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List of countries by average wage

(Redirected from List of countries by employee compensation (per hour))

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

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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

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World map of average monthly wage per UNECE statistics
  •   ≥ $7,000
  •   $6,000–$7,000
  •   $5,000–$6,000
  •   $4,000–$5,000
  •   $3,000–$4,000
  •   $2,000–$3,000
  •   $1,500–$2,000
  •   $1,250–$1,500
  •   $1,000–$1,250
  •   $750–$1,000
  •   $500–$750
  •   $250–$500
  •   < $250
  •   Data unavailable

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 in 2023 (USD, at current exchange rates)[4]
  Switzerland * 8,111 (2022)
  Luxembourg * 6,633 (2022)
  United States * 6,455 (2022)
  Iceland * 6,778
  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
  Italy * 2,763 (2022)
  Slovenia * 2,611 (2022)
  Spain * 2,551 (2022)
  Cyprus * 2,316 (2022)
  Portugal * 1,781 (2022)
  Estonia * 1,981
  Czech Republic * 1,770 (2022)
  Lithuania * 2,173
  Slovakia * 1,512 (2022)
  Greece * 1,417 (2022)
  Poland * 1,416 (2022)
  Croatia * 1,713
  Romania * 1,610
  Latvia * 1,662
  Serbia * 1,252 (2024)
  Hungary * 1,189 (2022)
  Bulgaria * 1,113
  Montenegro * 1,067
  Bosnia and Herzegovina * 1,077
  North Macedonia * 965
  Kazakhstan * 673 (2022)
  Belarus * 621 (2022)
  Armenia * 688
  Georgia * 707
  Turkey * 607
  Moldova * 553 (2022)
  Azerbaijan * 494 (2022)
  Ukraine * 430 (2020)
  Albania * 701
  Uzbekistan * 351 (2022)
  Kyrgyzstan * 316 (2022)

See also

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References

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  1. ^ "Average wages, median wages, and wage dispersion".
  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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