Luxembourg had the highest average monthly salary of employees in the world in 2024 in terms of purchasing power parities (PPP), which takes the average cost of living in a country into account. Belgium followed in second, with the Netherlands in third.

As of 2023, Rwanda had the lowest average monthly salary of employees in the world in terms of purchasing power parities (PPP), which takes the average cost of living in a country into account. Gambia had the second lowest average wages, with Ethiopia in third. Of the 20 countries with the lowest average salaries in the world, 17 were located in Africa. On the other hand, Luxembourg had the highest average monthly salaries of employees.

Net national incomes have grown globally, growing from 694 U.S. dollars in 1970 to 9,750 in 2021. Much of this growth can be attributed to improvements in overall global development, as economies in developing countries have grown rapidly. Net national incomes grew steadily from the 1970s to the 2000s, and then experienced a sharper increase during the 2000s until the Great Recession, falling slightly in 2008.

The average for 2021 based on 71 countries was 27.53 percent. The highest value was in Colombia: 43.7 percent and the lowest value was in Slovakia: 19.1 percent. The indicator is available from 1963 to 2023. Below is a chart for all countries where data are available.

Key information about United States Monthly Earnings

• United States Monthly Earnings stood at 4,901 USD in Feb 2025, compared with the previous figure of 4,887 USD in Jan 2025
• US Monthly Earnings data is updated monthly, available from Mar 2006 to Feb 2025, with an average number of 3,469 USD
• The data reached the an all-time high of 4,901 USD in Feb 2025 and a record low of 2,743 USD in Mar 2006

CEIC calculates Monthly Earnings from Average Weekly Earnings multiplied by 4. U.S. Bureau of Labor Statistics provides Average Weekly Earnings in USD. Monthly Earnings include Private Non Agricultural sector only.


Further information about United States Monthly Earnings

• In the latest reports, US Population reached 341 million people in Dec 2024
• Unemployment Rate of US increased to 4 % in Feb 2025
• The country's Labour Force Participation Rate remained the same rate at 62 % in Feb 2025

As of 2023, Rwanda had the lowest average monthly salary of employees in the world in terms of purchasing power parities (PPP), which takes the average cost of living in a country into account. Gambia had the second lowest average wages, with Ethiopia in third. Of the 20 countries with the lowest average salaries in the world, 17 were located in Africa. On the other hand, Luxembourg had the highest average monthly salaries of employees.

This dataset provides values for WAGES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for WAGES IN MANUFACTURING reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This graph shows average wages around the world in 2012 as calculated by purchasing power parity. In 2012 the highest average wage was earned in Luxembourg at 4,089 purchasing power parity dollars. Wages and salaries Wages and salaries in the United States have increased during the last decades. The median weekly earnings of a full-time wage and salary worker were about 241 U.S. dollars in 1979 and shifted up to 768 U.S. dollars in 2012.

The median earnings of U.S. full-time wage and salary workers vary across their educational attainment. The highest paid workers are those who hold a bachelor’s degree, according to the U.S. Bureau of Labor Statistics.

The U.S. federal government specified minimum wage laws for workers in the United States, which say that workers must be paid no less than the current federal minimum wage. The minimum wage was set at 7.25 U.S. dollars per hour by federal law. The actual minimum wage varies from state to state, as some states have additional minimum wage laws.

For instance, the minimum wage in Washington was around 9.04 U.S. dollars per hour, while the worst minimum wage can be found in Georgia, where workers earn at least 5.15 U.S. dollars per hour. No minimum wages can be found in Tennessee, Alabama, Louisiana, South Carolina and Mississippi, as of January 1, 2012.

The number of workers paid hourly rates with earnings at or below the minimum wage in the U.S. was at its highest in the industry type of leisure and hospitality in 2013.

Recent statistics show that the share of female workers paid hourly rates at or below prevailing federal minimum wage in the United States decreased since 1979. In that year, 20.2 percent of the female wage and salary workers were paid below the federal minimum wage, while only 2.9 percent of the female workers were paid below the federal minimum wage in 2006.

Luxembourg had the highest average monthly salary of employees in the world in 2024 in terms of purchasing power parities (PPP), which takes the average cost of living in a country into account. Belgium followed in second, with the Netherlands in third.

