The data (for 2009) covers 72 countries, and misses out some big ones, Nigeria, for example. Most of people work in the car industry. I think Singapore’s wage PPP should be higher than that but Hong Kong’s wage has been not very high in comparison with its GDP per capita level. Are you only intending to show the biggest or most famous? https://openknowledge.worldbank.org/handle/10986/25147?show=full, https://openknowledge.worldbank.org/handle/10986/24613. Switzerland has the second-highest per capita GDP, according to the World Bank’s 2016 numbers, and came in tenth place on FORBES ranking of the Best Countries For Business. Average Monthly Salary for 72 Countries in the World, http://www.praha.czso.cz/csu/2009edicniplan.nsf/engkapitola/0001-09-2009-1000, http://en.wikipedia.org/wiki/List_of_countries_in_Europe_by_monthly_average_wage, 2011 Top 15 Largest Stock Brokers Trading in Bursa Malaysia, ASB Unitholders Get Up to 7.00 sen Dividend & Bonus for 2018, ASW2020 Unitholders Get 6.0 sen Dividend for 2018, ASB2 Unitholders Get 7.75 sen Dividend for 2018, ASM Unitholders Get 6.25 sen Dividend for 2018. For a look at the ten nations whose students have the highest salary expectations, check out our slideshow below. Do you earn more or less than the world’s or Malaysia average salary/wage? This policy note reviews the literature on the effects of minimum wages on labor markets in developing countries. Minimum wages in developing countries tend to be set higher, are less likely to be rigorously enforced, and labor markets are often segmented into formal and informal sectors with minimum wage policy only covering formal workers. Which year? This Article is full of mistakes, Huge ones in fact. BUT if it is an average, then that 1% of billioners in the US “helped” to place this country in 4th place. Find Out, Online tool for visualization and analysis. Recently, United Nations’ International Labour Organization (ILO) published the average monthly salary or wage for the whole world & the average for 72 countries. The results show that the overall impacts of a minimum wage increase in the baseline scenario are likely to be modest, although the impacts for some groups may be stronger. It has never been an average pay 1756 dollars… But new graduates differ in their salary expectations, based on what they hold degrees in and, of course, where they live. This is an estimated value and it is very hard to compute because an apple iPhone may cost much more in turkey, but food, rent, haircut and other daily services may be much lower. Global data and statistics, research and publications, and topics in poverty and development. There, business students expect $74,400 in total annual compensation, while STEM students foresee being paid $75,300. ”Even industries that were traditionally dominated by business talent like the banking and financial sectors are trying to compete with the IT sector for STEM talent”. Looking at Universum’s survey results in terms of gender, male students on average expect to make more than their female counterparts in both the business and STEM categories. (300 dollars)…!!!!!! I agree with you. Use wikipedia which is much better http://en.wikipedia.org/wiki/List_of_countries_in_Europe_by_monthly_average_wage, This is a Joke a big one …………….. salery in Slovakia is for worker whom work on post office about 400 EURO soooooooooo this is big Joke. !..its only 100 dollars.. Can you read it properly? http://en.wikipedia.org/wiki/List_of_countries_in_Europe_by_monthly_average_wage. Given these differences and that most developing countries implement minimum wage policies, understanding their ... https://openknowledge.worldbank.org/handle/10986/30139. I appreciate that you write with supporting research report but does it corrected to PPP? This site uses cookies to optimize functionality and give you the best possible experience. I think that all of these people complaining that the chart is incorrect do not understand what “average” means. I live in Croatia,and i am a economist by proffesion. Maybe in your country are people who get more wage than you know. We have a picture, now, of what different types of students in different nations expect to earn, thanks to a recently released report from Universum Global, a human resources consulting firm. Indonesia has the second-lowest salary expectations among respondents to Universum’s survey. Overall, STEM degrees carry with them the promise of greater pay—at least that is the expectation among students. The medium salary in Brazil, by up, is around US$ 654. In addition, all figures are adjusted to reflect variations in the cost of living from one country to another. A free inside look at The World Bank salary trends based on 1,378 salaries wages for 356 jobs at The World Bank. Not 1700!! Something is wrong with the figures. Environmental and Social Policies for Projects. Oh!! Portugal for instance has a medium wage around 770 euros so it should be there! Malaysia was at number 45 out of 72 countries with average monthly salary … I believe that those 9 million Swedish live better that most of US citizens. You can say anything but without fact or extensive research, it is useless. Among the nations with the lowest salary expectations, students in Kazakhstan expect the lowest pay. Average wages 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 the average usual weekly hours per full-time employee to the average usually weekly hours for all employees. The average salary for The World Bank Group employees in Nigeria is ₦3,871,979 per year.