Using recent data from the 퍼블릭 알바 Organization for Economic Cooperation and Development, we compiled a list of 10 countries around the world that pay their median wage highest. Australia is the only Southern Hemisphere nation to appear in a country-by-country ranking of the highest salaries in the world. The US not only has the largest economy in the world, it has the highest salaries as well. Apart from being one of the safest countries in western Europe, Austria has the highest paid salaries in the world.
Besides having the most beautiful nature, fjords, and clean cities, Norway is one of the highest paying countries in the world. Norway, land of the Fjords, has one of the highest standards of living and also the satisfaction in work of nurses. Norway is also top on the World Happiness Report, with one of the lowest crime rates in the world.
This country has consistently been ranked among the top three countries in the Human Development Index. The UNs Human development index ranks Iceland the 9th most developed country in the world. Netherlands, aka Netherlands, was the 6th happiest country in the world as of 2017, according to the UN World Happiness Report.
Denmark is known as a happy working nation, too, thanks to its high salaries and excellent working conditions. Apart from high salaries, Denmark is also one of the easiest countries in the world to conduct business. Spain is one of the best European countries to work because workers are paid comparatively higher salaries than other countries of the world. Wages are quite high, but Belgiums formal minimum wage and median salary are some of the highest in the world.
GPs in Belgium earn a median total compensation of EUR7,000 a month, which is among the highest paid salaries in the country. The salary for workers is on average around $68,000, which is among the highest globally. Employees in Norway make $54,027 per year, which is among the highest in the world.
The median workers annual salary is $66,567, which puts Switzerland at the third highest spot here. Switzerland, whose population is 8.3 million, is a thriving, dynamic nation, offering Swiss individuals one of the highest salaries on earth, with the average employee earning over $66,000. The Swiss economy is one of the worlds most developed and well-developed free-market economies. Although landlocked, the country has made great strides in a number of sectors, including finance, banking, chocolate, electronics, pharmaceuticals, watches, and tourism.
Luxembourg is a small nation of 632,000 people, yet is one of the richest and best-paid countries on earth. Do not let Luxembourgs diminutive size fool you; it is a developed economy with one of the worlds highest GDPs per capita. With a tiny population of a little more than 600.000 people, Luxembourg is also, by some measures, one of the highest paid countries in the world.
According to OECDs Global Report, a European country, namely Luxembourg, which has only 5.43 million inhabitants, gives the European countries, namely employees, a median salary of $6,1511 per annum, i.e. The average income of Luxembourg is about $53,000/year, but it has a 28% tax rate, giving all the good things that I mentioned earlier to Luxembourg citizens. The average income per year in Ireland is around $51,000, which is lower than Luxemburg, but Irelands yearly tax rate is just 18.9%, the lowest in Europe.
Like the Netherlands, Norway has universal healthcare and higher education, but that, of course, comes at a cost: Norwegians forgo nearly 30% of the median annual income ($31,101 USD).
Norway is among the most expensive places on earth, with the fourth highest per capita incomes in the world according to both the World Bank and IMF. Iceland is one of the smallest countries on Earth, at only 350,000 people, yet it is also one of the worlds most expensive. Denmarks minimum wage is undefined, but even so, Denmark has some of the lowest income inequality in the world. Canada has the highest minimum wages in the world, because there is no minimum wage law, and strong labor union influence.
Australia, the land of the Koala, Great Barrier Reef, and famous Sydney Opera House, is a costly country, with salaries that average more than $54,000, even for low-skilled jobs. The highest amount in the world is the United States.
The US, Switzerland, and Germany are in the top five countries paying top salaries for both fields, with Denmark being also top country for professionals working in the medical devices industry. The survey found Denmark is among the top paying countries for pharmacy professionals, paying the highest salaries to those working in research and development, and it is the third-highest paid country in the pharmaceutical production industry. Let us not forget, Denmark has the highest taxes on an individual basis in the world, so much of your Danish salary goes directly into government funds.
The Netherlands has one of the busiest and largest maritime ports in the whole of Europe, and this is also a big reason that the median salary of a Netherlander hovers at about $47,000 ($29,000 USD) per year. The Dutch economy is built on international trade, as it has the largest ports in Europe. The Netherlands has a good level of government education, infrastructure, and universal health care.