Explore how salaries vary drastically across 30 OECD countries in this eye-opening analysis. Visualized by Marcus Lu for Visual Capitalist, the data reveals surprising disparities from Luxembourg's lavish earnings to Mexico's stark contrasts. Adjusted for purchasing power parity (PPP), the findings showcase top-paying nations like the U.S. and Switzerland, where high living costs demand hefty incomes. Meanwhile, struggling economies like Greece and Mexico struggle with low-wage sectors, driving down average salaries. This snapshot of global earnings exposes the wide spectrum of economic opportunities and challenges worldwide.
Salaries differ between nations for a multitude of reasons, including labor regulations, economic development, and cost of living. Determining the global average income level can be challenging due to these factors.
In light of this, Marcus Lu of Visual Capitalist created a visual representation of the average yearly salary of 30 OECD nations after adju...
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