Compensation of employees in Thailand
Thailand: Compensation of employees was 855.29 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Thailand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for compensation of employees in Thailand is 855.29 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
The figure is up 1.5% on the previous year and up 18.3% over ten years.
Over the whole period, compensation of employees in Thailand peaked at 855.29 billion current LCU in 2024 and was at its lowest, 6.83 billion current LCU, in 1972.
Thailand ranks 35th of 156 countries on this measure, 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 |
|---|---|---|---|---|
| 1970s | 12.56 billion current LCU | 6.83 billion current LCU | 20.85 billion current LCU | 8 |
| 1980s | 59.51 billion current LCU | 26.57 billion current LCU | 89.58 billion current LCU | 10 |
| 1990s | 201.37 billion current LCU | 106.30 billion current LCU | 298.27 billion current LCU | 10 |
| 2000s | 429.66 billion current LCU | 301.27 billion current LCU | 640.57 billion current LCU | 10 |
| 2010s | 763.36 billion current LCU | 680.99 billion current LCU | 814.70 billion current LCU | 10 |
| 2020s | 831.13 billion current LCU | 815.77 billion current LCU | 855.29 billion current LCU | 5 |
Countries ranked near Thailand
More public sector data for Thailand
- Arms imports 73.00 million SIPRI trend indicator values (2024)
- Tax revenue 15.2% (2024)
- Taxes on income, profits and capital gains 29.9% (2024)
- Taxes on goods and services 41.7% (2024)
- Net investment in nonfinancial assets 2.3% (2024)
- Net lending (+) / net borrowing (-) -1.5% (2024)
- Interest payments 5.8% (2024)
- Grants and other revenue 20.0% (2024)
- Interest payments 5.5% (2023)
- Other taxes 0.6% (2024)
Frequently asked questions
- What is compensation of employees in Thailand?
- Compensation of employees in Thailand was 855.29 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 Thailand?
- The highest recorded value was 855.29 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Thailand?
- The lowest recorded value was 6.83 billion current LCU in 1972.
- How does Thailand rank for compensation of employees?
- Thailand ranks 35th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Thailand?
- Over the last ten years it is up 18.3%. The long-run trend across the full record is volatile.
- Where does this Thailand 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.