Income Levels Around The World

R p 10 the ratio of the average income of the.

Income levels around the world. The world bank classifies economies for analytical purposes into four income groups. In this context personal disposable income refers to the income per person after all taxes have been paid. These estimates show that across the 24 countries covered taxes and transfers lower income inequality by around one third on average equivalent to around 0 15 gini points. List of countries by personal income tax rate provides a table with the latest tax rate figures for.

The list focuses on the main indicative types of taxes. Unsurprisingly in terms of disposable income switzerland leads the world by a huge margin with an average disposable income of 6300 which is 2 to 3 times that of its neighbours germany 2850 france 2 760 and italy 2 120. For this purpose it uses gross national income gni per capita data in u s. Income disparity around the world the income required to be in the top 1 varies greatly based on what country you live in.

Un world bank and cia list income ratios and gini indices click sorting buttons to sort alphabetically or numerically. This page displays a table with actual values consensus figures forecasts statistics and historical data charts for list of countries by personal income tax rate. Some other taxes for instance property tax substantial in many countries such as the united states and payroll tax are not shown here. Dollars converted from local currency using the world bank atlas method which is applied to smooth exchange rate fluctuations.

Corporate tax individual income tax and sales tax including vat and gst but does not list capital gains tax. According to a list compiled by bloomberg. Yet cross country differences are substantial with declines ranging from about 45 in denmark and sweden to about 8 in south korea. In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd.

Can sort in ascending or descending order. The four income levels are a helpful way to understand how people s lives can change gradually with more money. The image below shows how many of the world s 7 billion people live on each income level each figure represents one billion people. The world social report 2020 published by the un department of economic and social affairs desa shows that income inequality has increased in most developed countries and some middle income countries including china which has the world s fastest growing economy.

The row number column on the left is fixed. Average income around the world the worldwide highest income is earned in monaco.