Wednesday, April 17, 2024

Annual Income by Country 4-17-24

 Annual income includes all earned income. Gross annual wage is annual average salary.

This data reflects household income. Monaco has the highest Annual income with a population of 36.3 thousand in a popular European casino destination. Bermuda is also a small population tourist center. These are not normal economies.

The next group of countries with high Annual income have small populations of skilled citizens.  Norway has a population of 5 million. Switzerland has a population of 8.7million. Luxembourg is a banking center and has a population of 654 thousand. Ireland has a population of 5 million and a corporate tax at 12% and is the headquarters of most US companies selling to Europe. Higher Annual income and wages are a function of skilled, productive citizens and wise governments.

Country/Region

Ø Annual income

Ø Gross annual wage

Monaco

186,080 $

Bermuda *

125,210 $

Norway

95,520 $

68,071 $

Switzerland

95,490 $

97,258 $

Luxembourg

89,200 $

79,651 $

Ireland

79,730 $

55,742 $

United States

76,770 $

77,464 $

Denmark

73,520 $

67,745 $

Qatar

70,120 $

Iceland

68,660 $

87,334 $

Singapore

67,200 $

Sweden

63,500 $

47,786 $

Australia

60,840 $

64,326 $

Netherlands

60,230 $

55,012 $

Austria

55,720 $

51,773 $

Israel

55,140 $

49,036 $

Finland

54,930 $

49,113 $

Hong Kong *

54,370 $

Germany

54,030 $

47,836 $

Belgium

53,890 $

54,757 $

Canada

52,960 $

60,954 $

United Kingdom

49,240 $

50,209 $

United Arab Emirates

49,160 $

New Zealand

49,090 $

51,073 $

San Marino

47,120 $

France

45,290 $

43,888 $

Macao *

43,680 $

Japan

42,440 $

34,578 $

Italy

38,200 $

33,179 $

South Korea

36,190 $

36,086 $

Spain

32,090 $

30,636 $

Cyprus

31,520 $

27,789 $

Slovenia

29,590 $

31,348 $

Saudi Arabia

27,680 $

Estonia

27,120 $

22,804 $

Czechia

26,100 $

21,253 $

Portugal

25,950 $

21,386 $

Lithuania

23,870 $

25,390 $

Slovakia

22,070 $

18,159 $

Latvia

21,850 $

21,019 $

Greece

21,810 $

17,020 $

Hungary

19,010 $

14,306 $

Poland

18,900 $

17,013 $

Romania

15,570 $

15,677 $

Chile

15,360 $

19,759 $

Bulgaria

13,350 $

11,361 $

Costa Rica

12,920 $

17,841 $

China

12,850 $

Russia

12,750 $

Malaysia

11,830 $

Argentina

11,590 $

Mexico

10,820 $

9,859 $

Turkey

10,640 $

11,621 $

Montenegro

10,480 $

11,143 $

Kazakhstan

9,620 $

8,081 $

Serbia

9,290 $

11,103 $

Brazil

8,140 $

Bosnia and Herzegovina

7,660 $

11,120 $

Thailand

7,230 $

Belarus

7,210 $

7,452 $

South Africa

6,780 $

North Macedonia

6,660 $

9,758 $

Colombia

6,500 $

8,978 $

Ecuador

6,300 $

Armenia

5,960 $

6,489 $

Azerbaijan

5,660 $

5,929 $

Georgia

5,600 $

6,347 $

Moldova

5,500 $

6,094 $

El Salvador

4,720 $

Palestine

4,610 $

Indonesia

4,580 $

Ukraine

4,260 $

5,160 $

Egypt

4,100 $

Vietnam

4,010 $

Iran

3,980 $

Philippines

3,950 $

Morocco

3,670 $

Sri Lanka

3,610 $

Bangladesh

2,820 $

India

2,390 $

Uzbekistan

2,190 $

4,215 $

Nigeria

2,160 $

Zimbabwe

1,710 $

Cambodia

1,690 $

Cameroon

1,640 $

Haiti

1,610 $

Pakistan

1,560 $

Nepal

1,340 $

Myanmar

1,270 $

Sudan

760 $

Somalia

600 $

Afghanistan

380 $

https://www.worlddata.info/average-income.php

Comments

This post includes family income data from 92 countries. China and India have the largest populations. These are “low wage low cost” countries with large urban cities and vast rural farmlands. The lowest income countries are primarily in Africa, Asia and the Middle East. Family income is higher in developed countries with generational wealth, resources and high productivity. Citizen capability and incentives provide the motivation to maintain higher income. War and disruption have a devastating effect on family income.

Governments have a responsibility to support increases in productivity and provide food aid if necessary. Governments that don’t provide support for citizens’ families are inviting disruption. Countries with high GDP. low family income and high citizen abuse are asking for trouble from their citizens. This is not the case in countries where the citizens understand their countries’ limitations.

Inflation is disrupting most countries and its causes are clearly traceable to Biden’s war on fossil fuels to support the Climate Change Hoax invented by the UN. The Global Warming scam is clearly traceable to UN Agenda 21. There is no conclusive proof that CO2 in the atmosphere has any serious effect on weather. Solar activity is the culprit. We have seen little change in the cycles of weather events we’ve always seen.

Norb Leahy, Dunwoody GA Tea Party Leader

 

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