The average wage is a measure of total income after taxes divided by total number of employees employed. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). This is not to be confused with the average income which is a measure of total income including wage, investment benefit, and other capital gains divided by total number of people in the population including non-working residents. Average wages can differ from median wages; for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612.[1]

OECD statistics

The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees.

* Indicates "Economy of [country or territory]" links.

Development of average annual wages 2000–2022 (USD PPP)[2]
Country 2000 2010 2020 2022
 Iceland * 57,008 54,268 71,687 79,473
 Luxembourg * 64,217 71,085 74,839 78,310
 United States * 61,132 67,263 77,567 77,463
 Switzerland * 60,768 67,961 69,728 72,993
 Belgium * 60,929 63,295 63,677 64,848
 Denmark * 52,019 61,537 66,203 64,127
 Austria * 57,529 62,831 64,648 63,802
 Netherlands * 60,063 66,270 67,163 63,225
 Australia * 48,213 55,536 60,377 59,408
 Canada * 46,526 52,457 59,160 59,050
 Germany * 51,344 52,912 60,309 58,940
 United Kingdom * 44,967 52,455 53,612 53,985
 Norway * 36,444 47,531 52,415 53,756
 Ireland * 37,874 52,793 53,651 52,243
 Finland * 43,073 49,911 51,092 51,836
 New Zealand * 36,452 44,476 51,417 50,722
 Sweden * 37,651 45,337 51,214 50,407
 South Korea * 32,243 39,730 48,294 48,922
 Slovenia * 33,203 42,846 48,605 47,204
 Italy * 45,290 47,629 44,246 44,893
 Israel * 37,782 34,993 42,130 44,156
 Lithuania * 17,102 28,340 44,228 43,875
 Spain * 43,029 46,538 43,828 42,859
 Japan * 41,428 40,999 41,442 41,509
 Poland * 23,770 28,091 37,325 36,897
 Estonia * 14,254 24,461 35,128 34,705
 Latvia * 13,407 22,140 33,199 34,136
 Czech Republic * 20,070 28,648 35,552 33,476
 Turkey * 22,847 31,761
 Chile * 20,515 27,871 31,369
 Costa Rica * 18,160 21,062 31,341
 Portugal * 30,975 31,589 31,300 31,922
 Hungary * 17,969 24,005 27,588 28,475
 Slovakia * 16,381 22,642 27,052 26,263
 Greece * 29,797 35,454 27,747 25,979
 Colombia * 19,800 24,681
 France * 43,694 49,926 50,550 52,764
 Mexico * 17,311 17,618 17,467 16,685

UNECE statistics

The gross average monthly wage estimates for 2022 are computed by converting national currency figures from the United Nations Economic Commission for Europe (UNECE) Statistical Database, compiled from national and international (the CIS, Eurostat, the OECD) official sources. Wages in U.S. dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars.

Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. Wages cover the total economy and are expressed per full-time equivalent employee.[3]

* Indicates "Economy of [country or territory]" links.

Country Gross Average Monthly Wages in 2022 (USD, at current exchange rates)[4]
 Switzerland * 8,111
 Luxembourg * 6,633
 United States * 6,455
 Iceland * 6,441
 Norway * 5,665
 Denmark * 5,642
 Canada * 5,081
 Ireland * 4,642
 Netherlands * 4,581
 Belgium * 4,560
 Austria * 4,312
 United Kingdom * 4,179
 Finland * 4,090
 Germany * 3,984
 Sweden * 3,977
 France * 3,655
 Israel * 3,608
 Italy * 2,763
 Slovenia * 2,611
 Spain * 2,551
 Cyprus * 2,316
 Portugal * 1,781
 Estonia * 1,772
 Czech Republic * 1,770
 Lithuania * 1,628 (2020)
 Slovakia * 1,512
 Greece * 1,417
 Poland * 1,416
 Romania * 1,306
 Latvia * 1,303 (2020)
 Hungary * 1,189
 Bulgaria * 947
 Montenegro * 929
 Bosnia and Herzegovina * 927
 Serbia * 925
 North Macedonia * 813
 Kazakhstan * 673
 Belarus * 621
 Armenia * 541
 Georgia * 529
 Moldova * 508 (2021)
 Azerbaijan * 494
 Ukraine * 430 (2020)
 Albania * 364 (2019)
 Uzbekistan * 351
 Kyrgyzstan * 228 (2021)

See also

References

  1. ^ "Average wages, median wages, and wage dispersion".
  2. ^ "OECD.Stat: Average annual wages"
  3. ^ "Gross Average Monthly Wages by Country and Year (2020)". UNECE. Retrieved 24 August 2016.
  4. ^ "Gross Average Monthly Wages by Country and Year", UNECE.org