According to CEOWORLD Magazine data, Singapore is leading the Asian countries by average salaries in 2024. United Arab Emirates and Israel are good competitors for top position.
How Singapore is the hub of trade and financial services?
Their strategic location and agreements with numerous countries makes it the busiest hub for international trade and shipping. Its also the Financial hub due to large global investments and businesses.
Unlike many other highly populated countries in Asia, Singapore has best regulatory system, political stability and investor friendly policies. Their demand for highly skilled workers in trade, financial services and high tech industries assures the highest average salaries.
| Rank | Country | Gross Average Monthly Wages (USD, at current exchange rates) | GDP 2024 (in billion U.S. dollars) | Region |
|---|---|---|---|---|
| 1 | Switzerland | 8111 | 905.68 | Europe |
| 2 | Luxembourg | 6633 | 89.09 | Europe |
| 3 | United States | 6455 | 26949.64 | Americas |
| 4 | Iceland | 6441 | 30.57 | Europe |
| 5 | Norway | 5665 | 546.76 | Europe |
| 6 | Denmark | 5642 | 420.8 | Europe |
| 7 | Canada | 5081 | 2117.8 | Americas |
| 8 | Greenland | 4665 | 3.27 | Americas |
| 9 | Ireland | 4622 | 589.56 | Europe |
| 10 | Netherlands | 4581 | 1092.74 | Europe |
| 11 | Singapore | 4350 | 497.34 | Asia |
| 12 | Liechtenstein | 4321 | 7.71 | Europe |
| 13 | Australia | 4218 | 1687.71 | Oceania |
| 14 | United Kingdom | 4179 | 3332.05 | Europe |
| 15 | Finland | 4090 | 305.68 | Europe |
| 16 | Germany | 3984 | 4429.83 | Europe |
| 17 | Sweden | 3977 | 597.11 | Europe |
| 18 | United Arab Emirates | 3663 | 509.17 | Asia |
| 19 | France | 3655 | 3049.01 | Europe |
| 20 | Israel | 3608 | 521.68 | Asia |
| 21 | San Marino | 3237 | 1.99 | Europe |
| 22 | Qatar | 3168 | 235.5 | Asia |
| 23 | Hong Kong | 3070 | 385.54 | Asia |
| 24 | New Zealand | 2860 | 249.41 | Oceania |
| 25 | French Polynesia | 2835 | 6.05 | Oceania |
| 26 | Italy | 2763 | 2186.08 | Europe |
| 27 | Slovenia | 2611 | 68.39 | Europe |
| 28 | Spain | 2551 | 1582.05 | Europe |
| 29 | Japan | 2476 | 4230.86 | Asia |
| 30 | Belgium | 2354 | 627.51 | Europe |
| 31 | Cyprus | 2314 | 32.03 | Asia |
| 32 | South Korea | 2180 | 1709.23 | Asia |
| 33 | Austria | 2175 | 526.18 | Europe |
| 34 | Russia | 2159 | 1862.47 | Europe |
| 35 | Macau | 2114 | 38.48 | Asia |
| 36 | Saudi Arabia | 1888 | 1069.43 | Asia |
| 37 | Bahamas | 1864 | 13.87 | Americas |
| 38 | Kuwait | 1854 | 159.68 | Asia |
| 39 | Saint Vincent and the Grenadines | 1847 | 1.03 | Americas |
| 40 | Puerto Rico | 1810 | 117.51 | Americas |
| 41 | Portugal | 1781 | 276.43 | Europe |
| 42 | Estonia | 1772 | 41.79 | Europe |
| 43 | Czech Republic | 1770 | 335.24 | Europe |
| 44 | Taiwan | 1763 | 751.93 | Asia |
| 45 | Bahrain | 1728 | 44.99 | Asia |
| 46 | Brunei | 1708 | 15.15 | Asia |
| 47 | Saint Lucia | 1704 | 2.46 | Americas |
| 48 | Morocco | 1657 | 147.34 | Africa |
| 49 | Lithuania | 1628 | 79.42 | Europe |
| 50 | Oman | 1626 | 108.28 | Asia |
