Bolivia Ukraine Guatemala Kosovo Disputed Territory Ecuador Vietnam Morocco India Kenya Argentina North Macedonia Armenia Kazakhstan El Salvador Peru Moldova Turkey Brazil Belarus Albania Dominican Republic Colombia Zimbabwe Azerbaijan Iran Indonesia Philippines Ghana Tunisia Bangladesh Uzbekistan Algeria Sri Lanka Egypt Nepal Pakistan Ethiopia Now read about the areas where people earn the highest and lowest salaries in Britain.
In fact, a report published in found that typical disposable income in Ireland is actually below the OECD average. Unemployment has fallen to near-record lows in Canada, yet wages haven't been rising as fast as would be expected. Personal taxes in the Nordic country are high, however, and eat into workers' wages. Belgium's unemployment rate may be falling but pay dipped to its lowest level since in and is now only rising slowly.
The cost of living in Australia may be super-high, but Aussie workers tend to be handsomely remunerated. The Netherlands is another nation that taxes its workers to the hilt. Read about 17 surprisingly dangerous jobs. In Denmark income tax is even higher than in Norway and the Netherlands, with one of the most wallet-busting rates on the planet.
Nevertheless, wealth inequality is marked in the country, and the excessive cost of healthcare diminishes many workers' take-home pay.
Now discover the states to move to if you want a huge pay rise. Employees in the country's finance, insurance and IT sectors command the highest salaries. Read from sandcastle builder to water slide tester: the incredible jobs people really do. High-paying jobs are commonplace in the tiny landlocked state, though the cost of living, particularly housing, is expensive. Now you know the average earnings, discover the countries with the highest salaries in the world.
Data is missing for some countries - even a country as large as Nigeria, for example. And also, the economists at the ILO are only counting wage earners. They exclude huge numbers of people who appear in the poverty statistics but not in the calculations for the average wage - pensioners, children and stay-at-home parents, for example, and even the self-employed.
The number of self-employed is huge. But calculating the world's average salary is still an exercise worth doing, according to Belser. We always use Gross Domestic Product GDP as the reference, but I think we also have a whole lot of trouble understanding exactly what is the meaning of GDP, whereas wages are a much more obvious indicator of the quality of life.
It tells you where most of the people are at the end of the month, and it gives you an idea of how they live - how often they can go out, what they can buy, where they can live, what kinds of rents they can afford. And that's the interesting thing, compared to GDP per capita, which is a much more abstract notion. And if you understand the limitations of this number - that it gives a rough idea of average employee salaries - Belser says it holds an important lesson.
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