List of countries by average wage

The average wage is a measure for the financial well-being of a country's inhabitants. The average wages are sometimes, like in this article, adjusted to living expenses "purchasing power parity" (PPP). The wage distribution is right-skewed; the majority of people earn less than the average wage. For an alternative measure, the Median household income uses median instead of average.

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.

Average wages are converted in US dollar nominal using 2013 US dollar nominal for private consumption and are deflated by a price deflator for private final consumption expenditures in 2013 prices. The OECD is a weighted average based on dependent employment weights in 2013 for the countries shown.[1]

Average annual wages 2016 (US$)[2]
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
Country PPP Nominal
 Luxembourg 62,636 66,770
 United States 60,154 60,154
  Switzerland 60,124 85,718
 Iceland 55,984 73,609
 Norway 53,643 63,122
 Netherlands 52,833 51,669
 Denmark 52,580 64,310
 Australia 52,063 59,538
 Ireland 51,681 56,787
 Belgium 49,587 47,674
 Canada 48,403 48,688
 Austria 48,295 45,819
 Germany 46,389 42,369
 France 42,992 40,718
 United Kingdom 42,835 46,252
 Sweden 42,816 46,804
 Finland 42,127 45,584
 New Zealand 39,397 44,636
 Japan 39,113 39,089
 Spain 37,333 30,613
 Italy 35,397 32,205
 Slovenia 34,965 25,171
 Israel 34,023 38,942
 South Korea 32,399 29,125
 Chile 28,434 18,157
 Poland 25,921 12,154
 Greece 25,124 19,189
 Portugal 24,529 18,333
 Czech Republic 23,722 13,587
 Estonia 23,621 15,726
 Slovak Republic 23,508 13,934
 Lithuania 22,949 12,538
 Latvia 22,389 14,017
 Hungary 21,711 11,057
 Mexico 15,311 8,212

UNECE statistics

Gross average monthly wage estimates for 2015 are computed by converting national currency figures from the UNECE (United Nations Economic Commission for Europe) Statistical Database, compiled from national and international (OECD, EUROSTAT, CIS) official sources. Wages in US dollars are computed by the UNECE Secretariat using nominal exchange rates.

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]

Country Monthly average wage
  Switzerland $7,396
 Luxembourg $5,583
 Norway $5,418
 Denmark $5,310
 United States $4,893
 Australia $4,700
 Ireland $4,379
 Netherlands $4,289
 Canada $4,134
 Belgium $3,963
 Sweden $3,849
 Finland $3,781
 Austria $3,761
 Germany $3,478
 United Kingdom $3,461
 France $3,374
 Italy $2,671
 Spain $2,541
 Israel $2,405
 Slovenia $2,052
 Greece $1,631
 Portugal $1,513
 Slovakia $1,138
 Czech Republic $1,065
 Hungary $1,067
 Poland $1,021
 Romania $919
 Lithuania $914
 Bosnia and Herzegovina $801
 Bulgaria $627
 Belarus $422
 Armenia $386
 Albania $379

See also

References

  1. ↑ "Average annual wages, 2013 USD nominal and 2013 constant prices". OECD.StatExtracts, stats.oecd.org. Organization for Economic Co-operation and Development, OECD. 2016. Retrieved 2016-08-24.
  2. ↑ "Labour > Earnings > Average annual wages". OECD.
  3. ↑ "Gross Average Monthly Wages by Country and Year (2015)". UNECE. Retrieved 24 August 2016.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.