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 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
