Compensation of employees in Madagascar
Madagascar: Compensation of employees was 3.92 trillion current LCU in 2024. ◆ Volatile
Compensation of employees in Madagascar, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Madagascar stood at 3.92 trillion current LCU. That is the highest value across all 28 years on record.
The figure is up 4.4% on the previous year and up 170.9% over ten years.
Over the whole period, compensation of employees in Madagascar peaked at 3.92 trillion current LCU in 2024 and was at its lowest, 38.76 billion current LCU, in 1990.
That places Madagascar 22nd out of 156 countries with data for 2024, putting it in the top 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 | 56.66 billion current LCU | 38.76 billion current LCU | 88.90 billion current LCU | 6 |
| 2000s | 583.58 billion current LCU | 365.42 billion current LCU | 803.22 billion current LCU | 7 |
| 2010s | 1.62 trillion current LCU | 948.08 billion current LCU | 2.49 trillion current LCU | 10 |
| 2020s | 3.35 trillion current LCU | 2.81 trillion current LCU | 3.92 trillion current LCU | 5 |
Countries ranked near Madagascar
More public sector data for Madagascar
- Arms imports 1.00 million SIPRI trend indicator values (2020)
- Tax revenue 10.9% (2024)
- Taxes on income, profits and capital gains 19.8% (2024)
- Taxes on goods and services 41.2% (2024)
- Net investment in nonfinancial assets 6.5% (2024)
- Net lending (+) / net borrowing (-) -1.9% (2024)
- Interest payments 4.8% (2024)
- Grants and other revenue 19.5% (2024)
- Interest payments 6.3% (2023)
- Other taxes 0.1% (2024)
Frequently asked questions
- What is compensation of employees in Madagascar?
- Compensation of employees in Madagascar was 3.92 trillion 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 Madagascar?
- The highest recorded value was 3.92 trillion current LCU in 2024.
- What is the lowest compensation of employees recorded in Madagascar?
- The lowest recorded value was 38.76 billion current LCU in 1990.
- How does Madagascar rank for compensation of employees?
- Madagascar ranks 22nd out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Madagascar?
- Over the last ten years it is up 170.9%. The long-run trend across the full record is volatile.
- Where does this Madagascar 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 — 28 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.