Compensation of Employees (Local Currency) reached 16.2 EUR bil in 2018 in Austria. This is 3.07 % more than in the previous year.
Historically, Compensation of Employees (Local Currency) in Austria reached an all time high of 16.2 EUR bil in 2018 and an all time low of EUR bil in. When compared to Austria's main peers, Compensation of Employees (Local Currency) in Germany amounted to 31.5 EUR bil, 3,408 HUF bil in Hungary, 101 EUR bil in Italy and 7.89 CHF bil in Switzerland in 2018.
Austria has been ranked 86th within the group of 115 countries we follow in terms of Compensation of Employees (Local Currency), 5 places behind 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.