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List of Average Wages per Country

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The average wage is a measure for the financial well-being of a country's inhabitants. A similar measure is GDP per capita. However, GDP (on the income side) = compensation of employees + gross operating surplus/mixed income + taxes on production - subsidies. This way, various components increase the GDP that are not directly contributing to the well-being of citizens. In particular, the gross operating surplus consists of corporate profits, which is money that companies save, reinvest, or pay to their shareholders in the form of dividends (who may be located outside the country). Even in the case of reinvestment, much of the money moves offshore, especially with larger multi-national companies. In order to measure the part of the income generated by the domestic economy that is actually earned by the employees, it is better to break down the GDP to its components and consider only wages and salaries.

MethodologyEdit

The data presented represents full-time average annual gross wages and salaries in the entire economy. The figure is derived by taking the national accounts aggregate of wages and salaries, dividing them by the national accounts aggregate for average employment, and multiplying by the ratio of average weekly working hours per full-time employee to average weekly working hours for all employees. The calculations were made by the OECD.[1] Wages and salaries are a component of the GDP on the income side.

Since PPP conversion is a universally accepted way to compare income (including wages), the data listed are in PPPs (for private consumption).[citation needed]

Average full time wages (PPP)Edit

Rank Country 2007 $ PPP
1 Template:Country data Luxembourg 49,663
2 Template:Country data United States 49,483
3 Template:Country data Ireland 44,013
4 Template:Country data Switzerland 42,980
5 Template:Country data Netherlands 42,514
6 Template:Country data Australia 42,019
7 Template:Country flag2 40,825
8 Template:Country data Belgium 40,591
9 Template:Country data Norway 40,177
10 Template:Country data Denmark 39,143
11 Template:Country flag2 38,682
12 Template:Country data France 35,430
13 Template:Country data Germany 35,292
14 Template:Country data Sweden 33,586
15 Template:Country data Japan 31,773
16 Template:Country data Finland 31,211
17 Template:Country data Italy 29,198
18 Template:Country data Spain 28,871
19 Template:Country data South Korea 27,587
20 Template:Country data Greece 26,929
21 Template:Country data Hungary 21,161
22 Template:Country data Czech Republic 18,922
23 Template:Country data Portugal 18,300
24 Template:Country data Poland 15,446

See alsoEdit

ReferencesEdit

External linksEdit


Template:GDP country lists

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