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Average income around the world

The worldwide highest income is earned in Monaco. The smallest budget per capita exists in Madagascar. In our comparison over 88 countries, the USA comes 9th with an average income of 56,810 USD.

The average income is calculated by gross national income and population. On dividing all annual incomes and profits by the amount of the countrie's population, it will show the average income per capita. Included in this amount are all salaries and wages but also other unearned income on investments or capital gain.

Despite this calculation the average wage index in the US for 2013 is about 44,888 USD (~ 3740 USD/month).
RankCountryAverage income
annually
monthly

1Monaco186,080 $15,507 $
2Liechtenstein116,300 $9,692 $
3Norway82,440 $6,870 $
4Switzerland81,240 $6,770 $
5Luxembourg71,470 $5,956 $
6Macau64,580 $5,382 $
7Iceland56,990 $4,749 $
8Denmark56,990 $4,749 $
9United States56,810 $4,734 $
10Sweden54,590 $4,549 $
11Australia54,420 $4,535 $
12Singapore51,880 $4,323 $
13Ireland51,760 $4,313 $
14Netherlands46,640 $3,887 $
15Austria45,790 $3,816 $
16Finland45,050 $3,754 $
17Germany43,850 $3,654 $
18Canada43,660 $3,638 $
19Hong Kong43,240 $3,603 $
20United Kingdom42,330 $3,528 $
21Belgium41,820 $3,485 $
22United Arab Emirates40,480 $3,373 $
23New Zealand38,750 $3,229 $
24France38,720 $3,227 $
25Japan37,930 $3,161 $
26Israel36,240 $3,020 $
27Italy31,730 $2,644 $
28South Korea27,600 $2,300 $
29Spain27,600 $2,300 $
30Saudi Arabia21,720 $1,810 $
31Slovenia21,620 $1,802 $
32Portugal19,880 $1,657 $
33Greenland19,290 $1,608 $
34Greece19,090 $1,591 $
35Czech Republic17,540 $1,462 $
36Slovakia16,810 $1,401 $
37Chile13,540 $1,128 $
38Poland12,690 $1,058 $
39Hungary12,570 $1,048 $
40Croatia12,140 $1,012 $
41Argentina11,970 $998 $
42Venezuela11,760 $980 $
43Turkey11,230 $936 $
44Costa Rica10,840 $903 $
45Malaysia9,860 $822 $
46Russia9,720 $810 $
47Romania9,480 $790 $
48Mexico9,040 $753 $
49Brazil8,840 $737 $
50Kazakhstan8,810 $734 $
51China8,250 $688 $
52Bulgaria7,580 $632 $
53Equatorial Guinea7,180 $598 $
54Montenegro7,120 $593 $
55Cuba6,570 $548 $
56Colombia6,310 $526 $
57Peru5,950 $496 $
58Thailand5,640 $470 $
59Belarus5,590 $466 $
60South Africa5,490 $458 $
61Iran5,470 $456 $
62Serbia5,310 $443 $
63Macedonia4,980 $415 $
64Bosnia and Herzegovina4,940 $412 $
65Algeria4,220 $352 $
66Albania4,180 $348 $
67Kosovo3,850 $321 $
68Sri Lanka3,780 $315 $
69Philippines3,580 $298 $
70Egypt3,410 $284 $
71Indonesia3,400 $283 $
72Bolivia3,070 $256 $
73Morocco2,850 $238 $
74Nigeria2,450 $204 $
75Ukraine2,310 $193 $
76Moldova2,120 $177 $
77Vietnam2,100 $175 $
78Syria1,840 $153 $
79India1,670 $139 $
80Pakistan1,500 $125 $
81Ghana1,380 $115 $
82Kenya1,380 $115 $
83Bangladesh1,330 $111 $
84Nepal730 $61 $
85Ethiopia660 $55 $
86Afghanistan570 $48 $
87Democratic Republic of the Congo430 $36 $
88Madagascar400 $33 $



Official data is published by several organisations like World Bank, International Monetary Fund or the OECD on a regular basis. Unfortunately there are no standardized procedures to adjust inflation, currency fluctuations or real purchase power. Thats why each institution has its own ranking and varying results.

Therefore the data above is solely calculated by the quotient of gross national income and the country's population with the atlas method. For both values, we take the latest official figures which is regularly from the previous year (here: 2016). In some countries, these initial figures are not regularly collected or published. In this cases the data might be older or estimated.