Compensation of employees in Sweden
Sweden: Compensation of employees was 201.19 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Sweden, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Sweden recorded 201.19 billion current LCU for compensation of employees in 2024. That is the highest value across all 53 years on record.
That represents a change of up 8.6% on the previous year and up 64.8% over ten years.
Over the whole period, compensation of employees in Sweden peaked at 201.19 billion current LCU in 2024 and was at its lowest, 7.26 billion current LCU, in 1972.
Sweden ranks 60th 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 | 10.54 billion current LCU | 7.26 billion current LCU | 15.18 billion current LCU | 8 |
| 1980s | 22.60 billion current LCU | 16.75 billion current LCU | 29.38 billion current LCU | 10 |
| 1990s | 51.70 billion current LCU | 34.53 billion current LCU | 66.38 billion current LCU | 10 |
| 2000s | 88.58 billion current LCU | 72.68 billion current LCU | 100.65 billion current LCU | 10 |
| 2010s | 125.21 billion current LCU | 104.44 billion current LCU | 148.88 billion current LCU | 10 |
| 2020s | 176.53 billion current LCU | 157.11 billion current LCU | 201.19 billion current LCU | 5 |
Countries ranked near Sweden
- 57 Jamaica 223.00 billion current LCU compare
- 58 Mozambique 210.23 billion current LCU compare
- 59 Equatorial Guinea 204.65 billion current LCU compare
- 61 Egypt 200.93 billion current LCU compare
- 62 United Kingdom 194.78 billion current LCU compare
- 63 Israel 191.07 billion current LCU compare
More public sector data for Sweden
- Arms imports 66.00 million SIPRI trend indicator values (2024)
- Tax revenue 27.2% (2024)
- Taxes on income, profits and capital gains 18.2% (2024)
- Taxes on goods and services 34.7% (2024)
- Net investment in nonfinancial assets 2.9% (2024)
- Net lending (+) / net borrowing (-) -0.7% (2024)
- Interest payments 1.1% (2024)
- Grants and other revenue 7.3% (2024)
- Interest payments 1.4% (2022)
- Other taxes 29.7% (2024)
Frequently asked questions
- What is compensation of employees in Sweden?
- Compensation of employees in Sweden was 201.19 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 Sweden?
- The highest recorded value was 201.19 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Sweden?
- The lowest recorded value was 7.26 billion current LCU in 1972.
- How does Sweden rank for compensation of employees?
- Sweden ranks 60th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Sweden?
- Over the last ten years it is up 64.8%. The long-run trend across the full record is volatile.
- Where does this Sweden 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.