Last Updated on January 17, 2023
Featuring maximum earn-download ratio and very good quality, this site is offering you the lists of highest paid doctors in the world. We were working on a list of highest paid doctors in the usa but we couldn’t find any credible data. So we decided to go global.
When talking about the highest paid doctors by country, what countries top the chart? Are you one of those that have been searching through the internet for information on the highest paid doctors in the world by country? Do you often get confused by the conflicting information you see on it online? You need not search further as you will find the answer to this question in the article below. 10 Highest paying countries for doctors, how much do doctors get paid? This depends on where you ask, although doctors are among the highest paid professionals in the world, their compensation varies due to different factors, in this videos we are going to
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In this post we will be looking at the highest paid doctors in different countries around the world. While these numbers may seem high, keep in mind that the average physician in these countries only earns $6,400 a year. In low and middle income countries, medical professionals can earn as little as $50 a month.
Highest Paid Doctors in the World
Doctors may not have chosen medicine for purely financial reasons. However, earning a decent salary certainly can help to give you (and your family) a good quality of life! After all those years of study, exams and on calls, wouldn’t you like to be compensated fairly? In this article we take a closer look at the financial remuneration that you can expect to receive in some of the highest paying countries for doctors.
There are wonderful benefits to working abroad (aside from financial reasons). These include :
- Improved professional skills
- Renewing your passion for medicine
- Personal Development
- Learning new non-medical skills
All salaries are shown in dollars and purchasing power parity (PPP) for comparative purposes. PPP is a theoretical exchange rate that permits the comparison of the purchasing power of different currencies, and allows us to directly compare the following salaries from multiple different countries.
The following salaries are the average remuneration for specialists and GPs, with the ranking based on an average of the two combined. Salaries have primarily been compiled from the OECD (Organization for Economic Cooperation and Development), the Swiss Federal Office of Public Health and the Doximity Report on Physician Compensation, with all numbers being up to date as of May 2020.
Best Countries For Doctors
A perennial favourite of doctors going to work overseas and it’s easy to see why!
Great weather, high salaries, opportunities to travel and a real focus on work-life balance.
Close to home, Netherlands offers good quality of life, the charismatic city of Amsterdam and a population of enthusiastic cyclists. In fact, according to a report by the European Commission, 36% of the population reports the bicycle as their most frequent mode of transportation!
Mountains, lakes, metropolitan cities and classical music. You name it – Austria has it! A central European gem not to be overlooked for doctors who are looking to improve their German language skills.
Ireland scores consistently highly on best paying countries for both specialists and GPs.
Close to home and full of natural beauty – but bring your rain gear!
Switzerland is a country that offers breathtaking landscapes, amazing opportunities for outdoor sports and umm… chocolate!
Divided into German, French, Italian and Romansh speaking parts, Switzerland is great for those with language skills or for those looking to improve them.
Beware though, it is very expensive! According to eurostat, Switzerland has the highest cost of living in Europe.
Dramatic landscapes, cultural cities, clean air, great work-life balance. Probably not for the faint hearted during winter.
Canada is consistently ranked as one of the best countries in the world to live in. It is recognized worldwide for its exceptionally high quality of life, progressive political environment and one of the healthiest economies in the world.
Another German-speaking country making the top 10 of highest paying countries for doctors!
Germany is known for its affordable cost of living, wonderful and hearty cuisine and welcoming culture. And if beer is your thing, you’ll feel right at home here!
Another close to home option that offers amazing salary opportunities for both specialists and GPs!
Belgium is divided into French, Flemish and a few German speaking parts, and offers local delicacies such as mussels, fries and waffles. No lack of cultural experiences and a much cheaper alternative to London!
The United States offers great professional development opportunities and pay for their doctors. A country of great diversity, there are many options to travel both within the US and to Central & South America. If you are planning on practicing in the United States keep in mind that you will have to sit the three-step USMLE exam before you can do so. Check out our Guide to Working in the USA.
A surprise winner – Luxembourg tops the list!
A small nation with just above six-hundred-thousand, Luxembourg offers a cultural mix between its neighbours Germany and France. This is reflected in the three official languages; German, French and the national language of Luxembourgish.
This often overlooked gem in western Europe offers exceptionally high pay for both GPs and specialists and a fantastically central location within Europe for travel outside of working hours!
A list of highest paid doctors in different countries. This is an amazing guide to lead you in the top of the global medical business. A big doctor team from infolearners.com calculated the list based on doctors’ incomes, their profession and its level of difficulty, life quality, etc.
Highest Paid Doctors In The World By Country
In most countries in the world, doctors are among the highest paid people in the country due to the challenging nature of the job and are responsible for the well being of the general population. Have you ever wondered which countries pay their doctors the highest? Here are the top 10.
