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.

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.

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.

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.

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 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 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.

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.

Kenya Average Wage Earnings data was reported at 894,232.800 KES in 2023. This records an increase from the previous number of 864,750.100 KES for 2022. Kenya Average Wage Earnings data is updated yearly, averaging 617,900.550 KES from Jun 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 894,232.800 KES in 2023 and a record low of 366,613.600 KES in 2008. Kenya Average Wage Earnings data remains active status in CEIC and is reported by Kenya National Bureau of Statistics. The data is categorized under Global Database’s Kenya – Table KE.G009: Average Wage Earnings: by Sector and Industry: International Standard of Industrial Classification Rev 4.

The average real wages worldwide saw *********** every year since 2006. However, in 2022, the aftermath of the COVID-19 pandemic and the rising inflation rates in led to a decrease in real average wages worldwide. In 2023, real global wage growth was positive again.

This dataset provides values for AVERAGE HOURLY EARNINGS 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.

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

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.

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

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 Vietnam Household Income per Capita

• Vietnam Annual Household Income per Capita reached 2,502.524 USD in Dec 2023, compared with the previous value of 2,409.689 USD in Dec 2022.
• Vietnam Annual Household Income per Capita data is updated yearly, available from Dec 1994 to Dec 2023, with an averaged value of 1,023.278 USD.
• The data reached an all-time high of 2,502.524 USD in Dec 2023 and a record low of 183.956 USD in Dec 1994.
• In the latest reports, Retail Sales of Vietnam grew 8.086 % YoY in Nov 2024.

CEIC converts Annual Household Income per Capita into USD. Annual Household Income per Capita is calculated from Monthly Average Household Income per Capita multiplied by 12. General Statistical Office provides Average Household Income per Capita in local currency. State Bank of Vietnam average market exchange rate is used for currency conversions.

Key information about Taiwan Household Income per Capita

• Taiwan Annual Household Income per Capita reached 16,605.530 USD in Dec 2023, compared with the previous value of 16,714.808 USD in Dec 2022.
• Taiwan Annual Household Income per Capita data is updated yearly, available from Dec 1984 to Dec 2023, with an averaged value of 9,995.654 USD.
• The data reached an all-time high of 17,102.731 USD in Dec 2021 and a record low of 1,969.348 USD in Dec 1984.
• In the latest reports, Retail Sales of Taiwan grew 1.668 % YoY in Feb 2022.

CEIC calculates Annual Household Income per Capita from annual Average Household Income and Average Household Size and converts it into USD. The Directorate-General of Budget, Accounting and Statistics, Executive Yuan provides Average Household Income in local currency and Average Household Size. Federal Reserve Board average market exchange rate is used for currency conversions.

In 2024, Iceland had the highest annual average net earnings among single people without children earning 100 percent of the average earnings in the Nordic countries, with approximately ****** euros annually. Meanwhile, Sweden and Finland had the lowest average earnings in the region with ****** and ****** euros annually, respectively. Average earnings in the Nordic countries are significantly higher than the EU average.