Top 10 Countries with Highest Salaries
The OECD (Organization for Economic Co-operation and Development) carries out a comprehensive data based research on average annual wages for full-time and full-year equivalent employees in the total economy. The outcome of this research gives us a rough approximation of the average salaries of people in different countries around the world. For the past few years, it has been revealed that most of the countries with higher average salaries are in Europe. For decades, EU Countries like Switzerland, Norway, Luxembourg, Denmark, etc. have always dominated this list due to the higher pay received by the employees in these countries.
10. BELGIUM
One of the smallest European countries, Belgium is referred to as one of the best countries for expats to live and work in. Due to the high average salaries, a lot of students tend to pursue Masters from the Belgian universities. Although taxes in Belgium are one of the highest in Europe, the higher salaries and the work culture makes up for that. Moreover, many companies offer additional benefits to employees who are willing to work in Belgium.
9. IRELAND
Ireland has one of the best study atmospheres in the world. Working in Ireland guarantees you four weeks of paid leave every year, plus all the public holidays. Ireland’s cities are exciting cultural centers and you are never far from beautiful countryside and coastlines. The Irish are very welcoming and friendly and the social life is great. Also, Ireland has the 4th highest minimum wage in the world, so high salaries are guaranteed even while doing part time jobs.
8. AUSTRALIA
Australia is the only country along with the USA which makes it to this year’s top 10 list of countries with the highest salaries in the world. The land down under boasts one of the best career opportunities for graduates. But do keep in mind that living in Australia can be on the expensive side due to higher living costs in Australian cities of Melbourne, Sydney and Adelaide.
7. DENMARK
The average salaries in Denmark has declined in the past few years. Denmark used to dominate the highest salaries chart in Europe with always being in the top 3 spots, but this year it has dropped down to no. 7 on the chart. Still, Denmark is one of the best places to work in for expats and entrepreneurs with it’s calm and peaceful atmosphere.
6. NETHERLANDS
Netherlands is one of the most beautiful European countries. Home to mesmerizing cities like Amsterdam, the Hague and Rotterdam, many Hollywood movies are shot in the Netherlands. Moreover, it’s a popular tourist destination with more than 40 million tourists visiting Netherlands every year. Netherlands boast the highest salary from the Eastern Europe with average salaries of more than 50,000$. Also, the living costs are low but do keep in mind the higher taxation system in Netherlands.
5. NORWAY
Norway has always boasted higher salaries among the European countries. It’s one of the best countries to study in for International students due to free education and the availability of quality education and profounding careers in the field of technology and life sciences. It is best suited for technology geeks who want to build a solid professional foundation in the field of technology.
4. ICELAND
Not much is known about this small country which remains frozen almost the entire year. But when the average salaries are in the 60,000$ range, there is nothing left to complain about this country. Also, the beautiful sceneries form the wallpapers of many laptops around the world. The country who got famous by (false) rumours that it’s government is offering 5,000$ to anyone who marries an Icelandic woman and settle in the country, the no. of people landing on Iceland’s shore are increasing day by day.
3. SWITZERLAND
Switzerland has served as a money pit for millionaires for many years. Being a tax heaven for the rich, Switzerland is known to have one of the highest salaries in Europe. Average salaries are always around the 60,000$ ball park. Switzerland has one of the strictest immigration laws in the world and getting a work permit is one of the most difficult task for expats.
2. UNITED STATES
The USA is the only country other than Australia which is a part of this list. Salaries in the USA is one of the highest in the world, attracting more than 300,000 work permit applications every year from around the world. The laws governing employment to immigrants are one of the toughest in the world due to the vast no. of people who want to migrate and settle in the USA.
1. LUXEMBOURG
This might come as a surprise to many people, but the highest salaries in any country in the world are in Luxembourg, with average salaries around the 80,000$ ball park. The small country of Luxembourg is situated between France in the south and Germany in the north. The official language of Luxembourg is German. Education in Luxembourg is generally free with universities charging only a small maintenance fee from International students.
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