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.

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.

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.

The country with the highest minimum wage rate in Europe during the first half of 2025 was Luxembourg, with a minimum wage of 2638 euros. Ireland, the Netherlands, and Germany were the countries with the next highest minimum wages, all above 2000 euros a month, while Albania, Bulgaria, and Montenegro had the lowest minimum wages in the same period.

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.

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.

Luxembourg had the highest average annual wage in Europe in 2023, at approximately ****** U.S. dollars when adjusting for purchasing power parity (PPP). Greece, which had an average annual salary of less than ****** U.S dollars a year, had the lowest among the countries provided in this statistic.

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.

Table showing the country rankings based in the different metrics analysed

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

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.

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 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

Moldova had the highest net minimum monthly wage in the Commonwealth of Independent States (CIS) as of the beginning of 2024, at *** euros. The minimum wage in Azerbaijan ranked second, measuring at *** euros, closely followed by Russia. The lowest figure was recorded in Uzbekistan, where the minimum wage was just enough to cover basic food expenses. Why does the minimum wage get adjusted? The main idea behind the minimum wage is to improve the living standards of workers, particularly those in low-paid occupations. Furthermore, it strives to reduce the gender pay gap, promote workers’ effort, reduce the number of people in welfare programs, and increase consumption. Due to inflation and rising prices, governments occasionally review the minimum salary to maintain the purchasing power of their citizens. For example, Kazakhstan had one of the highest inflation rates in the CIS region in 2023, at around ** percent. Consecutively, the minimum wage in the country increased by approximately ** percent in that year. Is everyone guaranteed the minimum wage? Despite labor law protections in place, holding a job in an unregistered enterprise or working a non-declared job in a registered enterprise allows employees to circumvent minimum wage regulations. For instance, in Russia, employment in the informal sector made up less than a ***** of the total in 2022. The share of those working in industries unregulated by the state increased from the previous year due to the coronavirus (COVID-19) pandemic. In April 2021, over a ***** of surveyed Russians admitted to working reduced hours, being furloughed, or becoming unemployed, which made the gray economy sector the only viable option for thousands.

Belgium Average Monthly Salary data was reported at 3,886.000 EUR in 2021. This records an increase from the previous number of 3,832.000 EUR for 2020. Belgium Average Monthly Salary data is updated yearly, averaging 3,103.000 EUR from Sep 1999 (Median) to 2021, with 23 observations. The data reached an all-time high of 3,886.000 EUR in 2021 and a record low of 2,238.000 EUR in 1999. Belgium Average Monthly Salary data remains active status in CEIC and is reported by Directorate-General Statistics - Statistics Belgium. The data is categorized under Global Database’s Belgium – Table BE.G036: Average Monthly Salary.

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.

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.

Average net earnings in the European Union was ****** Euros for a single person with no children in 2022, while for a couple with children who both worked it was ****** Euros. Among countries in Europe, *********** was the country with the highest net earnings in 2022, followed by *******************************. The lowest net earnings were found in Bulgaria and Romania, where a single person without children earned on average less than ***** Euros in 2022.

The national minimum wage per month in Spain increased steadily over the last years. The minimum monthly wage grew by about 89 percent from 2008 to 2024, with salaries increasing from 600 euros a month to 1,134 euros a month in 2023. In 2019, the Socialist government of Spain passed a decree by which the national minimum wage would be given a boost of 164 euros, therefore making it stand at 900 euros per month as of that year, the largest increase to date.

Salaries in Spain

Along with the monthly wage, the national minimum daily wage also grew consistently over the past years, with the gross minimum standing at 37.8 euros a day in 2024 relative to 20 euros a day in 2008. Annual wages in Spain have however not followed this trend and fluctuated greatly during the same period. The highest average wage registered in Spain took place in 2009, year in which the mean salary amounted to over 30,000 euros a year after a period of ongoing growth. Spanish salaries however initiated a downtrend that prompted the average worker to earn approximately 29,113 thousand euros a year in 2022.

Salaries in Europe

Iceland ranked as the European country that featured the highest salaries in 2022, with an average wage of approximately 79,473 euros a year. Luxembourg and Switzerland followed second and third, with average salaries of 78,000 and 73,000 a year, respectively. In terms of growth, Portugal ranked as the country that saw the lowest decrease in salaries in 2022 compared to the previous year, with a development of -0.2 percent more relative to 2021, during that year, no European country registered an increase in real wages.