List of countries by average wage

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]

See also: List of countries by GDP (PPP) per capita

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 2000–2021 (US$ PPP)[2]
Country 2000 2010 2020 2021
 United States * 57,499 63,265 72,807 74,738
 Luxembourg * 61,736 68,364 71,223 73,657
 Iceland * 53,058 50,508 68,119 72,047
 Switzerland * 58,129 65,019 67,105 68,957
 Denmark * 47,995 56,776 60,984 61,331
 Netherlands * 55,158 60,861 61,560 60,923
 Belgium * 54,578 56,697 57,272 59,100
 Norway * 39,466 51,471 56,720 58,377
 Austria * 51,004 55,693 57,272 58,189
 Australia * 45,864 52,645 56,455 56,600
 Germany * 47,631 49,085 55,921 56,040
 Canada * 44,600 50,582 56,177 56,006
 Ireland * 37,155 50,350 50,751 51,045
 United Kingdom * 40,561 46,910 48,564 49,979
 Finland * 40,413 46,829 47,878 49,708
 France * 40,597 46,386 47,373 49,313
 Sweden * 35,613 42,885 48,430 48,951
 New Zealand * 32,802 40,022 46,126 46,976
 Slovenia * 29,550 38,123 43,310 43,892
 South Korea * 29,505 36,358 43,342 42,747
 Israel * 36,018 33,256 40,047 42,165
 Lithuania * 15,122 25,058 39,611 42,027
 Italy * 40,575 42,669 39,208 40,767
 Japan * 38,823 38,421 38,850 39,711
 Spain * 38,940 42,116 38,426 39,202
 Poland * 21,859 25,512 33,330 33,566
 Turkey * 23,292 32,483
 Estonia * 13,050 22,426 32,017 33,188
 Latvia * 11,972 19,772 29,813 32,235
 Czech Republic * 17,381 24,808 30,912 31,711
 Portugal * 28,692 29,260 29,093 29,740
 Hungary * 16,463 21,991 25,275 26,268
 Greece * 27,453 32,665 25,720 25,744
 Slovakia * 14,786 20,427 24,407 24,805
 Mexico * 17,310 17,617 17,457 16,429

UNECE statistics

The gross average monthly wage estimates for 2020 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 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 in 2020 (US$, at current Exchange Rates)[4]
 Switzerland *7,712.7 USD
 Luxembourg *6,228.8 USD
 Iceland *5,862.5 USD
 United States *5,782.6 USD
 Denmark *5,701.1 USD
 Norway *5,247.5 USD
 Netherlands *4,764.8 USD
 Ireland *4,681.6 USD
 Canada *4,489.7 USD
 Belgium *4,352.7 USD
 Austria *4,253.5 USD
 Sweden *4,063.5 USD
 Finland *4,061.7 USD
 Germany *4,045.0 USD
 United Kingdom *3,952.7 USD
 France *3,616.2 USD
 Israel *3,351.7 USD
 Italy *2,658.8 USD
 Spain *2,520.2 USD
 Slovenia *2,494.7 USD
 Cyprus *2,286.1 USD
 Portugal *1,757.8 USD
 Estonia *1,650.2 USD
 Lithuania *1,628.2 USD
 Greece *1,623.8 USD
 Czech Republic *1,572.4 USD
 Slovakia *1,450.6 USD
 Croatia *1,392.9 USD
 Poland *1,342.8 USD
 Latvia *1,302.6 USD
 Hungary *1,138.9 USD
 Bosnia and Herzegovina *859.6 USD
 Bulgaria *808.1 USD
 Serbia *804.4 USD
 North Macedonia *749.6 USD
 Kazakhstan *514.9 USD
 Belarus *512.8 USD
 Ukraine *430.0 USD
 Azerbaijan *416.1 USD
 Armenia *388.0 USD
 Uzbekistan *265.1 USD

See also

References
  1. "Average wages, median wages, and wage dispersion".
  2. "Labour > Earnings > Average annual wages". OECD.
  3. "Gross Average Monthly Wages by Country and Year (2020)". 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.