Compensation of employees in Marshall Islands
Marshall Islands: Compensation of employees was 50.76 million current LCU in 2020. ▲ Rising
Compensation of employees in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, compensation of employees in Marshall Islands stood at 50.76 million current LCU.
The figure is down 0.1% on the previous year and up 34.9% over ten years.
Over the whole period, compensation of employees in Marshall Islands peaked at 50.83 million current LCU in 2019 and was at its lowest, 36.65 million current LCU, in 2008.
Marshall Islands ranks 153rd of 156 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.82 million current LCU | 36.65 million current LCU | 36.98 million current LCU | 2 |
| 2010s | 42.33 million current LCU | 37.62 million current LCU | 50.83 million current LCU | 10 |
| 2020s | 50.76 million current LCU | 50.76 million current LCU | 50.76 million current LCU | 1 |
Countries ranked near Marshall Islands
More public sector data for Marshall Islands
- Tax revenue 17.2% (2020)
- Taxes on income, profits and capital gains 9.7% (2020)
- Taxes on goods and services 8.4% (2020)
- Net investment in nonfinancial assets 8.8% (2020)
- Net lending (+) / net borrowing (-) 5.0% (2020)
- Interest payments 0.4% (2020)
- Grants and other revenue 75.8% (2020)
- Interest payments 0.5% (2020)
- Other taxes 0.8% (2020)
- Compensation of employees 35.3% (2020)
Frequently asked questions
- What is compensation of employees in Marshall Islands?
- Compensation of employees in Marshall Islands was 50.76 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Marshall Islands?
- The highest recorded value was 50.83 million current LCU in 2019.
- What is the lowest compensation of employees recorded in Marshall Islands?
- The lowest recorded value was 36.65 million current LCU in 2008.
- How does Marshall Islands rank for compensation of employees?
- Marshall Islands ranks 153rd out of 156 countries with data for 2020.
- Is compensation of employees rising or falling in Marshall Islands?
- Over the last ten years it is up 34.9%. The long-run trend across the full record is rising.
- Where does this Marshall Islands 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 — 13 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.