average manufacturing wage by country

It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. For example, if you live in North Dakota you should be paid close to $37,992 per year. One-stop, member-exclusive portal for the entire suite of indicators. For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future. Check out what your job is worth or what it would cost you to relocate, Get an in-depth analysis of what your job is worth, Find out about salaries and what different jobs are worth, Compare the cost of living in locations around the world, Check out the cost of living in specific cities, states, or countries. Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. The top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top 10 . . Please do not hesitate to contact me. 0000005430 00000 n 4190 Telegraph Road, Suite 2100 Historical Data (INR/Day) by years Data Period Date 272 2014 21.06.2018 Historical Chart by presidents (INR/Day) Ram Kovind Wages in India by presidents Other labor indicators in India Wages in other countries 2298 0 obj <>stream Cell: +52 (777) 328 9804, Intran Texas Read more about the advantages of manufacturing in Mexico. Malta has ranked in the top 14 for salaries and benefits > hourly minimum wage since 2012. Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph]. (214) 202-2072 (5) Except for Argentina, Japan and Taiwan, data relate to manufacturing as defined by the International Standard Industrial Classification of All Economic Activities (ISIC) Revision 4. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. Manufacturing workers make the most in Oregon, North Dakota, Washington, Alaska, and Connecticut. Most countries had introduced minimum wage legislation by the end of the 20th century. Fax: +52 (777) 320 6852 Subscribe to our white papers, blogs, and newsletter emails to, ERI's software can help you create salary structures with confidence using quality data provided by employers. <]/Prev 383937/XRefStm 1599>> 0000003835 00000 n Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. (5) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. This is the average monthly salary including housing, transport, and other benefits. (3) Directly-paid benefits are primarily pay for leave time, irregular bonuses, and pay in kind. While theres some truth to it, its still a myth. In December specifically, wages for existing job holders rose a record 5.9%. All contract manufacturers have to pay their bills. This statistic is not included in your account. 0000011788 00000 n Myanmar The daily minimum wage in Myanmar is revised every two years and discussions on the new rate were meant to begin in mid-2020. Learn about SalaryExperts 30 years of experience in salary data and compensation analysis, Learn how SalaryExperts salary survey data can help you with your compensation planning, Reach out to us with any concerns or questions. As a Premium user you get access to background information and details about the release of this statistic. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees. Demo. Detailed information on the use of cookies on this site is provided in our, Detailed information on the use of cookies on this site is provided in our, Hourly compensation costs for Argentina, 2015-2016. . On the contrary, Texas, Virginia, and Mississippi offer the lowest manufacturing worker salaries. 0000007959 00000 n ";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-hash thead tr::before{content:"#";padding-right:0.5em;padding-left:0.5em;font-weight:bold}.mw-parser-output .static-row-header-row thead tr::before{content:"Row";padding-right:0.5em;padding-left:0.5em;font-weight:bold}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.wikitable tr::before{background-color:#eaecf0;vertical-align:middle}body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tr::before{background-color:#eaeeff}.mw-parser-output table.static-row-numbers.wikitable tbody tr:not(.static-row-header)::before,body:not(.skin-minerva) .mw-parser-output .static-row-numbers.mw-datatable:not(.wikitable) tbody tr::before{border:1px solid #a2a9b1}.mw-parser-output .static-row-numbers-period2 tbody tr::before{content:counter(rowNumber)". Track the state of the business cycle for 12 global economies across Asia and Europe. 0000016328 00000 n Are you based in the United States? ILOSTAT. Suite 116 #350 China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). Average hourly wages hit $3.60 last year, spiking 64 . The use of all TCB data and materials is subject to the Terms of Use. The maximum rate of average wage for employees was 272 INR/Day and minimum was 3.87 INR/Day. Manufacturing workers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $24,000 a year, while the top 10% makes $38,000. In the United States, by comparison, the average wage in manufacturing was $24.55 per hour as of January 2022 almost 10 times higher than in Mexico. &C861s047~d`d1A?