Switzerland has once again topped the global list of average monthly salary after tax, according to Numbeo, the world's largest cost of living database.

Numbeo - a Serbian crowd-sourced online database of perceived consumer prices, real property prices, and quality of life metrics - conducts a survey across the globe, asking the responders about their average monthly disposable salary after tax. The data collected by Numbeo, from May 2011 to February 2014, shows that Switzerland has the highest average monthly salary after tax, which is $6,187, while Egypt being the 99th country on the list reports an average monthly salary of $147.

Meanwhile, Bangladesh ranked 94th with a $257 average monthly salary.

The following list of 99 countries are ranked according to the average monthly disposable salary after tax deduction.

Research Summary: Whether you live in the US or not, it can be hard to imagine what the average global income of the world’s collective population would be. Though the average can be skewed by the highest or lowest income individuals, it’s still fascinating to examine the global statistics.

Overall, here are the insights our extensive research uncovered:

• The average global personal income is $9,733 per year.
• The average global household income is $12,235 per year.
• The median per-capita household income is only $2,920 per year.
• Making over $100,000 puts you in the top 10% of global earners, while making over $1 million puts you in the top 1%.

For further analysis, we broke down the data in the following ways:

Distribution of Global Wealth

Income Share of global adults <$10,000 53.2% $10,000-$100,000 33.8% $100,000-$1M 11.8% $1M+ 1.2%

Average Annual Income by Country

Average annual income varies a lot by country, with the average global income in some being very little and others exceedingly rich. To find out more, here are some of the most interesting findings:

• Monaco has the highest average annual income of $186,080. That means the average person in Monaco is in the top 10% of earners globally. Additionally, other counties among the top five include: Bermuda ($122,470), Switzerland ($90,600), Luxembourg ($88,190), and Norway ($83,880).
  Top 10 Countries By Average Income Country Average annual income Monaco $186,080 Bermuda $122,470 Switzerland $90,600 Luxembourg $88,190 Norway $83,880 Ireland $76,110 United States $70,930 Denmark $68,300 Singapore $64,010 Iceland $63,460
• The US ranks as the country with the 7th highest average income globally. This may very well be skewed, given that over 30% of all billionaires live in the US, and over 28% of households make less than $25,000 per year.
• Burundi has the lowest average annual income of $220. That equates to citizens earning only $18 monthly, or less than a dollar daily. Other counties among the bottom five include: Afghanistan ($390), Somalia ($430), South Sudan ($460), and Mozambique ($480).
  Bottom 10 Countries By Average Income Country Average annual income Burundi $220 Afghanistan $390 Somalia $430 South Sudan $460 Mozambique $480 Central African Republic $480 Madagascar $490 Sierra Leone $500 DRC $550 Niger $590

Average Purchasing Power Parity (PPP) by Country

While it might be shocking to analyze the disparities between average incomes worldwide, it’s important to note that average income on its own doesn’t tell the whole story. For instance, even if people of one country have higher than average incomes, this benefit would be negated by low purchasing power. Consider these interesting statistics:

