Korea, Rep. | Compensation of employees (% of expense)

Compensation of employees consists of all payments in cash, as well as in kind (such as food and housing), to employees in return for services rendered, and government contributions to social insurance schemes such as social security and pensions that provide benefits to employees. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
Korea, Rep. | Compensation of employees (% of expense)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
16.94402421 1972
18.24 1973
15.3531218 1974
15.42152159 1975
16.60341556 1976
18.81656805 1977
17.62642502 1978
16.3892985 1979
17.65889653 1980
17.57542958 1981
16.28825271 1982
17.37687921 1983
16.31838024 1984
15.45372866 1985
15.10485408 1986
14.58157502 1987
14.53475336 1988
13.81182425 1989
14.20298575 1990
14.20838548 1991
14.4318548 1992
14.50130599 1993
13.7651657 1994
15.05348062 1995
14.37467327 1996
14.26551875 1997
12.19569422 1998
11.45414311 1999
11.11750363 2000
10.73337657 2001
11.39641679 2002
10.45478431 2003
11.67231246 2004
11.45200135 2005
11.11293955 2006
11.06725217 2007
10.84349963 2008
10.09660961 2009
10.27408508 2010
10.12429429 2011
9.81113407 2012
10.14444697 2013
10.33311037 2014
10.31197991 2015
10.50775698 2016
10.2988006 2017
10.22233905 2018
9.61697319 2019
9.32004389 2020
8.81852981 2021
2022

Korea, Rep. | Compensation of employees (% of expense)

Compensation of employees consists of all payments in cash, as well as in kind (such as food and housing), to employees in return for services rendered, and government contributions to social insurance schemes such as social security and pensions that provide benefits to employees. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source