List of countries by average wage

Last updated December 15, 2024

The average wage is a measure of total income after taxes divided by total number of employees employed. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). This is not to be confused with the average income which is a measure of total income including wage, investment benefit, and other capital gains divided by total number of people in the population including non-working residents. Average wages can differ from median wages; for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612.^[1]

OECD statistics

The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees.

*Indicates "Economy of [country or territory]" links.

Development of average annual wages 2000–2023 (USD PPP)^[2]
Country	2000	2010	2020	2023
Luxembourg *	67,932	75,124	78,977	85,526
Iceland *	61,066	58,131	75,022	81,378
United States *	61,090	67,217	77,890	80,526
Switzerland *	66,259	74,092	76,117	79,204
Belgium *	64,273	66,769	67,224	69,874
Austria *	60,507	66,074	68,136	67,431
Norway *	46,338	60,434	66,640	67,210
Netherlands *	63,471	70,030	70,641	65,640
Denmark *	52,793	62,462	67,149	65,612
Australia *	52,502	60,585	65,335	63,926
Canada *	50,631	57,084	63,712	63,398
Germany *	54,434	56,096	63,886	62,473
New Zealand *	38,311	46,744	54,196	55,974
France *	46,890	53,577	54,247	55,680
United Kingdom *	44,114	53,791	54,892	55,173
Finland *	46,650	54,056	55,624	55,048
Sweden *	41,636	50,128	56,645	55,041
Ireland *	40,403	56,563	57,512	53,384
Slovenia *	34,742	44,854	50,741	53,296
Spain *	45,544	49,258	46,911	47,772
South Korea *	33,114	40,804	49,599	47,715
Lithuania *	17,821	29,534	46,146	46,818
Italy *	47,555	50,001	46,443	45,987
Japan *	43,063	42,617	43,079	42,118
Poland *	25,649	30,310	40,269	39,300
Latvia *	13,630	22,507	33,725	36,925
Portugal *	34,151	34,827	34,518	35,677
Czech Republic *	21,385	30,524	37,879	35,576
Estonia *	14,678	25,182	35,718	34,525
Hungary *	18,671	24,943	28,691	30,216
Slovakia *	18,686	25,831	30,863	29,838
Greece *	31,276	37,214	29,071	28,727

UNECE statistics

The gross average monthly wage estimates for 2023 are computed by converting national currency figures from the United Nations Economic Commission for Europe (UNECE) Statistical Database, compiled from national and international (the CIS, Eurostat, the OECD) official sources. Wages in U.S. dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars.

Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. Wages cover the total economy and are expressed per full-time equivalent employee.^[3]

*Indicates "Economy of [country or territory]" links.

Country	Gross Average Monthly Wages (USD, at current exchange rates)^[4]	Year
Switzerland *	8,111	2022
Luxembourg *	6,633	2022
United States *	6,455	2022
Iceland *	6,778	2023
Norway *	5,665	2022
Denmark *	5,642	2022
Canada *	5,081	2022
Ireland *	4,642	2022
Netherlands *	4,581	2022
Belgium *	4,560	2022
Austria *	4,312	2022
United Kingdom *	4,179	2022
Finland *	4,090	2022
Germany *	3,984	2022
Sweden *	3,977	2022
France *	3,655	2022
Israel *	3,507	2023
Italy *	2,763	2022
Slovenia *	2,611	2022
Spain *	2,551	2022
Cyprus *	2,316	2022
Portugal *	1,781	2022
Estonia *	1,981	2023
Czech Republic *	1,770	2022
Lithuania *	2,173	2023
Slovakia *	1,512	2022
Greece *	1,417	2022
Poland *	1,416	2022
Croatia *	1,713	2023
Romania *	1,610	2023
Latvia *	1,662	2023
Serbia *	1,252	2024
Hungary *	1,189	2022
Bulgaria *	1,113	2023
Montenegro *	1,067	2023
Bosnia and Herzegovina *	1,077	2023
North Macedonia *	965	2023
Kazakhstan *	673	2022
Belarus *	621	2022
Armenia *	689	2023
Georgia *	707	2023
Turkey *	607	2023
Moldova *	553	2022
Azerbaijan *	494	2022
Ukraine *	430	2020
Albania *	701	2023
Uzbekistan *	351	2022
Kyrgyzstan *	316	2022

Related Research Articles

<span class="mw-page-title-main">Gross domestic product</span> Market value of goods and services produced within a country

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic health of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund.

Per capita income (PCI) or average income measures the average income earned per person in a given area in a specified year.

Purchasing power parity (PPP) is a measure of the price of specific goods in different countries and is used to compare the absolute purchasing power of the countries' currencies. PPP is effectively the ratio of the price of a market basket at one location divided by the price of the basket of goods at a different location. The PPP inflation and exchange rate may differ from the market exchange rate because of tariffs, and other transaction costs.

The economies of Canada and the United States are similar because both are developed countries. While both countries feature in the top ten economies in the world in 2022, the U.S. is the largest economy in the world, with US$24.8 trillion, with Canada ranking ninth at US$2.2 trillion.

