Compensation of employees in Slovakia
Slovakia: Compensation of employees was 8.96 billion current LCU in 2024. ▲ Rising
Compensation of employees in Slovakia, 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 Slovakia stood at 8.96 billion current LCU. That is the highest value across all 30 years on record.
The figure is up 9.3% on the previous year and up 112.0% over ten years.
Over the whole period, compensation of employees in Slovakia peaked at 8.96 billion current LCU in 2024 and was at its lowest, 1.67 billion current LCU, in 1995.
Slovakia ranks 113th of 156 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.08 billion current LCU | 1.67 billion current LCU | 2.47 billion current LCU | 5 |
| 2000s | 2.83 billion current LCU | 2.23 billion current LCU | 3.57 billion current LCU | 10 |
| 2010s | 4.50 billion current LCU | 3.76 billion current LCU | 5.88 billion current LCU | 10 |
| 2020s | 7.54 billion current LCU | 6.40 billion current LCU | 8.96 billion current LCU | 5 |
Countries ranked near Slovakia
More public sector data for Slovakia
- Arms imports 298.00 million SIPRI trend indicator values (2024)
- Tax revenue 19.1% (2024)
- Taxes on income, profits and capital gains 20.4% (2024)
- Taxes on goods and services 28.3% (2024)
- Net investment in nonfinancial assets 2.5% (2024)
- Net lending (+) / net borrowing (-) -5.4% (2024)
- Interest payments 3.5% (2024)
- Interest payments 2.7% (2022)
- Other taxes 0.0% (2024)
- Compensation of employees 16.4% (2022)
Frequently asked questions
- What is compensation of employees in Slovakia?
- Compensation of employees in Slovakia was 8.96 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 Slovakia?
- The highest recorded value was 8.96 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Slovakia?
- The lowest recorded value was 1.67 billion current LCU in 1995.
- How does Slovakia rank for compensation of employees?
- Slovakia ranks 113th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Slovakia?
- Over the last ten years it is up 112.0%. The long-run trend across the full record is rising.
- Where does this Slovakia 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 — 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.