• Luxembourg has the highest PPP by median annual income of $26,321. PPP, or Purchasing power parity, is highest in Luxembourg, meaning that the wealthier than average citizens in this country are also getting the most out of their income. Other countries with high PPP include: UAE ($24,292), Norway ($22,684), Switzerland ($21,490), and the United States ($19,306). Top 10 Countries By Median Annual Income PPP Country PPP (Purchasing power parity) Luxembourg $26,321 UAE $24,292 Norway $22,684 Switzerland $21,490 United States $19,306 Canada $18,652 Austria $18,405 Sweden $17,625 Denmark $17,432 Netherlands $17,154
• DRC has the lowest PPP by median annual income of $395. The DRC is one of the largest countries in Africa and has been struggling with poverty for some time. Other countries with low PPP include: Madagascar ($398), Burundi ($475), Malawi ($484), and Guinea-Bissau ($486). Bottom 10 Countries By Median Annual Income PPP Country PPP (Purchasing power parity) DRC $395 Madagascar $398 Burundi $475 Malawi $484 Guinea-Bissau $486 Central African Republic $491 Mozambique $529 Zambia $545 Uzbekistan $591 Rwanda $621
• Luxembourg has the highest GDP per capita PPP of $133,330. Luxembourg also has the highest GDP per capita PPP, which is the final value of all goods and services produced within the year, divided by the average population. Other countries with high GDP per capita PPP include: Singapore ($116,486), Ireland ($105,355), Qatar ($102,018), and Bermuda ($88,185). Top 10 Countries By GDP per capita PPP Country GDP per capita PPP Luxembourg $133,330 Singapore $116,486 Ireland $105,355 Qatar $102,018 Bermuda $88,185 Norway $80,535 Switzerland $77,121 UAE $76,609 Cayman Islands $74,155 United States $69,287
• Burundi has the lowest GDP per capita PPP of $774. Burundi has the lowest income and lowest GDP per capita PPP on earth, highlighting the county’s deep struggle with poverty. Other countries with low GDP per capita PPP include: the Central African Republic ($920), DRC ($1,179), South Sudan ($1,182), and Somalia ($1,249). Bottom 10 Countries By GDP per capita PPP Country GDP per capita PPP Burundi $774 Central African Republic $920 DRC $1,179 South Sudan $1,182 Somalia $1,249 Niger $1,304 Mozambique $1,348 Liberia $1,564 Chad $1,566 Madagascar $1,608

Global Income Over Time

Despite many countries still struggling with poverty, global income has increased exponentially over time. Here are some examples of how the global economy has grown:

• Average global income grew 2.7x richer between 1950-2023. The average income in 1950 was only $3,300 per year. This hit one of its highest peaks in 2016 when average global income reached $14,574 (4.4x richer. Today, the average global income is around $12,235 per year.
• Global median daily income increased by over 150% between 1990-2019. The global median daily income was only $2.95 in 1990. By 2019, that median reached $7.56, and while this might not seem like a lot, it’s a huge relative increase. Global Median Daily Income Over Time Year Median daily income 2019 $7.56 2018 $7.40 2017 $7.08 2016 $6.85 2015 $6.65 2014 $6.45 2012 $6.23 2011 $5.65 2010 $5.35 2009 $5.04 2008 $4.88 2007 $4.72 2006 $4.49 2005 $4.32 2004 $4.10 2003 $3.90 2002 $3.79 2001 $3.63 2000 $3.55 1999 $3.42
• The income of the top 1% of earners has grown 100x faster than the bottom 50%. The top 1% of earners have seen an $800,000 increase in average wealth within the past 50 years. That’s an astonishing 100x more than earners in the bottom 50%.

GDP per Capita by Country

GDP per capita isn’t the same as the average income, but it can provide some important insights as it relates to income. This is because GDP per capita measures the economic output of a nation per person. To find out more about where each country stands, here are the facts:

• Monaco has the highest GDP per capita of $234,315 Though not the most affordable, Monaco is a very wealthy country. Others among the bottom five countries with the highest GDP per capita include: Liechtenstein ($157,755), Luxembourg ($133,590), Bermuda ($114,090), and Ireland ($100,172). Top 10 Countries By GDP per Capita Country GDP per capita Monaco $234,315 Liechtenstein $157,755 Luxembourg $133,590 Bermuda $114,090 Ireland $100,172 Switzerland $91,992 Norway $89,154 Isle of Man $87,157 Cayman Islands $86,569 Channel Islands $75,153
• Burundi has the lowest GDP per capita of only $221 Burundi yet again tops our list, and not in a good way. Others among the top five countries with the lowest GDP per capita include: Afghanistan ($369), Somalia ($447), the Central African Republic ($461), and Sierra Leone ($480). Bottom 10 Countries By GDP per Capita Country GDP per capita Burundi $221 Afghanistan $369 Somalia $447 Central African Republic $461 Sierra Leone $480 Mozambique $492 Madagascar $500 Syrian Arab Republic $533 DRC $577 Niger $591

