The highest paid countries in the world

 

The highest paid countries in the globe usually involve nations with high living standards, sound economy and well developed social services, usually in terms of average gross income or PPP. 

Here are a few of the highest-paid countries: 

#1 Switzerland: 

Average Gross Salary: up to $80 000 per year 

Key Industries: Banking and finance, pharma, civil engineering and IT. 

Living Standards: Switzerland takes the lead in all the rankings because of its strong economy and low unemployment rate besides having high standards of living. 

Lack of affiliations to any political bloc and stringent banking secrecy laws have placed the country among the world’s leading financial centers. 

High paying jobs are accompanied by high costs of living especially so in places like Zurich and Geneva. 

#2 Luxembourg:

Average Gross Salary: $65,000 – $75,000 annually 

Key Industries: Finance, steel, technology and EU institutions. 

Living Standards: Luxembourg is one of the smallest states but it is one of the wealthiest ones and its economy is based on the banking and financial sectors. 

The country also has several EU institutions which go a long way in explaining the high salaries in the country. 

Although it is a small country, it has a very good standard of living, good health and education facilities. 

#3 United States:

Average Gross Salary: Such employees can earn anything ranging from $60, 000 to $ 65,000 per year. 

Key Industries: IT, business & finance, pharma & healthcare, and media & entertainment. 

Living Standards: The U. S. boasts of the largest economy on the planet, and the citizens receive some of the highest wages, particularly in technology and finance industries. 

Living expenses also differ from one region to another and are relatively high in areas such as San Francisco and New York. 

#4 Denmark: 

Average Gross Salary: $ 55, 000 – $60, 000 per annum 

Key Industries: Pharmaceuticals, maritime, and renewable energy are some of the industries that can benefit from this kind of services. 

Living Standards: Denmark is also famous for social welfare facilities that go hand in hand with high wages. 

The Danes have one of the most balanced working schedules in the world and the quality of life rank is always high. 

#5 Australia: 

Average Gross Salary: $50,000-$55,000 per annum 

Key Industries: Industry, construction, medical and teaching. 

Living Standards: The country has a very sound economy and is relatively expensive which makes it even more appealing to the working professionals. 

Sydney and Melbourne are two of the largest cities in the country and they have a very good quality of living but this comes at a premium especially when it comes to housing. 

#6 Norway: 

Average Gross Salary: $55; 000 to $60; 000 per year 

Key Industries: Oil and gas, renewable energy and shipping industries. 

Living Standards: It is primarily an oil-rich nation, which enables it to continue offering high wages and great social security. 

The government of Norway has been very wise in the utilization of its oil revenues, which has resulted in the high living standards of the country. 

#7 Netherlands: 

Average Gross Salary: Fifty to fifty five thousand dollars per year 

Key Industries: Business, transport, commerce, and ICT. 

Living Standards: The Netherlands has a good standard of living; the economy is mainly based on trade and banking. 

The Dutch have been characterized by well developed infrastructure and high literacy levels, which are factors that have boosted the economy of the country. 

#8 Germany: 

Average Gross Salary: between $45000 and $50000 per year 

Key Industries: Cars, engineering and vehicles industries. 

Living Standards: Germany being one of the largest economies in Europe has high wages especially within engineering and technology fields. 

The country boasts of a sound economic base coupled with a good social welfare hence a good standard of living. 

#9 Ireland: 

Average Gross Salary: $50 000 – $55 000 per year 

Key Industries: Technology, pharmaceuticals and finance. 

Living Standards: Ireland has been experiencing a rapid economic growth in the recent past facilitated by the FDI especially from the United States technological firms. 

This has led to high wages and a good economy though the standard cost of living in Dublin is relatively high. 

#10 Canada: 

Average Gross Salary: $45,000 to $50,000 annually 

Key Industries: Energy, technology and health care. 

Living Standards: This multi-sectoral economy of Canada provides high wages especially to energy and technology industries. 

The country’s quality of life is high and has efficient social services and a multicultural population. 

These countries have some of the highest standards of living in the world, relatively sound economies which can well afford high average incomes. 

These high salaries, however, are in most cases accompanied with high costs of living, and yet the quality of life, health care and social welfare make these countries ideal places to work in.