Compensation of employees in Guatemala
Guatemala: Compensation of employees was 37.99 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Guatemala, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Guatemala recorded 37.99 billion current LCU for compensation of employees in 2024. That is the highest value across all 31 years on record.
The figure is up 7.6% on the previous year and up 88.5% over ten years.
Over the whole period, compensation of employees in Guatemala peaked at 37.99 billion current LCU in 2024 and was at its lowest, 1.17 billion current LCU, in 1990.
That places Guatemala 85th out of 156 countries with data for 2024, putting it 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 |
|---|---|---|---|---|
| 1990s | 2.06 billion current LCU | 1.17 billion current LCU | 3.21 billion current LCU | 6 |
| 2000s | 7.39 billion current LCU | 5.13 billion current LCU | 11.10 billion current LCU | 10 |
| 2010s | 20.22 billion current LCU | 12.47 billion current LCU | 28.41 billion current LCU | 10 |
| 2020s | 33.26 billion current LCU | 29.84 billion current LCU | 37.99 billion current LCU | 5 |
Countries ranked near Guatemala
- 82 Mauritius 51.76 billion current LCU compare
- 83 Ghana 50.81 billion current LCU compare
- 84 North Macedonia 44.57 billion current LCU compare
- 86 Netherlands 37.39 billion current LCU compare
- 87 New Zealand 35.91 billion current LCU compare
- 88 Namibia 35.48 billion current LCU compare
More public sector data for Guatemala
- Arms imports 6.00 million SIPRI trend indicator values (2023)
- Tax revenue 11.6% (2024)
- Taxes on income, profits and capital gains 33.9% (2024)
- Taxes on goods and services 51.9% (2024)
- Net investment in nonfinancial assets 0.3% (2024)
- Net lending (+) / net borrowing (-) -0.9% (2024)
- Interest payments 12.5% (2024)
- Grants and other revenue 3.1% (2024)
- Interest payments 12.0% (2023)
- Other taxes 0.6% (2024)
Frequently asked questions
- What is compensation of employees in Guatemala?
- Compensation of employees in Guatemala was 37.99 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 Guatemala?
- The highest recorded value was 37.99 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Guatemala?
- The lowest recorded value was 1.17 billion current LCU in 1990.
- How does Guatemala rank for compensation of employees?
- Guatemala ranks 85th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Guatemala?
- Over the last ten years it is up 88.5%. The long-run trend across the full record is volatile.
- Where does this Guatemala 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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CSV · JSON — 31 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.