Average Household Income by Country

Average household income tends to be higher than personal income, as it’s typically the combination of two or more incomes. To find out which countries have the highest and lowest household incomes, here are some comprehensive facts:

• Luxembourg has the highest average household income of $52,493. Luxembourg has the highest average income for families, with others among the top five including: Norway ($51,489), Sweden ($50,514), Australia ($46,555), and Denmark ($44,360). Top 10 Countries by Average Household Income Country Average household income Luxembourg $52,493 Norway $51,489 Sweden $50,514 Australia $46,555 Denmark $44,360 United States $43,585 Canada $41,280 Netherlands $38,584 Finland $34,615 Germany $33,333
• Burundi has the lowest median household income of only $673. Others among the bottom five countries with the lowest household incomes include: Liberia ($781), Madagascar ($1,013), Rwanda ($1,101), and Zambia ($1,501). Bottom 10 Countries by Average Household Income Country GDP per capita Burundi $673 Liberia $781 Madagascar $1,013 Rwanda $1,101 Zambia $1,501 Benin $1,502 Burkina Faso $1,530 Togo $1,571 Mali $1,983 Sierra Leone $2,330

Global Income FAQ

1. What is the average income globally? The average income globally is $12,235 per year. This number relates to GDP per capita, being a measurement of the per-person contribution to a country’s economy. Household income is another measurement that can be used to estimate the average global income. The average household income worldwide is $9,733 per year.
2. What income is in the top 1% worldwide? An income of $1 million or more puts you in the top 1% worldwide. In the US, you need to make $1.697 million to be in the top 1%, which is fairly similar to the global average. The vast majority of the population, 87%, make less than $100,000 per year worldwide.
3. What country has the highest average income in the world? Monaco has the highest average income of $186,080 per year. This country also has the highest GDP per capita of $234,315, making it one of the richest countries on the planet. The only other country that sometimes tops the charts in this regard is Luxembourg, which has the highest average household income of $52,493, as well as the highest PPP by median annual income of $26,321.
4. What country has the lowest average income in the world?

   Burundi consistently ranks as having the lowest income in the world, with an average annual income of only $220 per year. Burundi is at the bottom by almost every metric, including:

   • A GDP per capita PPP of $774
   • A GDP per capita of $221
   • A median household income of $673 The only other country that ranked on the bottom was the DRC, which has the lowest PPP by the median annual income of only $395.

Conclusion

Many measurements can determine the average income in a country. From household income to GDP per capita, the disparity between different countries across the globe is massive.

Countries like Monaco and Luxembourg have some of the wealthiest citizens in the world, with averages of well over $100,000 per person. While countries like the DRC and Burundi still struggle with crippling poverty.

The US, while being among the richest countries, still only has the seventh-highest average annual income in the world.

While we still have a long way to go in terms of battling poverty, it’s also important to highlight just how far we’ve come. Average global income grew 2.7x richer between 1950-2023, from only $3,300 per year to $12,235 today.

What country has the highest average salary in the world?

Switzerland has once again topped the global list of average monthly salary after tax, according to Numbeo, the world's largest cost of living database.

Which 10 countries have the highest monthly income?

Among the top 10 countries that pay the highest salaries globally are Switzerland, Luxembourg, Singapore, USA, Iceland, Qatar, Denmark, UAE, Netherlands, and Australia. On the occasion of

LabourDay2023, the World of Statistics has released data on average monthly salaries around the world.

Which country has the highest wage rate in the world?

Luxembourg. Luxembourg offers the highest minimum wage of any country worldwide at US$3,169 (EUR 2,936) per month for skilled talent over the age of 18. Unskilled talent, or talent under the age of 18, receives a lower monthly minimum wage: Unskilled workers 18 years of age and older: US$2,641 (EUR 2,447)

What place has the highest average salary?

- San Francisco, California San Francisco is the highest paying city in our job listings, offering careers in entertainment, finance, technology and more.