The
National Average Salary (or the National
Average Wage) is the
mean salary for the working
population of a nation. It is calculated by
summing all the annual salaries of all
persons in work and
dividing
the total by the number of workers. It is not the same as the
Gross domestic product (GDP)
per Capita, which is calculated by dividing the GDP by the total
population of a country, including the
unemployed (e.g. those out of work, children
etc.).
In the
United States of
America
, the average annual wage was $36,764 in
2002. In the United Kingdom
, the national average wage in 2005 was estimated at
£22,411 (Approximately US$44,909) as of March 2008.
National Average Salaries are not usually directly comparable due
to differences in the
cost of living
between countries. Currency fluctuations also make direct
comparisons difficult.
See also
References
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