Compensation of Employees (Local Currency) reached 57.3 EUR bil in 2019 in Germany. This is 4.64 % more than in the previous year.
Historically, Compensation of Employees (Local Currency) in Germany reached an all time high of 57.3 EUR bil in 2019 and an all time low of EUR bil in. When compared to Germany's main peers, Compensation of Employees (Local Currency) in Austria amounted to 18.8 EUR bil, 11.5 EUR bil in Belgium, 204 EUR bil in France and 110 PLN bil in Poland in 2019.
Germany has been ranked 60th within the group of 107 countries we follow in terms of Compensation of Employees (Local Currency), 6 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.