TAFEP Hero 2024 Oct
Where to earn the highest average salaries in 2024

Where to earn the highest average salaries in 2024

Singapore ranked top in Asia by paying US$4,350 on average, while Hong Kong came in 23rd globally at US$3,070.

Though money is not the only consideration when deciding to take a job or not, it is always good to be well paid.

According to the latest report by CEOWORLD magazine, employers in Switzerland pay the highest wages (on a monthly basis) at US$8,111 on average among 196 entries in the ranking, followed by Luxembourg (US$6,633), the United States (US$6,455), Iceland (US$6,441), and Norway (US$5,665).

Top 10 highest-paying countries in 2024:

  1. Switzerland (gross average monthly wages: US$8,111)
  2. Luxembourg (gross average monthly wages: US$6,633)
  3. United States (gross average monthly wages: US$6,455)
  4. Iceland (gross average monthly wages: US$6,441)
  5. Norway (gross average monthly wages: US$5,665)
  6. Denmark (gross average monthly wages: US$5,642)
  7. Canada (gross average monthly wages: US$5,081)
  8. Greenland (gross average monthly wages: US$4,665)
  9. Ireland (gross average monthly wages: US$4,622)
  10. Netherlands (gross average monthly wages: US$4,581)

In Asia, Singapore ranked top by paying US$4,350 on average. Globally, the Lion City ranked 11th.

Its counterpart, Hong Kong, came in 23rd globally with US$3,070 on average.

Global ranking and gross average monthly wages of Asia markets 2024:

  11. Singapore (US$4,350)
  23. Hong Kong (US$3,070)
  29. Japan (US$2,476)
  32. South Korea (US$2,180)
  35. Macau (US$2,114)
  44. Taiwan (US$1,763)
  46. Brunei (US$1,708)
  63. China (US$1,122)
  71. Maldives (US$920)
  73. Malaysia (US$855)
  85. India (US$628)
  97. Thailand (US$508)
104. Vietnam (US$448)
120. Indonesia (US$344)
127. Myanmar (US$290)
128. Philippines (US$286)
131. Bangladesh (US$268)
137. Cambodia (US$215)
140. Nepal (US$198)
146. Sri Lanka (US$143)
151. Laos (US$108)
192. North Korea (US$37)


The report also revealed that the highest-paying jobs can be found in the finance, insurance, electricity, mining, information technology, retail, and education sectors.

On the other hand, per the report, the lowest-paying sectors are administrative support, hospitality, and construction.

However, the report reminded about other important factors to consider when comparing salaries in different countries, such as inflation and geo-political risks.

Follow us on Telegram and on Instagram @humanresourcesonline for all the latest HR and manpower news from around the region!

Free newsletter

Get the daily lowdown on Asia's top Human Resources stories.

We break down the big and messy topics of the day so you're updated on the most important developments in Asia's Human Resources development – for free.

subscribe now open in new window