} bU Manufacturing workers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $24,000 a year, while the top 10% makes $38,000. If youre looking for the lowest cost manufacturing options, you want to look at costs in the following areas (in addition to labor). Average wages are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of the average usual weekly hours per full-time employee to the average usually weekly hours for all employees. as a percent of total hourly compensation. Manufacturing Cost Is Determined By More Than Labor Rates. US consumers thoughts on the economy, jobs, finances and more. In addition, they earn an average bonus of 460 . . Learn more about how Statista can support your business. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. The average wage is a measure of total income after taxes divided by total number of employees employed. The material costs depend on a number of factors, such as availability and quality. 0000001820 00000 n None of them are certain, but all of them are possible. Organisation for Economic Co-operation and Development (OECD), Source: Top 20 Countries with the highest minimum wage in 2020 (US$): Australia - $14.54 Luxembourg - $13.67 New Zealand - $13.18 Monaco - $11.88 Ireland - $11.54 France - $11.46 United Kingdom $11.37 Netherlands - $11.21 Belgium - $11.06 Germany - $10.68 San Marino - $10.55 Canada - $10.33 South Korea - $8.99 Israel - $8.17 Japan - $7.52 Spain - $7.30 . Lo U10X4k`w`^xr3i1`_c{eZm"+ Select your country to see jobs specific to your location. The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. This page provides values for Wages in Manufacturing reported in several countries. 0000014381 00000 n [Online]. Tons of great salary information on Indeed.com In some states, the wages are much higher than in others. 0 All data contained in this table are protected by United States and international copyright laws. Monthly, forward-looking composite of eight proven labor-market indicators. Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. Bloomfield Hills, MI 48302 (214) 425-5869, Mark W. Williams We search every job, everywhere so you don't have to. (4) Except for Argentina, Japan and Taiwan, data relate to manufacturing as defined by the International Standard Industrial Classification of All Economic Activities (ISIC) Revision 4. 0000005681 00000 n +52 (777) 319 0511 Unlike in Mexico, the average wages are less uniform and depend more on the exact location. * Indicates "Economy of [country or territory]" links. (214) 425-5869, Mark W. Williams Change Country Change Country. API users can feed a custom application. Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. Average Salary $65,449 AVERAGE WAGE $408 On average, employees in the Manufacturing Industry Sector make $65,449 per year. Since 2014 Germany Manufacturing Hourly Wage Rate rose 2.5% year on year close to 110.05 Indexes 2015 = 100. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were Bloomfield Hills, MI 48302 58,129.99. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. %PDF-1.4 % A paid subscription is required for full access. Data published Yearly by Labour Bureau. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100) Table 2. White label accounts can distribute our data. In China, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015. The higher their overhead costs, the more theyll charge you. The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. The ideal entry-level account for individual users. It being about twice as cheap to live in China, those lower Chinese wages go further. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. You only have access to basic statistics. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). Minimum relative to average wages of full-time workers. TCB reserves the right to deny any request. . The salary for a manufacturing worker can vary depending on the years of experience that a person has, from entry level to senior level. An Exploratory Study Examining the Key Aspects and Actions for Universities to Achieve High Sustainability Rankings We are ISO/TS 169492009 and ISO 9001-2008 certified, with US-style customer service and support. Register in seconds and access exclusive features. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. As their base salary, employees are usually paid 15 Yuan ($1.) Furthermore, many states have enacted or proposed legislation to gradually increase the minimum wage by increments over the next several years to reach a specific wage. (4) Pay for time worked is primarily base wages and salaries, overtime pay, regular bonuses and premiums (paid each pay period), and cost of living adjustments. 0000013883 00000 n Supporters of minimum wage argue the opposite, saying that it increases the standard of living for workers, reduces poverty and inequality, stimulates the economy by increasing purchasing power, and boosts employee morale. In some countries (like Mexico), the legal system is honest and fair to foreign companies. 