10 Countries with the Highest Average Salaries in the World

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7. Germany

Average Salary: $55,599

In September 30, 2023, Germany witnessed a 5.6% nominal increase in collectively agreed wages, as revealed by the Collective Agreement Archive of WSI, part of the Hans Böckler Foundation. Despite this rise, the 1.7% average decline in real wages was noted due to persistent high price inflation. However, individual variations, including tax-free inflation compensation premiums, influence actual losses. Forecasts suggest a more favorable trajectory for real wage development as inflation is anticipated to subside.

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