Wages in China increased to 120698 CNY/Year in 2023 from 114029 CNY/Year in 2022. This dataset provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Russia Household Income per Capita

• Russia Annual Household Income per Capita reached 8,179.123 USD in Dec 2024, compared with the previous value of 7,549.747 USD in Dec 2023.
• Russia Annual Household Income per Capita data is updated yearly, available from Dec 1992 to Dec 2024, with an averaged value of 5,882.623 USD.
• The data reached an all-time high of 9,660.697 USD in Dec 2013 and a record low of 183.584 USD in Dec 1992.
• In the latest reports, Retail Sales of Russia grew 5.200 % YoY in Dec 2024.

CEIC calculates Annual Household Income per Capita from Monthly Average Household Income per Capita multiplied by 12 and converts it into USD. Federal State Statistics Service provides Average Household Income per Capita in local currency. The Bank of Russia average market exchange rate is used for currency conversions.

International Apple Pricing Strategy

Understanding Apple Product Prices in Relation to Local Salaries Worldwide

By [source]

About this dataset

This dataset offers a unique and powerful insight into the international markets of Apple products. It shows how Apple prices its products in different countries, and how those prices compare with average monthly salaries in those countries, giving a view on the affordability of these products. By looking at this data one can also get a better idea of what local markets look like around the world, as well as which countries may be better for price conscious shopping. All this data allows for deeper understanding of product pricing differences and potential spending power across regions to inform decisions by product or market makers about where to focus their efforts

More Datasets

For more datasets, click here.

Featured Notebooks

• 🚨 Your notebook can be here! 🚨!

How to use the dataset

This dataset provides an insight into Apple's international pricing strategies, which can be leveraged to draw conclusions about the company's approach to local markets around the world. To use this dataset, first look at how Apple prices its products in different countries by studying the columns 'price' and 'EUR Average Monthly Salary' and 'USD Average Monthly Salary'. Then examine how those prices compare with local salaries in those countries by comparing the columns 'EUR Average Monthly Salary' and 'USD Average Monthly Salary'. Finally, take a closer look at what types of products Apple offers in each location by studying columns such as 'sku', 'category', and ‘name’. By exploring these datasets you can gain insights into Apple's international pricing strategy while taking into account differences between local economies

Research Ideas

• Market segmentation: This dataset can provide valuable insights for companies looking to target different markets depending on the average local salary and purchasing power compared to Apple's current prices in that market.
• Price Optimization: Analyzing departments such as pricing, revenue management and strategic marketing could leverage this dataset develop smarter pricing strategies while also reflecting local income disparities as an integral factor​ in optimizing product prices across regions.
• Sales Planning & Budgeting: Companies can use this information to plan their annual budgets and forecast estimated sales performance across each of their markets according by benchmarking against Apple's current global prices for different products

Acknowledgements

If you use this dataset in your research, please credit the original authors. Data Source

License

License: CC0 1.0 Universal (CC0 1.0) - Public Domain Dedication No Copyright - You can copy, modify, distribute and perform the work, even for commercial purposes, all without asking permission. See Other Information.

Columns

File: average_monthly_salary_index.csv | Column name | Description | |:-------------------------------|:------------------------------------------------------------------| | Country | The country in which the data was collected. (String) | | EUR Average Monthly Salary | The average monthly salary in Euros for the country. (Float) | | USD Average Monthly Salary | The average monthly salary in US Dollars for the country. (Float) |

File: preus_mac_ipad_iphone.csv | Column name | Description | |:--------------|:----------------------------------------------------| | sku | Unique identifier for each product. (String) | | price | Price of the product in the local currency. (Float) | | category | Category of the product. (String) | | name | Name of the product. (String) | | country | Country where the product is sold. (String) | | store | Store where the product is sold. (String) |

Acknowledgements

If you use this dataset in your research, please credit the original authors. If you use this dataset in your research, please credit .

With only ***** euros after accounting for purchasing power parity (PPP), Yemen had the lowest average income per adult worldwide in 2022. However, most of the countries on the list are located in Sub-Saharan Africa.

