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.

Context

This dataset provides information on the average wage in various countries. Understanding the average wage in different countries is essential for economic analysis, benchmarking, and comparisons. Researchers, analysts, and policymakers can use this dataset to gain insights into global income disparities, labor market conditions, and economic trends.

Country_Gross Average Monthly Wages in 2020

The dataset comprises two primary columns: "Country" and "Gross Average Monthly Wages in 2020 (US$, at current Exchange Rates)." Each entry in the "Country" column represents a distinct country or region, while the corresponding entry in the "Gross Average Monthly Wages" column denotes the average earnings in US dollars for the specified location in the year 2020.

Development of Average Annual Wages

The "Development of Average Annual Wages" dataset, available on Kaggle, offers a comprehensive collection of average annual wage data spanning from the year 2000 to 2022. This dataset is a valuable resource for researchers, analysts, economists, and data enthusiasts interested in understanding the economic trends and wage dynamics across various countries over the past two decades.

As of the first half of 2023, Australia had the highest net salaries in the Asia-Pacific region at an average ***** U.S. dollars per month. In contrast, the average monthly net salary in Pakistan amounted to *** U.S. dollars per month in the same period.

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.

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

This statistic illustrates the average wage per month in select countries in 2017 and with a projection to 2040. In 2040, it is estimated that the average monthly wage in the United States will be ***** U.S. dollars, an increase from ***** U.S. dollars in 2017.

Uruguay was the Latin American country with the highest average monthly salary as of 2024, with a net value of around ***** U.S. dollars per month, followed by Costa Rica, with *** U.S. dollars per month. Employment development areas in Latin America Following the recuperation in this sector after the job losses endured throughout the COVID-19 pandemic, the unemployment rate persists in its endeavor to stabilize. Informal employment remains as the predominant actor across most Latin American countries, serving as a primary avenue for economic sustenance. Notably, the construction sector has experienced substantial growth, outpacing other relevant industries like tourism and hospitality. Poverty Throughout the past two decades, poverty levels in Latin America remain unchanged. Honduras takes the lead as the country bearing the highest poverty rate, with nearly half of its population dwelling in these circumstances. Across the region, the prevalent delineation is that of individuals classified within the non-extreme and lower-middle poverty strata, characterized by modest income levels.

Key information about China Monthly Earnings

• China Monthly Earnings stood at 1,392 USD in Dec 2023, compared with the previous figure of 1,336 USD in Dec 2022
• China Monthly Earnings data is updated quarterly, available from Mar 2000 to Dec 2023, with an average number of 349 USD
• The data reached the an all-time high of 1,393 USD in Dec 2021 and a record low of 83 USD in Jun 2000

CEIC calculates Monthly Earnings from quarterly Earnings divided by 3 and converts it into USD. The National Bureau of Statistics provides year-to-date Average Wage in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Monthly Earnings cover urban population only.


Further information about China Monthly Earnings

• In the latest reports, China Population reached 1,410 million people in Dec 2023
• Unemployment Rate of China dropped to 5 % in Jun 2024
• The country's Labour Force Participation Rate dropped to 66 % in Dec 2023

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

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

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.

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.

Key information about Russia Monthly Earnings

• Russia Monthly Earnings stood at 1,256 USD in Dec 2024, compared with the previous figure of 861 USD in Nov 2024
• Russia Monthly Earnings data is updated monthly, available from Jun 1992 to Dec 2024, with an average number of 542 USD
• The data reached the an all-time high of 1,354 USD in Dec 2022 and a record low of 25 USD in Nov 1992

CEIC converts Monthly Earnings into USD. Federal State Statistics Service provides Average Nominal Wages in local currency. The Bank of Russia average market exchange rate is used for currency conversions.


Further information about Russia Monthly Earnings

• In the latest reports, Russia Population reached 146 million people in Dec 2024
• Unemployment Rate of Russia remained the same at 2 % in Jul 2024
• The country's Labour Force Participation Rate increased to 68 % in Feb 2024

Key information about Indonesia Monthly Earnings

• Indonesia Monthly Earnings stood at 187 USD in Dec 2024, compared with the previous figure of 190 USD in Dec 2023
• Indonesia Monthly Earnings data is updated yearly, available from Dec 1991 to Dec 2024, with an average number of 103 USD
• The data reached the an all-time high of 192 USD in Dec 2022 and a record low of 34 USD in Dec 1998

CEIC shifts year-end for annual Monthly Earnings. CEIC converts Monthly Earnings into USD. Statistics Indonesia provides Monthly Average Wage in local currency. The Bank of Indonesia average market exchange rate is used for currency conversions. Monthly Earnings are reported in annual frequency, ending in August of each year.


Further information about Indonesia Monthly Earnings

• In the latest reports, Indonesia Population reached 275 million people in Dec 2022
• Unemployment Rate of Indonesia dropped to 5 % in Aug 2024
• The country's Labour Force Participation Rate increased to 71 % in Aug 2024

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.

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

Of the seven largest developed economies, in 2023, the United States had the highest average wage by a significant margin at over 77,000 U.S. dollars per year. Canada had the second highest annual average wages, followed by Germany. Meanwhile, Japan had the lowest average wages out of the seven largest developed economies.

Key information about Georgia Monthly Earnings

• Georgia Monthly Earnings stood at 758 USD in Sep 2024, compared with the previous figure of 732 USD in Jun 2024
• Georgia Monthly Earnings data is updated quarterly, available from Mar 2007 to Sep 2024, with an average number of 426 USD
• The data reached the an all-time high of 759 USD in Dec 2023 and a record low of 187 USD in Mar 2007

CEIC converts Monthly Earnings into USD. The National Statistics Office of Georgia provides quarterly Monthly Average Gross Salary in local currency. The National Bank of Georgia average market exchange rate is used for currency conversions.


Further information about Georgia Monthly Earnings

• In the latest reports, Georgia Population reached 4 million people in Dec 2023
• Unemployment Rate of Georgia dropped to 16 % in Dec 2023
• The country's Labour Force Participation Rate increased to 53 % in Dec 2023

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2025, workers in the Central American country enjoy a basic monthly wage of over 726 U.S. dollars, an increase of 2.37 percent compared to the previous year. They also earn over 200 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than 2.50 dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.