Top 10 Countries with Highest Salary in the World
What are the Top 10 Countries with the Highest Salary for Workers? Do you ever wonder which countries have the highest salaries in the world? Perhaps you want to relocate, seek work abroad for a better livelihood, or you are only curious about what countries pay the highest salaries? We will delve into the list shortly, but it is crucial to note that these countries are different in many ways.
They have several languages, policies, industries, and even cultures. Every country also has its salaries and working conditions based on skill set, work experience, and the like.
Let us discover what countries make the list of countries with the highest worker salaries. Today we are counting down from the tenth-richest country to the richest of all countries in the world. Can you guess the names of three countries out of ten on this list?
10. Iceland
With a population of 348,580, Iceland is the least populated country in the continent of Europe. Interestingly, Iceland is the 9th most developed country in the world, and this is according to the United Nations’ Human Development Index.
Iceland runs almost completely on renewable energy, which many countries are aiming to achieve. The top industries in Iceland are hydropower, geothermal power, tourism, and fish processing.
Ferrosilicon production and aluminum smelting are also the most productive industries. The average yearly income in Iceland is $46,074.
9. Belgium
Belgium is one of the safest countries in the world and has high living standards, expensive education, and healthcare. French and Dutch are the most spoken languages in Belgium, with German as a minority language.
The country is famous for some of its food and drinks, including chocolate, waffle, beer, and French fries. We also hear that French fries originated in Belgium, but we aren’t sure.
The top industries in Belgium are transportation equipment, processed food and drinks, chemicals, engineering, and base metals.
Motor vehicle assembly, textile, glass, and scientific instruments are some other industries, including petroleum. The average yearly income in Belgium is $47,702.
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8. Canada
Canada is a largely urbanized country that has 82% of its populace living in medium and large-sized cities. It shares the longest land border, the 8,891 kilometers of the land boundary it shares with the United States.
Canada ranks high globally based on economic freedom, quality of life, education, civil rights, and government transparency.
The top industries in Canada include fish and food products, transportation equipment, paper, wood products, petroleum, and natural gas.
The chemical industry and mineral industry (processed and unprocessed) are also on the list. The average annual income in Canada is $47,843.
7. Denmark
Located in Northern Europe, Denmark has unique weather with cool summers and mild winters. The country has the world’s highest minimum wage owing to the absence of minimum wage legislation and the presence of strong trade unions in Denmark, Denmark has many well-to-do industries, including pharmaceuticals, chemicals, food processing, steel, transportation equipment, and nonferrous materials.
Shipbuilding, textiles, windmills, furniture, construction, and electronics are other top industries in Denmark. The average annual income in Denmark is $50,024.
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6. Australia
Australia is famous for many things, including koala bears and kangaroos. The Great Barrier Reef, the world’s largest coral reef, lies a little distance off Australia’s northeast coast.
Australians speak English as their national language with a unique accent particular to the country. The top industries in Australia include steel, mining, food processing, tourism, and financial services.
The chemical, industrial equipment, and transportation equipment industries are also on this list. The average yearly income in Australia is $50,167
5. The Netherlands
Did you know that the Netherlands is the same as Holland? Holland is the sixth happiest country in the world based on the United Nations 2017 World Happiness Report.
With excellent healthcare, infrastructure, and public education, it is no surprise that Netherlanders are happy. The top industries in the Netherlands are petroleum, chemicals, metal and engineering products, construction, and electrical equipment. Fishing and microelectronics also make up this list. The average yearly income in Holland is $50,670.
4. Norway
Norway has one of the lowest crime rates globally and ranks as the happiest country on the World Happiness Report. World Bank and IMF also rate Norway as the country with the fourth-highest per capita income globally.
The top industries in Norway include food processing, aquaculture, petroleum and gas, timber, and shipping. The list also contains shipbuilding, textiles, paper product, mining, and chemicals.The average annual income in Norway is $50,908.
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3. Switzerland
From Swiss watches to chocolates and beverages, Switzerland is famous for a lot of things. Switzerland is home to famous corporations like Nestle, the Swatch Group, Glencore, Novartis, Tetra Pak, Credit Suisse, and UBS. The country is a major exporter of electronics, machines, chemicals, and precision instruments.
The top industries in Switzerland include insurance, watches, banking, machinery, chemicals, tourism, and precision instruments. The average yearly income in Switzerland is $58,389.
2. United States
The United States is the third most populous and largest country in the world. The country makes up 25% of the world’s GDP and is a leading cultural, scientific, and political force.
The United States comprises a diverse population, cultures, values, and traditions, with English as the national language. The top industries in the U.S include telecommunications, chemicals, consumer goods, motor vehicles, food processing, and mining.
The petroleum, lumber, and steel industries are also on this list. The average annual income in the United States is $58,714.
1. Luxembourg
Luxemburg is a small country but boasts of an advanced economy that is nothing short of shocking. The country sits in Western Europe and has one of the highest GDP per capita in the world.
Luxembourg shares its land borders with Belgium, Germany, and France. It has Luxembourgish, German, and French as its national languages.
Nearly half of Luxemburg’s population comprises foreigners. The top industries in Luxembourg are tourism, banking/finance, chemicals, real estate, steel, and construction.
Biotechnology, glass, metals, information technology, aluminum, telecommunications, cargo transportation, and engineering are some other top industries in Luxembourg. Luxembourg’s average annual income is $60,369.
