Compensation of employees in United States
United States: Compensation of employees was 590.32 billion current LCU in 2024. ◆ Volatile
Compensation of employees in United States, 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 United States is 590.32 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
The figure is up 7.1% on the previous year and up 50.3% over ten years.
Over the whole period, compensation of employees in United States peaked at 590.32 billion current LCU in 2024 and was at its lowest, 42.26 billion current LCU, in 1972.
That places United States 41st out of 156 countries with data for 2024, putting it 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 | 51.44 billion current LCU | 42.26 billion current LCU | 63.02 billion current LCU | 8 |
| 1980s | 96.86 billion current LCU | 67.74 billion current LCU | 122.69 billion current LCU | 10 |
| 1990s | 139.94 billion current LCU | 129.34 billion current LCU | 150.62 billion current LCU | 10 |
| 2000s | 273.87 billion current LCU | 159.18 billion current LCU | 366.47 billion current LCU | 10 |
| 2010s | 407.81 billion current LCU | 388.44 billion current LCU | 447.80 billion current LCU | 10 |
| 2020s | 524.11 billion current LCU | 474.17 billion current LCU | 590.32 billion current LCU | 5 |
Countries ranked near United States
- 38 Gabon 682.39 billion current LCU compare
- 39 Mali 631.06 billion current LCU compare
- 40 Bangladesh 596.99 billion current LCU compare
- 42 Saudi Arabia 562.26 billion current LCU compare
- 43 Burundi 480.99 billion current LCU compare
- 44 Dominican Republic 453.52 billion current LCU compare
More public sector data for United States
- Arms imports 1.21 billion SIPRI trend indicator values (2024)
- Tax revenue 10.8% (2024)
- Taxes on income, profits and capital gains 56.3% (2024)
- Taxes on goods and services 2.1% (2024)
- Net investment in nonfinancial assets 1.5% (2024)
- Net lending (+) / net borrowing (-) -7.2% (2024)
- Interest payments 20.3% (2024)
- Grants and other revenue 2.9% (2024)
- Interest payments 12.9% (2023)
- Other taxes 0.6% (2024)
Frequently asked questions
- What is compensation of employees in United States?
- Compensation of employees in United States was 590.32 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 United States?
- The highest recorded value was 590.32 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in United States?
- The lowest recorded value was 42.26 billion current LCU in 1972.
- How does United States rank for compensation of employees?
- United States ranks 41st out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in United States?
- Over the last ten years it is up 50.3%. The long-run trend across the full record is volatile.
- Where does this United States 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.