Data on average monthly income for countries around the world (total, ages 15-64, 2010 purchasing power parity) and a graph of the top countries

Abstract

In recent years, the global economy has seen a wide variation in employment wages from country to country. According to 2020 data, the average monthly income in South Africa is $509 USD, which reflects the country’s unique economic situation. Although South Africa has abundant mineral resources, it faces problems such as high unemployment and economic disparity, as well as sluggish and unstable wages. On the other hand, compared to other countries, there are clear regional differences in wage levels. Wages are generally higher and living standards are improving in developed countries, but wages remain low in developing countries. This situation is due to differences in labor market structures and economic policies, such as labor rights protection and education levels, which have a direct impact on wages. Additionally, recent technological advances and automation are leading to rising wages for certain occupations while shrinking traditional labor markets. This could also lead to increased pressure on workers to learn new skills and widen the wage gap. Overall, wage trends are closely related to economic growth and social factors, and future changes will be noted with interest.

Average monthly income (total, 15-64 years old, 2010 purchasing power parity)

The world average monthly income between 1991 and 2020 reflects changing economic conditions and policies across countries and regions. In particular, Türkiye’s record high of 609 USD in 2004 was indicative of its economic growth during that period. However, current monthly incomes in Turkey are just 156% of their peak, highlighting the effects of economic instability and inflation. Many countries outside of Turkey also experienced a period when wages rose amid economic growth, but subsequent economic crises and global recession have seen wage growth stagnate. Particularly in developing countries, rising wages often do not necessarily translate into improved living standards, and there is a growing tendency for economic inequality to widen. And while technological advances and automation are boosting wages in some jobs, they are also creating pressure on workers in more traditional occupations. There are also concerns that this could widen the wage gap between highly skilled and less skilled workers. Overall, the data from the past 30 years shows that national economic policies and global economic trends have a significant impact on wages, and future wage trends require careful attention.

The maximum is 609MUSD[2004] of Turkey, and the current value is about 156μ%

Average monthly income (total, 15-64 years old, 2010 purchasing power parity) (worldwide)

The average monthly income data from 1991 to 2020 reflects the country’s economic growth and changing social conditions. Turkey’s record of 609 USD in 2004 symbolized rapid economic growth at the time, but today it stands at just 156% of that level, weighed down by inflation and unstable economic policies. Overall, developed countries have seen steady wage increases, while developing countries continue to struggle to reap the full benefits of economic growth. In particular, the global economic crisis and regional conflicts have contributed to slowing wage growth. Furthermore, while technological advances such as automation and digitalization are creating new jobs, they are also causing the disappearance of traditional jobs. This change has polarised the labour market and widened the wage gap between high-skilled and low-skilled workers. Overall, wage trends over the past three decades show a complex interplay between economic growth and social factors, and a variety of factors are expected to continue to influence wages in the future.

The maximum is 609MUSD[2004] of Turkey, and the current value is about 156μ%

Average monthly income (total, 15-64 years old, 2010 purchasing power parity) (worldwide, latest year)

According to 2021 data, the average monthly income is 391 USD, with the highest overall being Thailand’s 837 USD, reflecting the economic situation and growth stage of each region. Thailand in particular’s 837 USD represents economic growth among ASEAN countries, with the development of the tourism and export industries contributing to this. With the overall average at 391 USD, it is clear that wage disparities between countries remain significant. In developing countries, low wages continue to prevail and improving living standards remains a challenge. Job insecurity and wage stagnation are especially prevalent in countries affected by the economic crisis and the pandemic. Another important factor is the impact of technological advances on wages. As digitalization advances, demand for high-skilled jobs is increasing, but wage growth for low-skilled jobs continues to stagnate. As such, the labour market is becoming more polarised and there is a growing risk of wage inequality widening. Overall, the 2021 data suggests that future wage trends will require close monitoring amid a mix of economic growth achievements and challenges. In particular, regional disparities and the impact of technology will be important themes in future economic policy.

The maximum is 837USD of Thailand, the average is 391USD, and the total is 1.57kUSD

Average monthly income (total, 15-64 years old, 2010 purchasing power parity) (region, latest year)

Data from 2008 shows that the average monthly income is 172 USD, with the Central African Republic having the highest average. This situation reflects the country’s serious economic problems and social instability, with low wages being a long-standing challenge. In particular, political instability, lack of infrastructure and low levels of education are preventing wage increases. The low overall average of USD 172 is a common feature in developing countries and indicates that economic growth often does not translate into wages. This period was also affected by the global financial crisis, which led to employment instability in many countries and slowed wage growth. In addition, the structure of the labour market also plays a role. Many workers rely on non-regular employment or agriculture, meaning they are unable to earn stable wages. In this way, low wages are an obstacle to economic development and a factor in widening social disparities. Data from 2008 shows that economic inequality and labour market challenges are having a significant impact on wages, suggesting that improvements in education and infrastructure are essential to sustained growth.

The maximum is 172USD of Central African Republic, the average is 172USD, and the total is 172USD

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