This article needs additional citations for verification .(December 2024) |
The national average salary (or national average wage) 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). [1] 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 (e.g. retired people, children, students, etc.).[ citation needed ] It can be useful in understanding economic conditions, and to employers and employees in negotiating salaries. [1] The national median salary is usually significantly less than the national average salary because the distribution of workers by salary is skewed. [2]