Household Income By Country
In this article the average wage is adjusted for living expenses purchasing power parity ppp the wage distribution is right skewed.
Household income by country. The average wage is a measure of total income after taxes divided by total number of employees employed. Between 2006 and 2012 the median household income in norway was about 51 489 u s. The majority of people earn less than the average wage for an alternative measure the median household income uses median instead of average. Mean or median net household income after taxes and mandatory contributions are taken as indicators of standard of living because they include only disposable income and acknowledge people sharing accommodation benefit from pooling at.
The statistic above provides the ranking of countries by median self reported household income. The countries with the highest median incomes are. Data coverage differs by country for some countries data goes back to 1979 while coverage is shorter for some other countries. According to 2013 data from gallup the median household income worldwide is 9 733.
Average household income can be used as an indicator for the monetary well being of a country s citizens. Data is currently available for some countries until 2013.