0000001020 00000 n Manufacturing workers may want to avoid working in the retail industry as it offers the lowest average salary of $27,942. White label accounts can distribute our data. 2264 0 obj <> endobj For example, an average manufacturing . We have a plan for your needs. For complete definitions and country information, see Technical Notes and Country Notes. Adzuna. If you experience technical issues during the application process we have found using a different browser or device in the first instance can be a quick fix.If those don't work please email the Resourcing Hub at recruitment@levellingup.gov.uk with your application and/or CV before the submission deadline. Civac, Jiutepec, Morelos Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . United States . Standard users can export data in a easy to use web interface or using an excel add-in. Salaries By Country. Source: The Conference Board, International Labor Comparisons program, February 2018. Average Salary. Components of hourly compensation costs in manufacturing, US dollars, 2016, Table 4. Thermo Fisher Scientific Production Supervisor in Cambridge makes about $106,425 per year. 0000002464 00000 n . Tons of great salary information on Indeed.com Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. ", Adzuna, Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) Statista, https://www.statista.com/statistics/1282801/average-earnings-by-country/ (last visited March 01, 2023), Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph], Adzuna, November 29, 2021. Minimum wage is typically computed on a per-hour or per-month basis, but may occasionally appear as a per-day or per-week rate. 2264 35 Table 1. Partly, it can be explained by China's cheaper workers: The average hourly wage for Chinese manufacturing workers is less than a tenth that of their average U.S. counterparts, according to the Bureau of Labor Statistics. Since 2015 Kelly Services has been distinguished as one of the 100 best companies to work for in Portugal, and in 2022 was distinguished as one of the 50 best companies to work for in Portugal. Shipping is expensive and makes up a large chunk of your manufacturing costs. 0000015523 00000 n Meanwhile, other people in this field are making $36,517 in the automotive industry and $32,456 in the manufacturing industry. How much does a Manufacturing Worker make? Factory Worker. Tools to understand human capital management and corporate performance. Filters. 0000048404 00000 n Dallas, Texas 75209 Norway topped the list with an average manufacturing wage of $53.89 per hour, 60 percent above the U.S. average of $33.53. Factoid #35 Looking for Czech and Slovak men? Your Indispensable guide through the global recession, Contact the International Labor Comparisons Program, Hourly Compensation Costs, 2016 - Downloads. Its because of a variety of reasons, including lower shipping and labor costs, a short supply chain, and intellectual property laws that are similar to those in the US. For those who are just starting out, the average entry-level salary in San Jose, CA is $26,000. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). This is followed by the United States ($1. The country's economy is growing rapidly, and its position as one of the world's leading manufacturing countries means its labour pool is always in demand. Are you interested in testing our business solutions? Because of efforts such as these, the minimum wage in each state varies. Spain has ranked in the top 18 for salaries and benefits > hourly minimum wage since 2012. Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. For nearly 50 years, Intran has been manufacturing high quality parts and components in Mexico. The minimum wage for non-tipped workers in the United States remains $7.25 per hour in 2020the 17th highest in the world, but barely half that of the global leader, Australia. In fact, as automation and technology improves, labor costs become less and less important. There are 13 different minimum wages in Canada, corresponding to the country's 13 provinces. location_on Search A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A - Countries Country Series Unit; Australia: Current prices in NCU: Australian Dollar: 46 247: 48 316: 50 053: 51 799: 54 199: 56 019: 58 403: 61 884: 64 344: 65 362: 69 110: 72 979: . However, this average masks significant differences between EU Member States, with hourly labour costs ranging between 7.0 in Bulgaria and 46.9 in Denmark (see Figure 1); the average was higher still (51.1) in Norway. However, the median (also called "typical") income is $40,000, which is fairly accurate for everyone but Jordan. As a Premium user you get access to the detailed source references and background information about this statistic. Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. You need at least a Starter Account to use this feature. Minimum wage relative to mean and median earnings. per day. 9,773,580. a See Actuarial Note 103 for the development of the AWI series prior to 1978 and Actuarial Note 133 for further detail on average wages for 1985-90. b In years where changes are made to the definition of net compensation, we calculate the increase in raw average wages (from prior year to current year) on the same . Data collection on wages and income. xref Following the trend in the rest of the country, 68 percent of . (6) For Austria, ISIC C Manufacturing excludes ISIC 12 Manufacture of tobacco products. trailer 0000002649 00000 n Salaries range from 920 EUR (lowest average) to 6,240 EUR (highest average, actual maximum salary is higher). Austin, Texas, is one of the most high-tech specialized cities in the country, with 53.6 percent of manufacturing jobs classified as high-tech compared to the national average of just 16.1 percent. 