 20.46 billion current LCU | 5 |
Countries ranked near Greece
More public sector data for Greece
- Arms imports 623.00 million SIPRI trend indicator values (2024)
- Tax revenue 27.4% (2024)
- Taxes on income, profits and capital gains 21.5% (2024)
- Taxes on goods and services 33.3% (2024)
- Net investment in nonfinancial assets 2.3% (2024)
- Net lending (+) / net borrowing (-) 1.2% (2024)
- Interest payments 7.5% (2024)
- Grants and other revenue 14.0% (2024)
- Interest payments 7.3% (2023)
- Other taxes 3.1% (2024)
Frequently asked questions
- What is compensation of employees in Greece?
- Compensation of employees in Greece was 20.46 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 Greece?
- The highest recorded value was 27.25 billion current LCU in 2009.
- What is the lowest compensation of employees recorded in Greece?
- The lowest recorded value was 138.37 million current LCU in 1972.
- How does Greece rank for compensation of employees?
- Greece ranks 101st out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Greece?
- Over the last ten years it is up 6.8%. The long-run trend across the full record is volatile.
- Where does this Greece 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.