Compensation of Employees (Local Currency) rose 3.8983818270776% to SVC 2.54 bil in El Salvador in 2017

Compensation of Employees (Local Currency) (SVC bil)
Labour | El Salvador | May 18, 2019
$2.99
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Compensation of Employees (Local Currency) reached 2.54 SVC bil in 2017 in El Salvador. This is 3.9 % more than in the previous year.

Historically, Compensation of Employees (Local Currency) in El Salvador reached an all time high of 2.54 SVC bil in 2017 and an all time low of 0.829 SVC bil in 1998. When compared to El Salvador's main peers, Compensation of Employees (Local Currency) in Costa Rica amounted to 4,093 CRC bil and 25.0 NIO bil in Nicaragua in 2017.

El Salvador has been ranked 92nd within the group of 105 countries we follow in terms of Compensation of Employees (Local Currency), 16 places above the position seen 10 years ago.

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.

Compensation of Employees (Local Currency) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Belize BZD bil 0.296 0.371 0.388 0.432 0.484
Costa Rica CRC bil 2,698 2,937 3,209 3,461 3,740
El Salvador SVC bil 1.90 2.02 2.12 2.20 2.33
Guatemala GTQ bil 14.1 15.0 16.9 18.4 20.2 ...
Honduras HNL bil 38.0 40.9 45.0 44.4 46.3 ... ...
Mexico MXN bil 384 414 422 449 485
Nicaragua NIO bil 12.0 13.6 15.2 18.3 20.5
Panama PAB bil ... ... ... ... ... ... ... ... ...
USA USD bil 401 398 388 393 399