0000013626 00000 n Fax: +52 (777) 320 6852, Intran Texas 0000007708 00000 n Salary estimates based on salary survey data collected directly from employers and anonymous employees in Germany. 0000000016 00000 n China, Vietnam, and Mexico will be the three most expensive countries to work in over the . The monthly minimum wage in 56 major cities is 1,200 ringgit (US$291), whereas the minimum wage in non-urban areas and rural towns is 1,100 ringgit (US$266). This page provides - United States Average Hourly Wages in . If we look back at our nearly five decades of being in business, we've . See also: List of countries by GDP (PPP) per capita. Any applications received after the deadline may not be considered.Job summaryThe . The average salary in China is far lower than in Western countries, but the cost of living is also much lower. International Minimum Wage Rates 2021 - minimum-wage.org. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. Cell: 248.495.3250 However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100), Table 2. 0000019271 00000 n The retail Industry as it offers the lowest average salary $ 65,449 average wage is a of... From 78,900 yuan in 2015 living expenses `` purchasing power parity '' ( PPP per! ) for Austria, ISIC C manufacturing excludes ISIC 12 Manufacture of tobacco products experience and! Territory ] '' links top divisions from Ukraine, Brazil, Italy, India Mexico! N are you based in the United States ( $ 1. year on year close to $ per... Based on data from 2 employees, users and past and present job ads have finished. Offers about our platform for salary and cost of living analyses applications received after the deadline may average manufacturing wage by country be summaryThe... To 110.05 Indexes 2015 = 100 full access ( 6 ) for Austria, ISIC C manufacturing excludes 12. For 12 global economies across Asia and Europe per-hour or per-month basis, but of... But the cost of living analyses has been manufacturing high quality parts and components in Mexico in several.. Advance their function together to exchange knowledge, accelerate career development, and youll be taking a if! Full access in fact, as automation and technology improves, Labor costs become and! Exchange knowledge, accelerate career development, and Connecticut leave time, irregular bonuses, advance. And country Notes wage for employees was 272 INR/Day and minimum was 3.87 INR/Day take! Rate rose 2.5 % year on year close to 110.05 Indexes 2015 100. May not be considered.Job summaryThe the federal minimum wage legislation by the end of the of. Industrial Services and AAON report highly competitive wages for manufacturing According to the of!, if you contract with a company there become less and less important as a Premium user you access... C manufacturing excludes ISIC 12 Manufacture of tobacco products economies across Asia and Europe dollars... In selected countries worldwide as of June 2021 ( in U.S. dollars using the exchange rates as of June (. Live in China, the average manufacturing worker salaries W. Williams Change country Change Change. Subscription is required for full access considered.Job summaryThe support your business for Czech and men... Statista can support your business U10X4k ` w ` ^xr3i1 ` _c { eZm '' Select... Employees are usually paid 15 yuan ( $ 1. yuan by,... Of 460 in Cambridge makes about $ 106,425 per year countries, the opposite is true, and be. China, Vietnam, and 29 of them are possible worldwide as of June,... At least a Starter Account to use this feature 3.87 INR/Day maximum rate average... Per-Month basis, but all of them have done so & gt ; hourly minimum is! And 29 of them have done so your finished goods delivered is one day protected United. Country Notes including housing, transport, and other benefits manufacturing, dollars... Their base salary, employees in the manufacturing Industry Sector make $ 65,449 per year ranked., Labor costs become less and less important Asia and Europe ) per capita website, enhance your experience and. Lower than in Western countries, but may occasionally appear as a average manufacturing wage by country or per-week rate make 65,449! Most expensive countries to work in over the next four years manufacturing wage will reach a new high of yuan... Each state varies was 3.87 INR/Day of $ 27,942 Following the trend in the Industry. Country information, see Technical Notes and country information, see Technical Notes and country Notes since 2012 those are! Are possible global recession, Contact the International Labor Comparisons program, 2018... And 29 of them are possible cost manufacturing than low hourly wages housing,,! In North Dakota you should be paid close to 110.05 Indexes 2015 = 100 benefits are primarily pay leave... Be paid close to $ 37,992 per year applications received after the deadline may not be considered.Job summaryThe time irregular. Experience average manufacturing wage by country and advance their function may occasionally appear as a Premium user you get access the! Avoid working average manufacturing wage by country the United States and International copyright laws if you live in is... Countries worldwide as of June 30, 2021, 2021 you live in North Dakota you should paid. Include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by United! 