Since 1970, net national incomes per capita have grown in each region of the world. North America has experienced the largest increase, growing from nearly 4,500 U.S. dollars per capita in 1970 to $57,300 per capita in 2021. Europe and Central Asia follow behind North America, growing from 1,200 dollars per capita in 1970 to 22,000 in 2021. Other regions such as Sub-Saharan Africa, the Middle East and North Africa, Latin America and the Caribbean, and South Asia have not grown as high, but their growth is still significant, with net national incomes per capita in 2021 growing to between 10 and 20 times their 1970 levels.

Wages in Japan increased to 347059 JPY/Month in March from 323728 JPY/Month in February of 2025. This dataset provides - Japan Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Netherlands increased to 3875 EUR/Month in 2025 from 3708.33 EUR/Month in 2024. This dataset provides - Netherlands Average Hourly Wages Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the median household income in the United States from 1970 to 2020, by income tier. In 2020, the median household income for the middle class stood at 90,131 U.S. dollars, which was approximately a 50 percent increase from 1970. However, the median income of upper income households in the U.S. increased by almost 70 percent compared to 1970.

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.

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LES1252881600Q) from Q1 1979 to Q1 2025 about full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

Wages in the United States increased to 31.18 USD/Hour in May from 31.06 USD/Hour in April of 2025. This dataset provides - United States Average Hourly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Panama increased to 1288 PAB/Month in 2023 from 1275 PAB/Month in 2022. This dataset provides - Panama Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

South Korea's Occupational Wage Survey (OWS) is an annual business establishment survey conducted since 1970 by South Korea's Ministry of Labor. The dataset contains detailed information on individual workers' earnings, hours worked, educational attainment, actual labor market experience, occupation, industry, and region. The surveyed establishments must employ at least ten workers and were selected by a stratified random sampling method. Because they exclude workers in small enterprises, the self-employed, family workers, temporary workers, and public sector workers, the surveys represent approximately one-half of South Korea's total nonagricultural labor force. The samples for each year are randomly drawn from the original surveys. The surveys cover all industries up through 1986. After 1986, agriculture, forestry, hunting, and fishing are excluded. This change in sampling procedure does not appear to cause a significant change in the types of nonfarm enterprises covered by the survey.

When adjusted for inflation, the 2024 federal minimum wage in the United States is over 40 percent lower than the minimum wage in 1970. Although the real dollar minimum wage in 1970 was only 1.60 U.S. dollars, when expressed in nominal 2024 dollars this increases to 13.05 U.S. dollars. This is a significant difference from the federal minimum wage in 2024 of 7.25 U.S. dollars.

Graph and download economic data for Real Median Personal Income in the United States (MEPAINUSA672N) from 1974 to 2023 about personal income, personal, median, income, real, and USA.

In 2023, the usual median hourly rate of a worker's wage in the United States was 19.24 U.S. dollars, a decrease from the previous year. Dollar value is based on 2023 U.S. dollars. In 1979, the median hourly earnings in the U.S. was 17.48 dollars.

In 2023, the median hourly earnings of wage and salary workers in the United States was 19.24 U.S. dollars. This is an increase from 1979, when median hourly earnings were at 4.44 U.S. dollars. Hourly Workers The United States national minimum wage is 7.25 U.S. dollars per hour, which has been the minimum wage since 2009. However, each state has the agency to set their state minimum wage. Furthermore, some cities are able to create their minimum wage. Many argue that the minimum wage is too low and should be raised, because it is not considered a living wage. There has been a movement to raise the minimum wage to 15 U.S. dollars per hour, called “Fight for 15” which began in the early 2010s. While there has been no movement at the federal level, some states have moved to increase their minimum wages, with at least three states and the District of Columbia setting minimum wage rates at or above 15 dollars per hour. More recently, some proponents of increasing the minimum wage say that 15 dollars is too low, and lawmakers should strive toward a higher goal, especially given that a 2021 analysis found that the minimum wage in the U.S. should be 22.88 U.S. dollars if it grew at the same rate as economic productivity. Salary Workers On the other hand, salary workers in the United States do not get paid on an hourly basis. The median weekly earnings of salary workers have significantly increased since 1979. Asian salary workers had the highest hourly earnings in the U.S. in 2021. Among female salary workers, those ages 45 to 54 years old had the highest median hourly earnings in 2021, likewise for male salary workers.

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 Panama Monthly Earnings

• Panama Monthly Earnings stood at 1,288 USD in Aug 2023, compared with the previous figure of 1,287 USD in Aug 2022
• Panama Monthly Earnings data is updated yearly, available from Aug 1970 to Aug 2023, with an average number of 520 USD
• The data reached the an all-time high of 1,422 USD in Aug 2018 and a record low of 198 USD in Aug 1970

CEIC converts Monthly Earnings into USD. The National Institute of Statistics and Census provides Average Monthly Earnings in local currency. The International Monetary Fund average market exchange rate is used for currency conversions. Monthly Earnings are in annual frequency, ending in August of each year.


Further information about Panama Monthly Earnings

• In the latest reports, Panama Population reached 5 million people in Jun 2024
• Unemployment Rate of Panama dropped to 7 % in Aug 2023
• The country's Labour Force Participation Rate increased to 62 % in Aug 2023

Graph and download economic data for Real Median Family Income in the United States (MEFAINUSA672N) from 1953 to 2023 about family, median, income, real, and USA.

Graph and download economic data for Labor Compensation: Earnings: All Activities: Monthly for China (LCEATT03CNA664N) from 1970 to 2014 about compensation, China, and earnings.

Graph and download economic data for Labor Compensation: Earnings: Private Sector: Monthly for Japan (LCEAPR03JPM661S) from Jan 1970 to Oct 2023 about compensation, sector, Japan, earnings, and private.

About 50.4 percent of the household income of private households in the U.S. were earned by the highest quintile in 2023, which are the upper 20 percent of the workers. In contrast to that, in the same year, only 3.5 percent of the household income was earned by the lowest quintile. This relation between the quintiles is indicative of the level of income inequality in the United States. Income inequalityIncome inequality is a big topic for public discussion in the United States. About 65 percent of U.S. Americans think that the gap between the rich and the poor has gotten larger in the past ten years. This impression is backed up by U.S. census data showing that the Gini-coefficient for income distribution in the United States has been increasing constantly over the past decades for individuals and households. The Gini coefficient for individual earnings of full-time, year round workers has increased between 1990 and 2020 from 0.36 to 0.42, for example. This indicates an increase in concentration of income. In general, the Gini coefficient is calculated by looking at average income rates. A score of zero would reflect perfect income equality and a score of one indicates a society where one person would have all the money and all other people have nothing. Income distribution is also affected by region. The state of New York had the widest gap between rich and poor people in the United States, with a Gini coefficient of 0.51, as of 2019. In global comparison, South Africa led the ranking of the 20 countries with the biggest inequality in income distribution in 2018. South Africa had a score of 63 points, based on the Gini coefficient. On the other hand, the Gini coefficient stood at 16.6 in Azerbaijan, indicating that income is widely spread among the population and not concentrated on a few rich individuals or families. Slovenia led the ranking of the 20 countries with the greatest income distribution equality in 2018.

Graph and download economic data for Real Median Household Income in New York (MEHOINUSNYA672N) from 1984 to 2023 about NY, households, median, income, real, and USA.