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Switzerland has the highest average wages in the world at $91,852, or CHF 89,767. It is a notoriously expensive place to live with salaries to match and has long been an international banking hub attracting investment from all over the globe.
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Iceland has the second highest average wages in the world at $81,844, or kr. 11,705,368. Iceland is another example of a country with a high cost of living coupled with very high living standards and equally high salaries.
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The United States has the third highest average salaries in the world at $74,738, which is more than $5,500 higher than fourth place Luxembourg.
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Latvia saw the highest wage growth in the OECD over the last 10 years with annual earnings more than doubling to 103.88% more than they were in 2011.
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Iceland is the country that, should the past decade’s wage growth be replicated in the coming 10 years, will have the highest average wage by 2031 at $143,824.
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The highest earning profession across all six English-speaking countries is psychiatrist, with these individuals earning on average $154,800.
