Top 10 Highest Paying Countries For Workers In The World (2023)

Do you want to get a job in a country where you can expect to be paid very well? If you’re looking to boost your earning potential and secure a financially comfortable future, you’re in the right place. In this article, we’re going to take a deep dive into the top 10 highest paying countries in the world in 2023.

1. Luxembourg

Average annual salary: $67,967

With a population of 632000, Luxembourg is one of the world’s wealthiest and highest paying country. It’s a country with the highest per capita income, with physicians, dentists, data scientists and C-level executives, all commanding six-figure salaries.

On average, people working in Luxembourg earn between $2,797–$8,828 a month. The city-country, meanwhile, ranks among the most livable cities in the world, due to its high living standards.

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2. Switzerland

Average annual salary: $63,782

Switzerland is known for its high salaries in addition to its picturesque Alpine landscapes, delectable chocolate and cheese, and luxury watches.

However, it is also known for its high cost of living. In fact, a single person’s monthly expenses average CHF 1,451.90 ($1,559.48), whereas a one-bedroom apartment outside of the city center costs approximately CHF 1,257.71 ($1,350.36) per month.

Switzerland is a home to the headquarters of a significant number of the most successful multinational corporations in the world.

3. Norway

Average annual salary: $53,514

According to the globe Bank and the International Monetary Fund, Norway has the highest average salary in Scandinavia and the fourth-highest per capita income in the globe.

According to the United Nations’ Human Development Report, it is also one of the best countries to reside in.

In the meantime, remote employees should also consider relocating here, as the country offers an excellent remote work visa program.

4. United States of America

Average annual salary: $53,329

People from all over the world continue to relocate to the United States in the hopes of advancing their careers, despite the fact that achieving the American Dream is becoming increasingly difficult.

With the headquarters of many of the world’s top companies, including Google and Amazon, there is a steady demand for employment seekers, particularly in the tech, healthcare, and finance industries.

In the meantime, the US Bureau of Labor Statistics projects that the US economy will add 8.3 million jobs by 2031.

5. Denmark

Average annual salary: $52,666

This country is regarded for having some of the happiest workers in the world due to high income and positive working conditions.

Denmark has much to be proud of, including its per capita income ranking among the top 5 in the world.

Additionally, it has one of the healthiest labor markets in the world, with a high demand for employees in the business, science, food and beverage, legal, and construction sectors.

The concept of minimum wage does not exist in Denmark.

6. Iceland

Average annual salary: $48,047

The 2022 Global Peace Index (PDF) ranks Iceland as the safest country in the world.

As the northernmost country on our list, Iceland is an excellent location to relocate, not only in terms of salary but also low crime rates.

Statistics Iceland reports that wages in Iceland increased by 5.2% between January and December of 2022.

7. Sweden

Average annual salary: $44,552

If not for their high salaries, you may want to consider moving to Sweden if you enjoy saunas.

Sweden has a large public sector, but those in the private sector earn the greatest salaries on average.

The average monthly salary in the private sector is 36,000 Swedish Krona ($3,719), whereas it is 36,000 Swedish Krona ($3,523) in the public sector.

The highest-paying professions in Sweden include lawyers, pilots, and physicians.

8. Netherlands

Average annual salary: $42,296

Beyond the windmills and tulip fields, the Netherlands is known for being one of the best countries to work in, with a healthy job market and low unemployment rates.

In fact, there were more vacancies than immediately employable jobseekers at the end of 2021, according to EURES, with a strong demand for education, eCommerce and healthcare professionals.

9. Singapore

Average annual salary: $42,049

Singapore’s average monthly wage for full-time workers is S$5,847 ($4,445), making it the only Asian country to rank among the top 10.

Although the country has a relatively high cost of living, it has one of the lowest unemployment rates in the world (2.1%), and is a popular destination for professionals in the fields of technology, finance, engineering, and medicine.

The highest salaries in Singapore are earned by surgeons, who average S$148,065 ($112,505) per year.

10. Ireland

Average annual salary: $41,467

Starting the top 10 of countries with the highest average salaries is Ireland.

While Ireland is one of the countries with the fewest public holidays, workers get to enjoy a variety of benefits, including 4 weeks of statutory paid leave, up to 104 weeks of carer’s leave, and up to 26 weeks of maternity leave.

High-paying jobs in Ireland, meanwhile, include software development managers, sales directors and operational managers.