When determining where to work and live, salary is a crucial consideration. Knowing which nations pay the highest and lowest salaries is crucial because every nation has its own set of rules and regulations governing compensation. People from all around the world are searching for ways to increase their financial fortunes as the world becomes more linked and globalised. In this post, we’ll look at which nations offer the lowest salaries.
1. WHICH COUNTRY PAYS THE LOWEST SALARY
When determining where to work and live, salary is a crucial consideration.
Knowing which nations pay the highest and lowest salaries is crucial because
every nation has its own set of rules and regulations governing compensation.
People from all around the world are searching for ways to increase their financial
fortunes as the world becomes more linked and globalised. In this post, we'll look
at which nations offer the lowest salaries.
In terms of Purchasing Power Parities (PPP), which considers the average cost of
living in a nation, Hungary had the lowest average monthly pay of employees in
the entire globe as of 2021. Zimbabwe had the second-lowest average pay with
Ethiopia coming in third place.
Listed below are the countries with lowest salary –
AFGHANISTAN - Afghanis pay a non-permanent private sector wage of
Afs. 5,500 (US$67)per month. Permanent government employees were paid
a minimum of 6,000 Afs ($74) each month. In the private sector, there was
no set minimum salary for permanent employees.
ALBANIA - In the private sector, salaries average 32,000 lek ($267) per
month, whereas in the public sector, they are 37,000 lek ($332). The 40-hour
workweek is mandated by law, but the actual workweek is usually
determined by individual or collective bargaining agreements.
ALGERIA - Nationally, the employees are paid DA 20,000 ($156.19) each
month.
BANGLADESH - The National Minimum Pay Board in Bangladesh
establishes the minimum wage for each sector. For all economic sectors, the
current minimum salary is $14.52 (1,500 takas) per month.
BRAZIL - Brazil's minimum salary varies from $230.82 (1,212.00 Brazilian
Real) to $601.62 per month depending on the state (3,158.96 Brazilian
Real).
BULGARIA - Bulgaria's minimum monthly wage is $382.77.
CUBA - Although it varies by occupation, the standard minimum salary in
Cuba is roughly $87 (2,100 Cuban pesos) per month for a 44-hour
2. workweek. In addition to providing free housing, food, medical care, and
education, the Cuban government also subsidises these costs.
GEORGIA - 20 (US$8) per month for employees in the private sector, a
rate that hasn't changed since the early 1990s but isn't really used; 115
(US$48) per month for those working for the government.
GUATEMALA - Guatemala's minimum wage varies depending on the
industry. The minimum monthly wage for non-agricultural workers is
$374.22, compared to $363.26 (2872.55 Guatemalan quetzales) for
agricultural workers. (2959.24 quetzales from Guatemala) each month.
KYRGYZSTAN - The minimum wage in Kyrgyzstan is set by law at
$23.19 (1,970 Kyrgyz soum) each month.
PAKISTAN - By province and occupation, Pakistan's minimum monthly
wage varies. Its minimum monthly wage is $111.23 across all industries
(25,000.00 Pakistani rupees).
Some nations may have an overly complex minimum wage structure. India, for
instance, has around 1202 minimum wage rates for various industry sectors and
skill levels. Other nations may have a national minimum wage rate, although in
many cases state, provincial, cantonal, county, and local minimum wage rates take
precedence.
CONTENT CURATOR – PUJA UNIYAL