| 51 | Saint Kitts and Nevis | 1604 | 1.06 | Americas |
| 52 | Slovakia | 1512 | 133.04 | Europe |
| 53 | Greece | 1417 | 242.38 | Europe |
| 54 | Poland | 1416 | 842.17 | Europe |
| 55 | Samoa | 1402 | 0.93 | Oceania |
| 56 | South Africa | 1362 | 380.9 | Africa |
| 57 | Romania | 1306 | 350.41 | Europe |
| 58 | Latvia | 1303 | 46.66 | Europe |
| 59 | Andorra | 1273 | 3.69 | Europe |
| 60 | Vanuatu | 1241 | 1.16 | Oceania |
| 61 | Malta | 1216 | 20.31 | Europe |
| 62 | Hungary | 1189 | 203.82 | Europe |
| 63 | China | 1122 | 17700.89 | Asia |
| 64 | Uruguay | 1122 | 76.24 | Americas |
| 65 | Barbados | 1084 | 6.22 | Americas |
| 66 | Croatia | 959 | 80.18 | Europe |
| 67 | Bulgaria | 947 | 103.09 | Europe |
| 68 | Montenegro | 929 | 7.05 | Europe |
| 69 | Bosnia and Herzegovina | 927 | 26.94 | Europe |
| 70 | Serbia | 925 | 75.01 | Europe |
| 71 | Maldives | 920 | 6.97 | Asia |
| 72 | Antigua and Barbuda | 857 | 1.94 | Americas |
| 73 | Malaysia | 855 | 430.89 | Asia |
| 74 | Lebanon | 837 | 37.94 | Asia |
| 75 | Trinidad and Tobago | 818 | 27.88 | Americas |
| 76 | Ecuador | 791 | 118.68 | Americas |
| 77 | Palestine | 778 | 18.1 | Asia |
| 78 | Costa Rica | 722 | 85.59 | Americas |
| 79 | Panama | 717 | 82.34 | Americas |
| 80 | Kazakhstan | 673 | 259.29 | Asia |
| 81 | Kiribati | 658 | 15.8 | Oceania |
| 82 | North Macedonia | 658 | 0.24 | Europe |
| 83 | Turkmenistan | 654 | 81.82 | Asia |
| 84 | Mexico | 648 | 1811.46 | Americas |
| 85 | India | 628 | 3732.22 | Asia |
| 86 | Belarus | 621 | 68.86 | Europe |
| 87 | Chile | 605 | 344.4 | Americas |
| 88 | Jordan | 599 | 50.02 | Asia |
| 89 | Iraq | 583 | 297.69 | Asia |
| 90 | Grenada | 547 | 18.76 | Americas |
| 91 | Jamaica | 547 | 1.3 | Americas |
| 92 | Armenia | 541 | 24.54 | Asia |
| 93 | Georgia | 534 | 30.02 | Asia |
| 94 | Honduras | 522 | 33.99 | Americas |
| 95 | Micronesia | 508 | 512.19 | Oceania |
| 96 | Moldova | 508 | 16 | Europe |
| 97 | Thailand | 508 | 0.45 | Asia |
| 98 | Guatemala | 501 | 102.76 | Americas |
| 99 | Azerbaijan | 494 | 77.39 | Asia |
| 100 | Mauritius | 486 | 14.81 | Africa |
| 101 | Bolivia | 481 | 46.79 | Americas |
| 102 | Belize | 474 | 3.21 | Americas |
| 103 | Bhutan | 448 | 433.35 | Asia |
| 104 | Vietnam | 448 | 2.68 | Asia |
| 105 | Dominica | 432 | 0.69 | Americas |
| 106 | Guinea | 430 | 173.41 | Africa |
| 107 | Ukraine | 430 | 23.2 | Europe |
| 108 | Argentina | 427 | 621.83 | Americas |
| 109 | Botswana | 416 | 112.74 | Africa |
| 110 | Kenya | 416 | 20.75 | Africa |
| 111 | Kosovo | 410 | 10.46 | Europe |
| 112 | Albania | 404 | 23.03 | Europe |
| 113 | Brazil | 402 | 2126.8 | Americas |
| 114 | El Salvador | 391 | 35.33 | Americas |
| 115 | Monaco | 385 | 8.59 | Europe |
| 116 | Peru | 383 | 264.63 | Americas |
| 117 | Yemen | 375 | 21.04 | Asia |
| 118 | Dominican Republic | 373 | 120.62 | Americas |
| 119 | Uzbekistan | 351 | 90.39 | Asia |
| 120 | Indonesia | 344 | 1417.38 | Asia |
| 121 | Paraguay | 332 | 44.14 | Americas |
| 122 | Mongolia | 331 | 18.78 | Asia |
