Which nations have the highest average incomes compared to the rest of the world? This is a question that you should ask yourself if you want to find job in another country in order to provide a better living for both you and your family. It is important to keep in mind that different nations each have their own own cultures, languages, industries, legislation, and working circumstances. If you want to receive a big pay, you may select from the options on the list depending on the abilities you possess, the amount of work experience you have, and your own personal preferences. The yearly earnings are reported in USD earned in the United States.
The nations with the highest average salaries around the globe
It is the least populous nation in Europe, with just 348,580 people, which is Iceland, which is located in Iceland. According to the Human Development Index maintained by the United Nations, Iceland is the ninth most developed nation in the whole globe. Renewable sources of power, in particular geothermal and hydroelectric, provide practically all of this nation's electricity needs.
The average yearly income comes in around $46,074
Principal economic activities include tourism, seafood processing, geothermal power generation, hydropower generation, aluminum smelting, and ferrosilicon manufacture.
The quality of life, medical care, and education in Belgium are all at extremely high levels. In addition to this, it is considered to be one of the most tranquil and secure nations in the whole globe. The majority of the population is bilingual in Dutch and French, whereas just a small portion speaks German. Belgium is well-known around the world for its fries topped with mayonnaise, waffles, chocolate, and beer (french fries are claimed to have originated here).
The average yearly salary comes in to $47 702
The top industries are processed food and drinks, engineering and metal goods, transportation equipment, motor vehicle assembly, chemicals, scientific instruments, textiles, glass, petroleum, and base metals. Other important industries include base metals, glass, and textiles.
The majority of the Canadian population lives in big and medium-sized cities, which contributes to the country's high level of urbanization. When compared to other countries, it has a good quality of life, education, economic freedom, government transparency, and civil freedoms, all of which earn it excellent rankings. It shares the record for the longest land border in the world with the United States, which stretches for 8,891 kilometers.
The average yearly income comes in around $47,843
The leading industries include petroleum and natural gas extraction, the manufacturing of transportation equipment, chemicals, food goods, fish products, paper and wood products, and both processed and raw mineral resources.
The country of Denmark may be found in northern Europe. The climate consists of warm winters and cold summers. The winters are rather pleasant. This nation has what is considered to be the highest minimum wage in the world. This is mostly because to the lack of a legally mandated minimum wage as well as the powerful influence of labor unions.
Income for the year on average: $50,024
Steel, nonferrous metals, chemicals, manufacturing, food processing, transportation equipment, textiles, electronics, construction, furniture, shipbuilding, windmills, and medicines are some of the leading industries.
Kangaroos and koalas are two of the most well-known native animals of Australia, sometimes known as "the Land Down Under." The Great Barrier Reef, which is the biggest coral reef in the world, can be found only a short distance off the shore of the northeastern coast of Australia. English is the de facto national language, and speakers have a unique accent while speaking the language.
The average yearly salary comes in at $50,167.
The most important industries include travel and tourism, financial services, mining, manufacturing, transportation equipment, chemicals, steel, and food processing.
The Netherlands, commonly known as Holland, received the sixth spot on the list of happiest countries in the world in 2017, according to the World Happiness Report compiled by the United Nations. This nation excels in areas such as public education, infrastructure, and healthcare for all of its citizens.
The typical yearly salary comes in around $50,670.
Agro-industries, electrical machinery and equipment, metal and engineering goods, chemicals, building, petroleum, microelectronics, and fisheries are among the most important industries in the country.
4. New Zealand
According to the International Monetary Fund and the World Bank, Norway has the fourth highest per capita income in the world. This nation is also ranked number one on the Globe Happiness Report, and it has one of the lowest rates of violent crime compared to other countries across the world.
$50 908 dollars is the average yearly income.
Petroleum and natural gas extraction, shipping, aquaculture, fishing, food processing, paper products, shipbuilding, chemicals, metallurgy, wood mining, and textiles are among the leading sectors.
Switzerland is well-known across the world for its timepieces, chocolate, and the Alps, of course. Chemicals, machinery, and electrical goods are among the other things that are exported in addition to precise instruments. Large international firms including Nestle, Novartis, Credit Suisse, UBS AG, Glencore, and Tetra Pak have their headquarters in this country as well. The Swatch Group is also headquartered here.
Average yearly income: $58,389
The primary economic activities include the production of machinery, watches, medicines, textiles, precision instruments, chemicals, tourism, banking, and insurance.
2. United States of America
The United States is responsible for around 25 percent of the total gross domestic product of the world. It is the third biggest nation in terms of land area and the third most populated country overall. The United States of America is regarded as a foremost political, cultural, and scientific force on the global stage. The United States of America is a melting pot of cultures, customs, and ideals due to the country's very diversified population.
58 714 dollars is the average yearly income.
Consumer goods, electronics, petroleum, steel, automobiles, telecommunications, food processing, aircraft, timber, mining, and chemical manufacturing are among the leading industries.
The Grand Duchy of Luxembourg is a very tiny nation in western Europe. But don't let the country's modest size fool you; this is an advanced economy and it has one of the greatest GDP per capita in the world. Don't be fooled by its size. The Grand Duchy of Luxembourg is landlocked and has land boundaries with three different countries: France, Germany, and Belgium. Luxembourgish, French, and German are recognized as the official languages of the country. Nearly half of the total population of 576,249 is made up of people from other countries.
Average yearly income: $60,369
The most important industries include banking and financial services, real estate services, construction, steel, metals, glass, aluminum, information technology, telecommunications, engineering, cargo transportation, chemical manufacturing, biotechnology, and tourism.