• Mapped: Average Wages in OECD Countries

    From a425couple@21:1/5 to All on Mon Feb 24 14:00:25 2025
    XPost: or.politics, alt.economics, soc.history.war.misc
    XPost: seattle.politics, alt.law-enforcement

    from
    https://www.visualcapitalist.com/mapped-average-wages-in-oecd-countries/

    Mapped: Average Wages in OECD CountriesPublished 4 days ago on February
    20, 2025
    By Govind Bhutada
    Article/Editing:
    Niccolo Conte
    See this visualization first on the Voronoi app.

    This infographic visualizes the highest and lowest average annual wages
    across 34 OECD countries, showing how wages vary globally.

    Mapped: Average Wages in OECD Countries
    This was originally posted on our Voronoi app. Download the app for free
    on iOS or Android and discover incredible data-driven charts from a
    variety of trusted sources.

    Salaries can vary widely across countries due to factors like economic productivity, cost of living, and purchasing power.

    Even within the Organisation for Economic Co-operation and Development (OECD)โ€”a group of mostly high-income economiesโ€”wages differ
    significantly, with some countries offering four times as much pay as
    others.

    This infographic uses data from the OECD to map the average annual wages
    across 34 member countries as of 2023. The OECD calculates average wages
    by dividing each countryโ€™s total annual wage bill by the average number
    of employees (full-time equivalent).

    Wage figures are presented in U.S. dollars after purchasing power parity
    (PPP) adjustments, which help account for cost-of-living differences
    between nations.

    Which Countries Have the Highest Wages?
    European countries dominate the highest-paying OECD job markets, with Luxembourg leading the pack at nearly $90,000 per year. With Iceland
    ($87K) and Switzerland ($83K), that makes Europe home to the top three highest-wage nations.

    Below is a detailed look at how average annual wages vary across 34 OECD nations:


    10
    entries per page
    Search:
    Rank Country Average Annual Wage (USD, PPP-adjusted, 2023)
    1 Luxembourg ๐Ÿ‡ฑ๐Ÿ‡บ $89,767
    2 Iceland ๐Ÿ‡ฎ๐Ÿ‡ธ $87,421
    3 Switzerland ๐Ÿ‡จ๐Ÿ‡ญ $83,332
    4 United States ๐Ÿ‡บ๐Ÿ‡ธ $80,115
    5 Belgium ๐Ÿ‡ง๐Ÿ‡ช $73,206
    6 Norway ๐Ÿ‡ณ๐Ÿ‡ด $71,972
    7 Austria ๐Ÿ‡ฆ๐Ÿ‡น $71,167
    8 Netherlands ๐Ÿ‡ณ๐Ÿ‡ฑ $70,185
    9 Denmark ๐Ÿ‡ฉ๐Ÿ‡ฐ $69,525
    10 Australia ๐Ÿ‡ฆ๐Ÿ‡บ $67,101
    Showing 1 to 10 of 35 entries
    Search:
    Rank Country Average Annual Wage (USD, PPP-adjusted, 2023)
    11 Canada ๐Ÿ‡จ๐Ÿ‡ฆ $66,211
    12 Germany ๐Ÿ‡ฉ๐Ÿ‡ช $65,719
    13 France ๐Ÿ‡ซ๐Ÿ‡ท $59,087
    14 OECD ๐ŸŒ $58,232
    15 New Zealand ๐Ÿ‡ณ๐Ÿ‡ฟ $58,097
    16 Sweden ๐Ÿ‡ธ๐Ÿ‡ช $57,996
    17 Finland ๐Ÿ‡ซ๐Ÿ‡ฎ $57,860
    18 United Kingdom ๐Ÿ‡ฌ๐Ÿ‡ง $57,617
    19 Ireland ๐Ÿ‡ฎ๐Ÿ‡ช $56,809
    20 Slovenia ๐Ÿ‡ธ๐Ÿ‡ฎ $55,660
    Rank Country Average Annual Wage (USD, PPP-adjusted, 2023)
    21 Spain ๐Ÿ‡ช๐Ÿ‡ธ $51,336
    22 Israel ๐Ÿ‡ฎ๐Ÿ‡ฑ $50,964
    23 Korea ๐Ÿ‡ฐ๐Ÿ‡ท $49,062
    24 Italy ๐Ÿ‡ฎ๐Ÿ‡น $48,874
    25 Lithuania ๐Ÿ‡ฑ๐Ÿ‡น $48,864
    26 Japan ๐Ÿ‡ฏ๐Ÿ‡ต $46,792
    27 Poland ๐Ÿ‡ต๐Ÿ‡ฑ $41,050
    28 Latvia ๐Ÿ‡ฑ๐Ÿ‡ป $38,740
    29 Portugal ๐Ÿ‡ต๐Ÿ‡น $37,500
    30 Estonia ๐Ÿ‡ช๐Ÿ‡ช $37,404

    Rank Country Average Annual Wage (USD, PPP-adjusted, 2023)
    31 Czechia ๐Ÿ‡จ๐Ÿ‡ฟ $37,366
    32 Slovak Republic ๐Ÿ‡ธ๐Ÿ‡ฐ $31,733
    33 Hungary ๐Ÿ‡ญ๐Ÿ‡บ $31,709
    34 Greece ๐Ÿ‡ฌ๐Ÿ‡ท $30,238
    35 Mexico ๐Ÿ‡ฒ๐Ÿ‡ฝ $20,474



    โ€น1234โ€บ
    The United States ($80K) and Australia ($67K) stand out as the only non-European countries in the top 10. Across all OECD countries, the
    average wage stands at around $58,000 per year.

    Comparing the highest- and lowest-wage countries reveals a stark
    difference. At the bottom of the list, Mexico has the lowest average
    wages of just over $20,000 per yearโ€”less than a quarter of what the
    average worker earns in Luxembourg.

    How Are Wages Changing?
    While wealthier nations consistently top the wage rankings, Eastern
    European countries have seen the fastest real wage growth over the past
    three decades.

    Specifically, Lithuania, Latvia, and Estoniaโ€”once part of the former
    Soviet blocโ€”have significantly increased wages since 1995, each by more
    than 200%.

    Meanwhile, the Netherlands, Italy, and Japan have seen the lowest real
    wage growth between 1995 and 2023. Japan stands out for stagnation, with
    its real wages falling by 4% since 1995.

    Learn More on the Voronoi App
    Which countries will see the fastest wage growth over this decade? Find
    out in this infographic on the Voronoi app: Projections: Annual GDP per
    Capita Growth Rates.

    Related Topics:united stateseuropeoecdwagesmexicosalaryaverage incomeluxembourgU.S.OECD productivityWage growthAnnual income
    Up NextMapped: The Worldโ€™s Lesser-Known Armed Conflicts
    Don't MissCharted: When Every Continentโ€™s Population Will Peak This Century

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)