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Compensation of Employees (Local Currency) in Belgium

Source: World Bank
Last Updated: Jun 1, 2021

Compensation of Employees (Local Currency) reached 9.70 EUR bil in 2018 in Belgium. This is 0.693 % more than in the previous year.

Historically, Compensation of Employees (Local Currency) in Belgium reached an all time high of 9.81 EUR bil in 2014 and an all time low of EUR bil in. When compared to Belgium's main peers, Compensation of Employees (Local Currency) in France amounted to 135 EUR bil, 31.5 EUR bil in Germany, 4.05 EUR bil in Luxembourg and 21.7 EUR bil in Netherlands in 2018.

Belgium has been ranked 88th within the group of 115 countries we follow in terms of Compensation of Employees (Local Currency), 1 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.

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