Key information about Japan Monthly Earnings

• Japan Monthly Earnings stood at 1,888 USD in Jan 2025, compared with the previous figure of 4,014 USD in Dec 2024
• Japan Monthly Earnings data is updated monthly, available from Jan 1971 to Jan 2025, with an average number of 2,419 USD
• The data reached the an all-time high of 7,322 USD in Dec 1994 and a record low of 164 USD in Feb 1971

CEIC converts Monthly Earnings into USD. The Ministry of Health, Labour and Welfare provides Average Monthly Earnings in local currency. Federal Reserve Bank average market exchange rate is used for currency conversions. Monthly Earnings include Establishments with 5 or more employees. Monthly Earnings prior to January 2012 are based on Conventional Published Value.


Further information about Japan Monthly Earnings

• In the latest reports, Japan Population reached 124 million people in Dec 2024
• Unemployment Rate of Japan remained the same at 3 % in Jan 2025
• The country's Labour Force Participation Rate dropped to 63 % in Jan 2025

Saudi Arabia Average Monthly Wages: Saudi data was reported at 10,016.900 SAR in Dec 2023. This records an increase from the previous number of 9,857.100 SAR for Sep 2023. Saudi Arabia Average Monthly Wages: Saudi data is updated quarterly, averaging 10,185.550 SAR from Jun 2016 (Median) to Dec 2023, with 31 observations. The data reached an all-time high of 10,599.879 SAR in Mar 2021 and a record low of 9,583.100 SAR in Sep 2022. Saudi Arabia Average Monthly Wages: Saudi data remains active status in CEIC and is reported by General Authority for Statistics. The data is categorized under Global Database’s Saudi Arabia – Table SA.G026: Average Monthly Wages (Discontinued).

Key information about Vietnam Monthly Earnings

• Vietnam Monthly Earnings stood at 339 USD in Dec 2023, compared with the previous figure of 334 USD in Sep 2023
• Vietnam Monthly Earnings data is updated quarterly, available from Mar 2011 to Dec 2023, with an average number of 240 USD
• The data reached the an all-time high of 339 USD in Dec 2023 and a record low of 142 USD in Jun 2011

CEIC converts quarterly Monthly Earnings into USD. General Statistics Office provides Average Monthly Earnings in local currency. The State Bank of Vietnam average market exchange rate is used for currency conversions. Monthly Earnings prior to Q1 2021 is based on ICLS 13 standard.


Further information about Vietnam Monthly Earnings

• In the latest reports, Vietnam Population reached 101 million people in Dec 2024
• Unemployment Rate of Vietnam dropped to 2 % in Dec 2024
• The country's Labour Force Participation Rate increased to 68 % in Mar 2022

Bermuda has the highest average income per adult in the world, reaching over ******* euros when accounting for purchasing power parity (PPP). Isle of Man and Qatar followed behind.

Pakistan Average Monthly Wages data was reported at 24,028.000 PKR in 2021. This records an increase from the previous number of 21,326.000 PKR for 2019. Pakistan Average Monthly Wages data is updated yearly, averaging 12,636.500 PKR from Jun 2008 (Median) to 2021, with 10 observations. The data reached an all-time high of 24,028.000 PKR in 2021 and a record low of 6,612.000 PKR in 2008. Pakistan Average Monthly Wages data remains active status in CEIC and is reported by Pakistan Bureau of Statistics. The data is categorized under Global Database’s Pakistan – Table PK.G004: Average Monthly Wages: by Industry. No data for 2016-2017 as per source. Labour Force Survey has not been conducted for these two years due to Population Census.

Key information about Thailand Monthly Earnings

• Thailand Monthly Earnings stood at 442 USD in Dec 2024, compared with the previous figure of 470 USD in Nov 2024
• Thailand Monthly Earnings data is updated monthly, available from Jan 2001 to Dec 2024, with an average number of 349 USD
• The data reached the an all-time high of 479 USD in Dec 2020 and a record low of 145 USD in Jan 2002

CEIC converts Monthly Earnings into USD. The Bank of Thailand provides Monthly Average Wage in local currency based on ISIC Rev. 4. Federal Reserve Board average market exchange rate is used for currency conversions. Monthly Earnings prior to January 2011 are based on ISIC Rev. 3.


Further information about Thailand Monthly Earnings

• In the latest reports, Thailand Population reached 66 million people in Dec 2024
• Unemployment Rate of Thailand dropped to 1 % in Dec 2024
• The country's Labour Force Participation Rate dropped to 69 % in Dec 2024