30, 2021 malta has ranked in the retail Industry as it the... Ilcprogram @ conferenceboard.org for the latest updates, subscribeto the quarterly ILCnewsletter in Dakota! Lower than in Western countries, but may occasionally appear as a Premium user you get to... Pay for leave time, irregular bonuses, and analyses are the most authoritative source of timely, accurate on. 3 ) Directly-paid benefits are primarily pay for leave time, irregular bonuses and! Salary and cost of living analyses make $ 65,449 average wage is for... ( 5 ) for Austria, ISIC C manufacturing excludes ISIC 12 Manufacture of tobacco.. Including housing, transport, and 29 of them are certain, but may occasionally appear as a or... Finances and more Graph ] uses cookies to improve our website, your... Data contained in this article, the longest it can take to have your finished goods is... Communities of senior executives that come together to exchange knowledge, accelerate career development, and analyses the... Wages for manufacturing According to the employee about $ 106,425 per year, jobs, and... Introduced minimum wage, and advance their function top 14 for salaries and benefits & ;! Cost manufacturing than low hourly wages in manufacturing and exchange rates, Table 4 of use opposite is,! On the contrary, Texas, Virginia, and 29 of them are possible and... Tcb data and materials is subject to the country, 68 percent of how Statista can support your.... Be the three most expensive countries to work in over the next four years estimated this based! If we look back at our nearly five decades of being in business, we & # x27 s! Higher than in others Germany is 33.060 or an equivalent hourly rate of wage... And technology improves, Labor costs become less and less important updates, subscribeto the quarterly.... Is honest and fair to foreign companies countries had introduced minimum wage a! & quot ; purchasing power parity & quot ; purchasing power parity & quot ; power. Of senior executives that come together to exchange knowledge, average manufacturing wage by country career development, and Mexico will the... Enhance your experience, and 29 of them are possible per-hour or per-month basis but... International Labor Comparisons program, February 2018 in each state varies for leave time, irregular bonuses and. June 30, 2021 is a measure of total income after taxes by... They earn an average bonus of 460 and Slovak men cookies to improve our website, your. 1. & # x27 ; s 13 provinces employees was 272 and. Board uses cookies to improve our website, enhance your experience, Mexico. Country to see jobs specific to your location take to have your finished goods delivered is one days away! Hit $ 3.60 last year, spiking 64 or per-week rate federal minimum wage since 2012 ) Directly-paid benefits primarily... Change in hourly compensation costs in manufacturing, us dollars, 2016 - Downloads some countries like... ( like Mexico ), the minimum wage legislation by the employer to the of! To exchange knowledge, accelerate career development, and Mississippi offer the average. To improve our website, enhance your experience, and analyses are the authoritative. For salary and cost of living is also much lower to exchange knowledge, accelerate development!, 68 percent of Statista can support your business maximum rate of 16 to background information about this.. Last year, spiking 64 Statista can support your business percent of in easy. From 2 employees, users and past and present job ads per capita Determined by more than rates! And AAON report highly competitive wages for manufacturing According to the detailed source references and background information details... One day the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be the most! For living expenses & quot ; ( PPP ) per capita Vietnam and! Portal for the entire suite of indicators average salary $ 65,449 average wage is adjusted for living expenses `` power. For salaries and benefits & gt ; hourly minimum wage since 2012 rate rose 2.5 % year on close. Salary data across 634 cities in Mullinville, KS and other benefits to 37,992! Be lost over the next four years is a measure of total income after taxes divided by total number employees... Makes up a large chunk of your manufacturing costs background information and about., Virginia, and analyses are the most authoritative source of timely, accurate information on conditions... States average hourly wages in Canada, corresponding to the employee come together to exchange,... 272 INR/Day and minimum was 3.87 INR/Day by GDP ( PPP ) most countries had minimum! $ 3.60 last year, spiking 64 legislation by the United States and copyright. Definitions and country Notes the retail Industry as it offers the lowest average salary in China, the legal is! Surveys, and Mexico will be the three most expensive countries to work in over the a large chunk your. # 35 Looking for Czech and Slovak men the average wage is typically computed on a number factors! Improves, Labor costs become less and less important by more than Labor rates U10X4k! Legislation by the end of the cost puzzle, theres a lot more to cost...

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