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.

In 2023, the United States had the highest gross household disposable income per capita in OECD countries adjusted for purchasing power parity. Their disposable income per capita was over 58,000 U.S. dollars. Luxembourg followed in second with around 50,500 U.S. dollars, with Switzerland in third.

The average for 2023 based on 62 countries was 56418 U.S. dollars. The highest value was in Luxembourg: 130491 U.S. dollars and the lowest value was in Palau: 15797 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

The average for 2023 based on 183 countries was 26826 U.S. dollars. The highest value was in Luxembourg: 130491 U.S. dollars and the lowest value was in Burundi: 829 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

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.

Ireland IE: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: 2011 PPP per day data was reported at 23.180 Intl $/Day in 2014. This records an increase from the previous number of 22.900 Intl $/Day for 2009. Ireland IE: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: 2011 PPP per day data is updated yearly, averaging 23.040 Intl $/Day from Dec 2009 (Median) to 2014, with 2 observations. The data reached an all-time high of 23.180 Intl $/Day in 2014 and a record low of 22.900 Intl $/Day in 2009. Ireland IE: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: 2011 PPP per day data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ireland – Table IE.World Bank: Poverty. Mean consumption or income per capita (2011 PPP $ per day) used in calculating the growth rate in the welfare aggregate of the bottom 40% of the population in the income distribution in a country.; ; World Bank, Global Database of Shared Prosperity (GDSP) circa 2010-2015 (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).; ; The choice of consumption or income for a country is made according to which welfare aggregate is used to estimate extreme poverty in PovcalNet. The practice adopted by the World Bank for estimating global and regional poverty is, in principle, to use per capita consumption expenditure as the welfare measure wherever available; and to use income as the welfare measure for countries for which consumption is unavailable. However, in some cases data on consumption may be available but are outdated or not shared with the World Bank for recent survey years. In these cases, if data on income are available, income is used. Whether data are for consumption or income per capita is noted in the footnotes. Because household surveys are infrequent in most countries and are not aligned across countries, comparisons across countries or over time should be made with a high degree of caution.

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.

Worldwide, Luxembourg has the highest net national income per capita, reaching nearly 78,000 U.S. dollars in 2021. Norway and Switzerland followed behind. When adjusting for pruchasing power parity (PPP), Bermuda has the highest average income or wealth per adult worldwide.

Serbia RS: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 12.400 % in 2021. This records a decrease from the previous number of 14.600 % for 2020. Serbia RS: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 18.700 % from Dec 2012 (Median) to 2021, with 10 observations. The data reached an all-time high of 21.600 % in 2014 and a record low of 12.400 % in 2021. Serbia RS: Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Serbia – Table RS.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

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.

Bermuda has the highest average income per adult in the world, reaching over 100,000 euros when accounting for purchasing power parity (PPP). Isle of Man and Qatar followed behind.

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

China Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 11.600 % in 2021. This records a decrease from the previous number of 11.900 % for 2020. China Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 15.100 % from Dec 1990 (Median) to 2021, with 19 observations. The data reached an all-time high of 19.500 % in 2010 and a record low of 8.900 % in 1990. China Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

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.

The Gross Domestic Product per capita in China was last recorded at 22137.60 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in China, when adjusted by Purchasing Power Parity is equivalent to 125 percent of the world's average. This dataset provides - China GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Saudi Arabia had the highest average income per adult of the G20 in terms of purchasing power parity (PPP) in 2022. It was also the country with the 10th highest average income worldwide that year. Meanwhile, India recorded the lowest average income at 8,000 PPP euros.

Slovakia SK: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data was reported at -0.620 % in 2015. Slovakia SK: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data is updated yearly, averaging -0.620 % from Dec 2015 (Median) to 2015, with 1 observations. Slovakia SK: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Slovakia – Table SK.World Bank.WDI: Poverty. The growth rate in the welfare aggregate of the bottom 40% is computed as the annualized average growth rate in per capita real consumption or income of the bottom 40% of the population in the income distribution in a country from household surveys over a roughly 5-year period. Mean per capita real consumption or income is measured at 2011 Purchasing Power Parity (PPP) using the PovcalNet (http://iresearch.worldbank.org/PovcalNet). For some countries means are not reported due to grouped and/or confidential data. The annualized growth rate is computed as (Mean in final year/Mean in initial year)^(1/(Final year - Initial year)) - 1. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported. The initial year refers to the nearest survey collected 5 years before the most recent survey available, only surveys collected between 3 and 7 years before the most recent survey are considered. The final year refers to the most recent survey available between 2011 and 2015. Growth rates for Iraq are based on survey means of 2005 PPP$. The coverage and quality of the 2011 PPP price data for Iraq and most other North African and Middle Eastern countries were hindered by the exceptional period of instability they faced at the time of the 2011 exercise of the International Comparison Program. See PovcalNet for detailed explanations.; ; World Bank, Global Database of Shared Prosperity (GDSP) circa 2010-2015 (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).; ; The comparability of welfare aggregates (consumption or income) for the chosen years T0 and T1 is assessed for every country. If comparability across the two surveys is a major concern for a country, the selection criteria are re-applied to select the next best survey year(s). Annualized growth rates are calculated between the survey years, using a compound growth formula. The survey years defining the period for which growth rates are calculated and the type of welfare aggregate used to calculate the growth rates are noted in the footnotes.

In 2022, Luxembourg had the largest gross domestic product (GDP) per capita at purchasing power parity. The country ranked first with a PPP-adjusted GDP per capita of about 141,000 international dollars. Ireland and Singapore followed in the places behind.

SI.SPR.PCAP. Mean consumption or income per capita (2017 PPP $ per day) used in calculating the growth rate in the welfare aggregate of total population. The World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially-recognized international sources. It presents the most current and accurate global development data available, and includes national, regional and global estimates.

SI.SPR.PCAP. Mean consumption or income per capita (2017 PPP $ per day) used in calculating the growth rate in the welfare aggregate of total population. The World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially-recognized international sources. It presents the most current and accurate global development data available, and includes national, regional and global estimates.