Money

This Is Where the Philippines Ranks Among the World's Highest Wage Earners

Research group Picodi has surveyed 106 countries in this study. 
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A new study published on August 20 by research and analyst company Picodi rounds up the best and worst countries to live in based on the average wages earned in each country. 

According to the report, Switzerland pays the highest wages among the 106 countries surveyed. The Swiss earn an average monthly wage of P296,200, placing them on top of the list of countries with the highest wages. It is followed by Luxembourg and the United States, whose citizens earn P198,500 and P174,800 respectively.

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Filipinos, on the other hand, earn an average monthly wage P15,200, placed 95th, putting the Philippines in 91st place, outranking Tunisia (P14,700) and Egypt (P10,800). 

“When it comes to Asian countries, the Philippines ended up in the second part of the ranking (12th out of 16). It was outperformed by Thailand (P30,600), India (P21,600), and Vietnam (P20,000),” the report reads

Indonesia (P15,100), Sri Lanka (P12,800), Cambodia (P10,500), and Pakistan (P10,300) follow the Philippines at 92nd, 93rd, 94th, and 95th places, respectively. The Asia Pacific region is led by Singapore, Australia, and Hong Kong—the only countries with average wages higher than P140,000.

At the bottom of the list are Cuba, Uganda, and Nigeria, whose wages are between P1,800 and P9,100.

Data for average wages after taxes come from the website numbeo.com. Local currencies were converted at the average Google Finance rate for August 2020.

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Mario Alvaro Limos
Features Editor, Esquire Philippines
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