The median income is the income amount that divides a population into two groups, half having an income above that amount, and half having an income below that amount. It may differ from the mean income. Both of these are ways of understanding income distribution.

Household income is a measure of income received by the household sector. It includes every form of cash income, e.g., salaries and wages, retirement income, investment income and cash transfers from the government. It may include near-cash government transfers like food stamps, and it may be adjusted to include social transfers in-kind, such as the value of publicly provided health care and education.

The national average salary is the mean salary for the working population of a nation. It is calculated by summing all the annual salaries of all persons in work (surveyed) and dividing the total by the number of workers (surveyed). It is not the same as the Gross domestic product (GDP) per capita, which is calculated by dividing the GDP by the total population of a country, including the unemployed and those not in the workforce. It can be useful in understanding economic conditions, and to employers and employees in negotiating salaries. The national median salary is usually significantly less than the national average salary because the distribution of workers by salary is skewed.

Income in India discusses the financial state in India. With rising economic growth and India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around Rs. 98,374 in 2022-23. The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. According to a 2021 report by the Pew Research Center, India has roughly 1.2 billion lower-income individuals, 66 million middle-income individuals, 16 million upper-middle-income individuals, and barely 2 million in the high-income group. According to The Economist, 78 million of India's population are considered middle class as of 2017, if defined using the cutoff of those making more than $10 per day, a standard used by the India's National Council of Applied Economic Research. According to the World Bank, 93% of India's population lived on less than $10 per day, and 99% lived on less than $20 per day in 2021.

This article includes several ranked indicators for Chile's regions.

References

↑ "Average wages, median wages, and wage dispersion".
↑ "OECD.Stat: Average annual wages"
↑ "Gross Average Monthly Wages by Country and Year (2020)". UNECE. Retrieved 24 August 2016.
↑ "Gross Average Monthly Wages by Country and Year", UNECE.org

External links

GDP per capita by country Interactive GDP chart that allows filtering by various national groupings (such as ASEAN, BRICS, the EU, and NATO etc.)

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[1] "Average wages, median wages, and wage dispersion".

[OECDaaw-2] "OECD.Stat: Average annual wages"

[3] "Gross Average Monthly Wages by Country and Year (2020)". UNECE. Retrieved 24 August 2016.

[4] "Gross Average Monthly Wages by Country and Year", UNECE.org

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v t e Lists of countries by financial rankings
Trade	Account balance % of GDP Exports by product merchandise net per capita service exports Imports Trade-to-GDP ratio Tariff rate Leading trade partners
Investment	FDI received past FDI abroad GFI
Funds	Forex reserves Gold reserves Sovereign wealth funds Pension funds Creditor nations Debtor nations
Budget and debt	Government budget PPP % of GDP per capita Credit rating External debt Public debt future Household debt Corporate debt
Income and taxes	Tax rates Inheritance tax Tax revenue Wage average median minimum
Bank rates	Central bank interest rate Commercial bank prime lending rate
Currency	Inflation rate
Other	Financial Development Index Average annual labor hours Corporate governance Development aid Ease of doing business Gross national savings Price level Employment/Unemployment Financial assets Labour productivity Wealth
Lists of countries by GDP rankings List of international rankings Lists by country

v t e Lists of countries by GDP rankings
Nominal	Per capita Past and projected per capita Sector composition
Purchasing power parity (PPP)	Per capita Past per capita Past and projected per capita Per person employed Ten largest historically
Growth rate	African countries Asian states European Union member states European countries Latin American and Caribbean countries Oceanian countries Per capita 1980–2010 growth Industrial growth
Gross national income (GNI)	PPP per capita Nominal per capita Real income Per capita growth Disposable income Household final consumption expenditure per capita
Countries by region	Africa PPP nominal Commonwealth of Nations PPP nominal Latin America & Caribbean PPP nominal North America PPP nominal nominal per capita South America PPP Arab League nominal and per capita PPP and per capita ASEAN subdivision Asia Asia & Pacific nominal PPP Former Soviet Republics Europe PPP PPP per capita nominal nominal per capita Oceania GDP
Subnational divisions	Albania Argentina Armenia Australia Austria Baltic States Belarus Belgium Brazil Bulgaria Canada cities Chile per capita China per capita cities prefectures Colombia Croatia Czech Republic Egypt Finland France per capita Georgia Germany per capita cities Greece Hungary India PPP per capita Indonesia per capita cities regencies Italy nominal per capita Japan per capita Kazakhstan Kenya Malaysia Mexico per capita Moldova Mongolia Netherlands Nigeria Nepal New Zealand Norway Pakistan Peru Philippines Poland Portugal Romania Russia per capita Saudi Arabia Serbia Slovakia South Africa South Korea Spain Sweden Switzerland Ukraine United Kingdom Level 2 English counties cities United States counties cities Taiwan Tanzania Thailand Turkey Vietnam OECD Top country subdivisions by GDP Top country subdivisions by GDP per capita *Top country metropolitan by GDP
Lists of countries by financial rankings List of international rankings Lists by country