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Top 5 Countries That Pay The Highest Salaries In The World

| Published on November 14, 2018

An attractive and secure pay package is what draws most of the people towards a job in place of a business. But do you know that every country has a different scale for paying their employees? While some are average, some such, there are quite a few who are best in the world when it comes to salaries. Here is a look at 5 countries that are the best paymasters

Luxembourg

The recent data from World Bank shows that the banking and financial services, IT, real estate services and telecommunications dependent economy of Luxembourg tops the list of highest salaries in the world, excluding the Middle Eastern Countries.

 

Average Income: $62,636

Minimum Wage: $11.20 per hour

Average hours worked per week: 30

 

United States of America

Being the largest economy in the world, US GDP often equals the combined GDP of second, third and fourth largest economies that is China, Japan, and Germany. Hence the employees in the US enjoy very high pay packages as compared to other countries of the world

 

 

Average income: $60,154

Minimum Wage: $7.25 per hour

Average hours worked per week: 34.4

Switzerland

Switzerland has the second highest per-capita GDP in the world after Luxembourg as per a report from the World Bank. A very service sector led economy; Switzerland does take a lot of care of their employees

Average income: $60,124

No Minimum Wage

Average hours worked per week: 31

Australia

Well, Australia is definitely a place everyone wants to be in. It is the sixth largest country in the world area-wise, but in comparison has a fairly less population size. It is ranked at 13th position in the world economy wise and hence people here enjoy handsome pay packages.

Average income: $52,063

Minimum Wage: $10.90 per hour

Average hours worked per week: 32

Ireland

Despite a fluctuating economy, Ireland serves its employees pretty well.

Average income: $51,618

Minimum Wage: $12.54 per hour

Average hours worked per week: 39

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