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Doing business worldwide

Blog about doing business internationally.

In the current economic climate, the global employment market has developed rapidly, creating an increase in profitable professional prospects. As a result, it’s now simpler than ever to live and work abroad. 

It’s critical to know which nations offer the highest-paying jobs and incomes if you’re considering moving abroad for work-related reasons. We’ve produced a list of the top 10 nations with the highest average salaries in the globe using the most recent data from the Organization for Industrial Co-Operation and Research.

  1. Luxembourg 

Average salary: $68,681 

Despite having a small population of around 632,000, Luxembourg is among the richest and highest-paying nations. The mean salary for employees is $68,000, which is the most significant salary in the world. 

Luxembourg is a landlocked country where the majority of people speak two or more languages. The main economic sectors are financing, insurance, steel, mining, and tourism.

  1. Iceland 

Average salary: $68,006 

With a population of about 350,000, Iceland is one of the tiniest republics on earth, yet it is also one of the most costly. Due to its untamed nature and bitterly cold climate, a large portion of the country is undeveloped, but with its stunning natural surroundings, hot springs, volcanoes, and spas, its tourism business is flourishing.

The utilization of thermal and hydroelectric energies is one sector where Iceland excels globally. The tourist, aquaculture, electricity, and mining sectors of the island economy are the most significant. It should be highlighted that work options can be scarce, particularly for foreigners.

  1. Switzerland 

Average salary: $66,567

With a population of 8.3 million, Switzerland is a wealthy and thriving nation that pays some of the best wages in the world, with the typical employee earning over $66,000. Despite being a landlocked country, Switzerland has achieved great success in a variety of industries, including finances, banking, chocolate, technology, medicines, timepieces, and tourism. 

Switzerland is home to many of the largest multinational corporations in the world. However, both EU citizens and those from other countries may find it difficult to immigrate there.

  1. The United States 

Average salary: $65,836

The U.S. economy is both highly advanced and diversified. The nation is self-sufficient in many domains and contributes significantly to the global economy in various fields. Its immigration policy draws the strongest from all other countries, leading to brilliance in many areas of employment. The nation is excellent in a variety of industries, including agriculture, mining, automotive manufacturing, and aircraft. 

  1. Denmark 

Average salary: $57,150

Denmark has a very high quality of life, along with much higher salaries, similar to other Nordic nations. The working population is heavily organized, which guarantees worker privileges and fair salaries, and the median income for Danes is nearly $57,000. Mining, minerals, food and drink, transit, handicrafts, construction, and medicines are the main industries of Denmark. Due to the country’s small size, there isn’t much employment available.

  1. The Netherlands 

Average salary: $56,552

The Netherlands has long been known for having a high-level lifestyle. Due to their superior medical system, good universities, and mostly bilingual populace, numerous surveys show that Dutch people are happy with their life. The Netherlands excels in the fields of advanced electro-mechanical technology, medicines, leisure, and microsystems, among other areas.

  1. Germany 

Average salary: $56,368

Germany is among the most industrialized and prosperous countries in the world and has the largest market in Europe. Germany has a per capita income of about $56,000. The nation boasts good architecture, a strong educational structure, and some of the top medical resources in the world. Additionally, it still has a long list of profitable sectors that are important to the country’s economy, including production, medical, tourism, transportation, and agriculture. Given the size of the country, there are many occupations in a variety of industries.

  1. Belgium 

Average salary: $55,590

Belgium has long had the greatest living and educational standards; the bulk of its people are multilingual and highly educated. The nation is most known for its tourism, breweries, sweets, automobiles, technology, car building, scientific equipment, and fabrics. Luckily, finding work in the country is not as tough as it is in other nations in the region, whereas those from outside the EU require an EU work visa.

  1. Australia 

Average salary: $54,401

Australia is a costly place to live, with wages avg over $54,000, even for non-skilled employment. It is home to wildlife species and the renowned Sydney Opera House. The country’s industries include mining, manufacturing gear, and tourism. The monetary services sector is also well-developed. The immigration laws in Australia are also highly strict, and the country only permits skilled professionals to enter.

  1. Norway 

Average salary: $54,027

Norway is among the most costly countries, and Norwegians enjoy the fourth-highest salary in the world, as reported by the IMF and the World Bank. The nation’s gas and petroleum sector, which generates the greatest revenue, is prospering. The exports of seafood, lumber, linens, and fisheries from Norway are also well known. In addition to having an extremely low violence record, Norwegians are considered to be among the world’s happiest nations.