Developed Country - Average Disposable Wage of OECD Members

Average Disposable Wage of OECD Members

While GDP per capita is often used to measure how developed a country is, it includes components that do not directly contribute to a citizen's well-being. However, breaking down GDP to its components and measuring only wages and salaries gives a more accurate picture of the living standard of a country. Unlike the gross wage, which can be an inaccurate indicator of the well-being of a citizen since it does not represent the full amount of money the worker will be left to consume on goods or services, the disposable wage excludes compulsory deductions such as income tax, municipal tax, provincial/state income tax, social security (pension plan, medicare) and compulsory insurance. The list below has compulsory deductions applied with rates obtained from the OECD Tax Database, which includes figures for all personal compulsory payments assuming that the citizen is single with no children, with an income level 100% of the average wage. The gross employment income are shown for reference and all monetary values are based on the OECD's purchasing power parity exchange rates. Note that the OECD does not publish data for some countries and hence they are not listed.

Rank Country Disposable $
2011		 Disposable $
growth		 Compulsory
deduction		 Gross $
2011
1 United States 42,035 242 26.0% 54,450
2 Ireland 41,170 531 18.9% 50,764
3 Luxembourg 37,997 -1,477 28.1% 52,847
4 Switzerland 35,471 -57 29.4% 50,242
5 Australia 34,952 835 22.3% 44,983
6 United Kingdom 33,513 -1,272 25.1% 44,743
7 Canada 32,662 -648 22.7% 42,253
8 Norway 31,101 913 29.3% 43,990
9 South Korea 31,051 1,341 12.3% 35,406
10 Netherlands 29,269 -544 37.8% 47,056
11 Austria 29,008 -177 33.4% 43,555
12 Sweden 28,301 480 25.0% 37,734
13 Denmark 27,974 -335 38.6% 45,560
14 Japan 27,763 724 21.0% 35,143
15 France 27,452 93 28.0% 38,128
16 Spain 26,856 -466 21.9% 34,387
17 Finland 25,747 146 29.8% 36,676
18 Belgium 25,642 25 42.2% 44,364
19 Germany 24,174 379 39.9% 40,223
20 Italy 23,194 -562 30.8% 33,517
21 Greece 21,352 -2,039 18.8% 26,295
22 Portugal 17,170 -2,044 24.5% 22,742
23 Czech Republic 15,115 -191 23.0% 19,630
24 Slovakia 14,701 -328 22.9% 19,068
25 Poland 14,389 189 28.3% 20,069
26 Hungary 12,843 52 35.0% 19,437

Read more about this topic:  Developed Country

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