| 123 | Burundi | 316 | 3.19 | Africa |
| 124 | Turkey | 314 | 1154.6 | Asia |
| 125 | Colombia | 313 | 363.83 | Americas |
| 126 | Iran | 303 | 366.43 | Asia |
| 127 | Myanmar | 290 | 74.86 | Asia |
| 128 | Philippines | 286 | 435.67 | Asia |
| 129 | Tunisia | 277 | 51.27 | Africa |
| 130 | Suriname | 273 | 3.53 | Americas |
| 131 | Bangladesh | 268 | 446.34 | Asia |
| 132 | Nicaragua | 263 | 17.35 | Americas |
| 133 | Algeria | 249 | 224.1 | Africa |
| 134 | Ghana | 244 | 76.62 | Africa |
| 135 | Kyrgyzstan | 228 | 12.68 | Asia |
| 136 | Egypt | 222 | 398.39 | Africa |
| 137 | Cambodia | 215 | 30.94 | Asia |
| 138 | Afghanistan | 205 | 14.93 | Asia |
| 139 | Venezuela | 199 | 92.21 | Americas |
| 140 | Nepal | 198 | 41.33 | Asia |
| 141 | Fiji | 184 | 5.51 | Oceania |
| 142 | East Timor | 175 | 2.02 | Asia |
| 143 | Tajikistan | 169 | 11.81 | Asia |
| 144 | Nigeria | 166 | 390 | Africa |
| 145 | Pakistan | 163 | 340.63 | Asia |
| 146 | Sri Lanka | 143 | 70.52 | Asia |
| 147 | Djibouti | 142 | 3.87 | Africa |
| 148 | Cape Verde | 125 | 2.59 | Africa |
| 149 | Benin | 110 | 19.94 | Africa |
| 150 | Haiti | 108 | 25.98 | Americas |
| 151 | Laos | 108 | 14.24 | Asia |
| 152 | Seychelles | 108 | 2.08 | Africa |
| 153 | Cuba | 104 | 125.87 | Americas |
| 154 | Ivory Coast | 97 | 79.43 | Africa |
| 155 | Palau | 96 | 0.26 | Oceania |
| 156 | Cameroon | 86 | 49.26 | Africa |
| 157 | Syria | 84 | 19.71 | Asia |
| 158 | DR Congo | 81 | 67.51 | Africa |
| 159 | Ethiopia | 78 | 155.8 | Africa |
| 160 | Rwanda | 78 | 13.92 | Africa |
| 161 | Central African Republic | 76 | 25.56 | Africa |
| 162 | Sudan | 76 | 2.76 | Africa |
| 163 | Equatorial Guinea | 75 | 84.03 | Africa |
| 164 | Tanzania | 75 | 29.53 | Africa |
| 165 | Zambia | 75 | 10.04 | Africa |
| 166 | Gambia | 74 | 52.39 | Africa |
| 167 | Papua New Guinea | 74 | 31.69 | Oceania |
| 168 | Uganda | 74 | 2.38 | Africa |
| 169 | Guyana | 72 | 16.32 | Americas |
| 170 | Tonga | 72 | 0.54 | Oceania |
| 171 | Burkina Faso | 71 | 20.78 | Africa |
| 172 | South Sudan | 71 | 6.26 | Africa |
| 173 | Guinea-Bissau | 68 | 40.19 | Africa |
| 174 | Libya | 68 | 11.51 | Africa |
| 175 | Somalia | 68 | 1.99 | Africa |
| 176 | Chad | 67 | 21.93 | Africa |
| 177 | Mozambique | 67 | 12.59 | Africa |
| 178 | Eswatini | 65 | 19.31 | Africa |
| 179 | Gabon | 65 | 9.11 | Africa |
| 180 | Sierra Leone | 65 | 4.64 | Africa |
| 181 | Togo | 65 | 3.51 | Africa |
| 182 | Eritrea | 62 | 32.42 | Africa |
| 183 | Zimbabwe | 62 | 2.25 | Africa |
| 184 | Namibia | 58 | 12.64 | Africa |
| 185 | Congo | 57 | 14.4 | Africa |
| 186 | Comoros | 55 | 1.36 | Africa |
| 187 | Senegal | 49 | 31.14 | Africa |
| 188 | Liberia | 47 | 17.07 | Africa |
| 189 | Madagascar | 47 | 15.76 | Africa |
| 190 | Niger | 47 | 4.34 | Africa |
| 191 | Mauritania | 41 | 10.35 | Africa |
| 192 | North Korea | 37 | 16.75 | Asia |
| 193 | Mali | 34 | 21.3 | Africa |
| 194 | Malawi | 31 | 13.17 | Africa |
| 195 | Angola | 27 | 93.79 | Africa |
| 196 | Lesotho | 24 | 2.37 | Africa |
