The UK may be slipping down the world league table of the world’s richest countries, having recently been overtaken by Brazil, but when measured in terms of GDP per person or on average pay Britain still ranks in the top five.
If you have ever wondered why people in wealthy countries, such as China, Brazil and India, still want to come to the UK to live, work or study, the ‘world average wage’ league table may provide an answer.
Brazil may have risen to 7th in world wealth rankings largely due to its mineral resources, but the average salary of its citizens languish at 51, below Mauritius, Panama and Romania.
The Philippine economy relies heavily on its overseas workers (OFW’s), but back at home the average salary is just $279 per month, just below India.
Do you earn more or less than the world’s average wage, estimated at $1480? Type in your monthly salary on the BBC website to get the answer the answer.
The average wage, calculated by the International Labour Organization, is published by the BBC for the first time. It’s a rough figure based on data from 72 countries, omitting some of the world’s poorest nations.
All figures are adjusted to reflect variations in the cost of living from one country to another, and as Ruth Alexander of BBC radio’s More or Less programme underlines, it’s all about wage earners, not the self-employed or people on benefits.
List of countries with wages in Purchasing Power Parity Dollars.
|Korea (Republic of)||2903|
|Hong Kong (China)||1545|
|Bosnia & Herzegovina||1338|
|Moldova (Republic of)||438|
|Syrian Arab Republic||364|