The average wage is a measure for the financial well-being of a country's inhabitants. The average wages are adjusted to living expenses. The wage distribution is right-skewed; the majority of people earn less than the average wage. For an alternative measure, the Median household income uses median instead of average.
OECD statistics
International Labour Organisation (ILO) statistics
The average wage, calculated by the International Labour Organization (ILO), a United Nations agency dealing with labour issues, particularly international labour standards and decent work for all, 185 of the 193 UN member states are members of the ILO. It's a rough figure based on data from 72 countries, omitting some of the world's poorest nations. All figures are adjusted to reflect variations in the cost of living from one country to another. According to ILO the World average wage in Purchasing Power Parity dollars is $1,480.
UNECE 2011 statistics
Wages common currency (US$) estimates: are computed by converting national currency figures on the UNECE ( United Nations Economic Commission for Europe and Terms of Use) site into PPPs for private consumption, both for year 2011, which come from the OECD database under National Accounts.
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. For most countries wages cover total economy and are expressed per full-time equivalent employee. This enables comparison of different countries irrespective of the length of working time and the share of part-time and full-time workers.
Where data are not available in full-time units, it has been mentioned in the note for the corresponding country. In these cases, the wages are either expressed for full-time workers only or total wages are divided by the number of all employees including both full-time and part-time workers.
See also
- List of countries by GDP (PPP) per capita
- OECD
- International Ranking of Household Income
- Wages and Salaries
References
- ^ Gross income - Compulsory deductions = Disposable income
- ^ "Taxing Wages - Comparative tables: Average tax wedge, One-earner married couple at 100% of average earnings, 2 children". OECD.StatExtracts, stats.oecd.org. Organization for Economic Co-operation and Development, OECD. 2012. Retrieved 2015-02-20.Â
- ^ "Average annual wages, 2013 USD PPPs and 2013 constant prices". OECD.StatExtracts, stats.oecd.org. Organization for Economic Co-operation and Development, OECD. 2012. Retrieved 2015-02-20.Â
- ^ "Where are you on the global pay scale?". BBC News.Â
- ^ OECD. "OECD Statistics". oecd.org.Â
- ^ http://w3.unece.org/pxweb/dialog/varval.asp?ma=60_MECCWagesY_r&path=../database/STAT/20-ME/3-MELF/&lang=1&ti=Gross+Average+Monthly+Wages+by+Country+and+Year UNECE
External links
- GDP per capita by country Interactive GDP chart that allows filtering by various national groupings (such as NATO, EU, BRIC, ASEAN etc.)
- Database Central Europe; average wages in emerging markets