Average Annual Wages in OECD Countries

What We’re Showing

Average annual wages in 34 different OECD countries, converted to U.S. dollars using purchasing power parity (PPP) for better comparison.

The data is sourced from the OECD, with the latest available figures from 2023.

Key Takeaways

• Luxembourg has the highest average annual wage at $90,000, followed by Iceland ($87K) and Switzerland ($83K). 
• Eight of the top 10 highest-wage countries are in Europe, with the United States ($80K) and Australia ($67K) as the only non-European standouts.
• The average annual wage across all OECD countries is around $58,000.
• Eastern European nations—especially Lithuania, Latvia, and Estonia—have experienced the fastest real wage growth since 1995.