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This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar. The chart below reflects the average (mean) wage as reported by various data providers.
€1,934.40 (US$2288) per month, and €11.16 (US$13.2) per hour for persons 21 and older; between 30–80% (as low as €3.35 per hour) of this amount for persons aged 15–20. [171] An additional holiday allowance of 8% of the annual wage is paid in May or June, prorated for the time worked in the year.
List of countries by average wage; List of American countries by average wage; List of European countries by average wage; One-dollar salary; The average salary in India in 2020. U.S. average salaries by sector
In Germany, for example, the average weekly working time of a person not employed in agriculture and working full-time fell by almost 40 percent between 1870 and 2010. In developed countries, the average working time is therefore usually significantly shorter than in developing countries. However, there are exceptions.
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax . In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies .
If you’re a millennial, it probably won’t shock you to learn the average salary of a millennial today is an estimated 20% lower than that of a baby boomer.
Let’s take a closer look at the average salary by education level to see what dividends education pays.
A recent survey by Clever Real Estate found that while the average starting salary for college graduates is $55,260, current college students expect to make $103,880 at their first job.