Slovak Republic: Compensation of employees (% of expense)

Key figures

What the numbers say

In 2022, Slovak Republic's compensation of employees (% of expense) rose 0.35 percentage points on 2021 (from 16.08% to 16.43%).

Across the 26 yearly changes before that (1996 to 2021), the average change was −0.09 percentage points and a typical year strayed about 1.54 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 2.9 percentage points in 2001 and the biggest yearly fall was 5.27 percentage points in 2003. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is upward, about 0.35 percentage points a year. A straight line explains 87% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 17.49% for 2025. We show this only because the same method, fitted on earlier years, predicted 2020 to 2022 better than "no change" would have: its average miss was 0.13%, against 0.18% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2022, Slovak Republic had the 16th highest value of the 24 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Slovak Republic in the 2022 ranking

• Hungary — 12th of 24: 19.05%
• Romania — 13th of 24: 19.01%
• Serbia — 14th of 24: 16.75%
• Timor-Leste — 16th of 24: 14.7%
• Azerbaijan — 17th of 24: 14.23%
• South Africa — 18th of 24: 14.18%

What this measures

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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.

Limitations: 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).

Regional and income-group figures are computed by the World Bank as a median.

All 28 values

Compensation of employees (% of expense) in nearby economies

• Albania — 20.53% (2023)
• Armenia — 19.33% (2023)
• Austria — 10.07% (2023)
• Azerbaijan — 14.23% (2022)
• Belarus — 14.06% (2023)
• Belgium — 5.87% (2022)
• Bosnia and Herzegovina — 25.77% (2023)
• Bulgaria — 18.02% (2023)
• Croatia — 14.53% (2023)
• Cyprus — 27.44% (2023)

More public sector data for Slovak Republic

• Military expenditure (current USD) — 3.12 billion (2025)
• Military expenditure (current LCU) — 2.76 billion (2025)
• Military expenditure (% of GDP) — 2.03% (2025)
• Intentional homicides (per 100,000 people) — 1.12 (2023)
• Military expenditure (% of general government expenditure) — 4.16% (2025)
• Net investment in nonfinancial assets (current LCU) — 3.26 billion (2024)
• Net investment in nonfinancial assets (% of GDP) — 2.5% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — -7.06 billion (2024)
• Net lending (+) / net borrowing (-) (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Slovak Republic's compensation of employees (% of expense)?

16.43% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is down 2.02 percentage points from 18.45% in 1995. The highest value was 19.72% in 1998 and the lowest 12.85% in 2005.

How does Slovak Republic rank?

Source

World Bank, World Development Indicators, indicator GC.XPN.COMP.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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