Socialist economies are on the rise- not just in resource rich former soviet states, but in developing countries across the globe including Ghana and Nepal. Are you curious to see what the average salary is in these socialist countries?
The average monthly salary in socialist countries varies from $350 to $25 and depends on the government form of the country.
Average salary in socialist countries
Best average salary in socialist countries.
All in all, the average salary in a socialist country varies greatly when compared to its counterparts. The economy of one country cannot be compared to another without taking into consideration the cost of living and government taxes. In the above list the net income has been used to determine the standard of living where a gross income would not be an accurate picture.
According to The World Bank, the average monthly wage in socialist countries is $563.33. The highest paying socialist country is Latvia, where the average monthly wage is $1241.93, followed by Estonia at $1240.85 and Bulgaria at $1167.38. On the other hand, the lowest paying socialist country is Venezuela, where the average monthly wage is only $493.
The average wage in socialist countries is lower than in capitalist countries. Not necessarily because of socialism but rather because of the higher population in these countries as a result of birth control, abortion/forced sterilization, and the like. Researchers are currently proposing alternative methods of birth control to help populations stabilize in more socialist countries while avoiding Western-style cultural values.
We are quite certain that, you too, are excited about the possibilities of each of the countries on our list. Your eyes shine with a unique gleam that lets us know you have been yearning for a change, an adventure abroad that will take your life to new places. One of the best aspects of being an entrepreneur is its endless opportunities and we want to help you reach every single one of them. We hope our list inspires you!
