When it comes to deciding which country to move to, one of the most important factors to consider is how much money it is possible to earn whilst working there. Certain locations strive in different industries depending on their climate, population and ultimately the economy. The average salary is a measure of total income after taxes divided by total number of employees employed.
Average annual salaries per full-time equivalent dependent employee 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 average usual weekly hours per full-time employee to average usually weekly hours for all employees.
Here are the top 20 countries with the highest salaries in the world.
Rank | Country | Average salary per year |
1. | Luxembourg | $68,681 |
2. | Iceland | $68,006 |
3. | Switzerland | $66,567 |
4. | United States | $65,836 |
5. | Denmark | $57,150 |
6. | Netherlands | $56,552 |
7. | Belgium | $55,590 |
8. | Australia | $54,401 |
9. | Norway | $54,027 |
10. | Austria | $53,903 |
11. | Germany | $53,636 |
12. | Canada | $53,198 |
13. | Ireland | $50,490 |
14. | United Kingdom | $47,226 |
15. | Sweden | $46,695 |
16. | France | $46,481 |
17. | Finland | $45,698 |
18. | New Zealand | $44,031 |
19. | South Korea | $42,285 |
20. | Slovenia | $40,220 |