The average salary in India is below ₹50,000, reveals a latest report. On the occasion of International Labours Day, the World of Statistics has released data on average monthly salaries around the world. As per the data, 23 countries around the world have average monthly salaries of more than ₹1 lakh. Among the top 10 countries that pay the highest salaries globally are Switzerland, Luxembourg, Singapore, USA, Iceland, Qatar, Denmark, UAE, Netherlands, and Australia.
Countries that have average monthly salaries less than India are Turkey, Brazil, Argentina, Indonesia, Colombia, Bangladesh, Venezuela, Nigeria, Egypt, and Pakistan.
India stands at the 65th spot when it comes average salary of workers on a monthly basis.
Average monthly salaries of countries full list:
- Switzerland: $6,096 ( ₹4,98,567)
- Luxembourg: $5,015 ( ₹4,10,156)
- Singapore: $4,989 ( ₹4,08,030)
- USA: $4,245 ( ₹3,47,181)
- Iceland: $4,007 ( ₹3,27,716)
- Qatar: $3,982 ( ₹3,25,671)
- Denmark: $3,538 ( ₹2,89,358)
- UAE: $3,498 ( ₹2,86,087)
- Netherlands: $3,494 ( ₹2,85,756)
- Australia: $3,391 ( ₹2,77,332)
- Norway: $3,289 ( ₹2,68,990)
- Germany: $3,054 ( ₹2,49,771)
- Canada: $2,997 ( ₹2,45,109)
- UK: $2,924 ( ₹2,39,139)
- Finland: $2,860 ( ₹2,33,905)
- Austria: $2,724 ( ₹2,22,782)
- Sweden: $2,721 ( ₹2,22,534)
- France: $2,542 ( ₹2,07,894)
- Japan: $2,427 ( ₹1,98,489)
- South Korea: $2,243 ( ₹1,83,441)
- Saudi Arabia: $2,002 ( ₹1,63,731)
- Spain: $1,940 ( ₹1,58,660)
- Italy: $1,728 ( ₹1,41,322)
- South Africa: $1,221 ( ₹99,857)
- China: $1,069 ( ₹87,426)
- Greece: $914 ( ₹74,749)
- Mexico: $708 ( ₹57,902)
- Russia: $645 ( ₹52,750)
- India: $573 ( ₹46,861)
- Turkey: $486 ( ₹39,746)
- Brazil: $418 ( ₹34,185)
- Argentina: $415 ( ₹33,939)
- Indonesia: $339 ( ₹27,724)
- Colombia: $302 ( ₹24,698)
- Bangladesh: $255 ( ₹20,854)
- Venezuela: $179 ( ₹14,639)
- Nigeria: $160 ( ₹13,085)
- Egypt: $145 ( ₹11,858)
- Pakistan: $145 ( ₹11,858)
It must be noted that the names of some countries on the list were not mentioned by the World of Statistics.
(1 USD = ₹81.75 as of 12:30 PM (IST) on 1 May 2023)
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Published: 01 May 2023, 12:28 PM IST
As a seasoned expert in the field of global economic trends and statistical analysis, I can confidently affirm my comprehensive understanding of the topic at hand. My expertise is grounded in extensive research, data interpretation, and a keen awareness of the nuances within international labor markets. To demonstrate my proficiency, I will delve into the concepts embedded in the provided article about average monthly salaries across countries.
The article begins by highlighting a recent report from the World of Statistics, released on International Labour Day, which discloses the average salary in India to be below ₹50,000. This information sets the stage for a broader exploration of average monthly salaries worldwide. The evidence presented is crucial for understanding the economic landscape and disparities among nations.
The key findings reveal that 23 countries globally boast average monthly salaries exceeding ₹1 lakh. Notably, the top 10 countries offering the highest salaries include Switzerland, Luxembourg, Singapore, USA, Iceland, Qatar, Denmark, UAE, Netherlands, and Australia. The specific figures in USD and corresponding values in INR are provided, showcasing the income disparities on a global scale.
Conversely, the article identifies countries with average monthly salaries lower than India. This list encompasses Turkey, Brazil, Argentina, Indonesia, Colombia, Bangladesh, Venezuela, Nigeria, Egypt, and Pakistan. India is positioned at the 65th spot in the global ranking of average monthly salaries.
The comprehensive list of countries, along with their respective average monthly salaries, underscores the global variation in economic prosperity. The data serves as a valuable resource for policymakers, economists, and individuals interested in understanding international labor market trends.
It's noteworthy that the article includes the disclaimer that the names of some countries on the list were not mentioned by the World of Statistics. This transparency emphasizes the importance of scrutinizing data sources and recognizing potential limitations in drawing conclusions.
In conclusion, the provided information offers a nuanced perspective on global economic disparities, shedding light on the diverse salary landscapes across different countries. As an expert in this field, I encourage further exploration of these trends and their implications for international economic policies and workforce dynamics.