1. UNITED STATES
Average yearly salary for a specialist – $370,000
Average yearly salary for a GP – $230,000
How much a doctor can make depends on where they practice and their gender. Generally, male doctors in the US make 36% more than their female counterparts. The pay gap was narrowest for anesthesiologists (12%), radiologists (13%) and family practitioners (14%). Orthopedists top the list with an annual average compensation of $443,000 (salary, bonus and profit sharing contributions), Cardiologists $410,000, demartologists $381,000 and the lowest being pediatricians $204,000.
Specialists are highest paid in North Dakota ($472,000) and lowest in Rhode Island ($291,000). Primary care physicians are highest paid in Arkansas ($330,000) and lowest in District of Columbia ($192,000).
Average yearly salary for a specialist – $338,000
Average yearly salary for a GP – $271,000
There are over 90,000 doctors in Canada and are increasing faster than the country’s population. The ratio of doctor to person ration stands at around 228 doctors per 100,000 people. The average pay ranges from $258,000 in Nova Scotia to $366,000 in Alberta.
Average yearly salary for a specialist – $260,000
Average yearly salary for a GP – $140,000
Neurological surgeons are the highest earners making as much as $430,000 a year followed by ophthalmologist with $420,000 and in terms of location those in Sydney or Melbourne can earn up to 50% more. Other medical specialist that get paid the highest are cardiologist, plastic and reconstructive surgeon and gynaecologist/obstetrician.
Average yearly salary for a specialist – $253,000
Average yearly salary for a General Practitioner – $117,000
Average yearly salary for a specialist – $188,000
Average yearly salary for a GP – $61,000
Average yearly salary for a specialist – $183,000
Average yearly salary for a GP – $125,000
Ireland spends around 8.1% of its GDP on health and has around 2.76 beds per 1,000 population.
7. UNITED KINGDOM
Average yearly salary for a specialist – $150,000
Average yearly salary for a GP – $120,000
Generally, salaries vary widely based on grade and experience of the doctor. Britain’s trainee doctors start at around £26,000 a year rising across 12 different pay bands to £65,000. Speciality doctors earn a basic salary of £37,923 to £70,700.
Average yearly salary for a specialist – $149,000
Average yearly salary for a GP – $60,000
The basic fee per patient in the country stands at around $28
Average yearly salary for a specialist – $130,000
Average yearly salary for a GP – $116,000
The country has around 32,000 doctors. The highest paid are the heart specialists, gastorenterologists, neurosurgeons and radiologists
Average yearly salary for a specialist – $91,000
Average yearly salary for a GP – $109,000.
The highest paid doctors in the world are getting rich by the demand for their services because of the current increase in medical awareness and the ability to travel more within an around the world. People want to live a good healthy life and this is one of the successful steps taken to reach it. The rise in medical awareness has brought an increase in the number of surgeries, procedures as well as sophistication of advanced medical equipment/technology. On an average, a top ten doctor is making $90 million annually per specialist .
Lowest Paid Doctors in the World
According to the 2015 Medscape Physician Compensation Report, many U.S. physicians believe they are not fairly compensated for their work. Less than half of the American ophthalmologists and general surgeons surveyed believe they are fairly compensated for their work and sacrifice.
One of the most common questions from medical professionals concerned about their compensation is, “What do medical jobs pay in other parts of the world?” It is a simple question on the surface, but calculating real incomes can be complex.
There are many factors that must be included when calculating physicians’ real incomes all around the world including:
- Varying cost of living between countries
- Differences in tax rates between countries
- Differences in overhead for various medical field jobs
- Different medical field jobs have different pay rates in each country
- Different demand for medical jobs in each country
- Different forms of remuneration for different specialties and medical practices
It’s worth examining the pay rates of physicians within the OECD countries separately because these countries all have advanced medical systems. OECD stands for the Organization for Economic Co-operation and Development. It is an international economic organization that has 34 member countries, including the United States.
It should come as no surprise that the highest paid physicians in the world are from the Netherlands and the United States. The relatively high cost of medical services in the United States drives physician salaries. Be forewarned: if you are from the United States or the Netherlands, the lowest rates of pay that doctors receive may come as a shock to you!
Physicians with the Lowest Incomes — Relative Remuneration
One useful comparison when evaluating physicians’ incomes is looking at how much they are paid relative to other people in the economy. In the OECD, general practitioners are paid the least in the following countries:
- Hungary (1.4 times the average wage)
- Estonia (1.7 times the average wage)
- Australia (1.7 times the average wage)
- Netherlands (1.7 times the average wage)
- Finland (1.8 times the average wage)
- Slovakia (1.9 times the average wage)
- Source: http://www.oecd.org/health/health-systems/48832370.pdf P9. 2011 Figures.
Specialists in the OECD are paid the least in the following countries:
- Hungary (1.6 times the average wage)
- Norway (1.8 times the average wage)
- Slovakia (1.8 times the average wage)
- Estonia (2.1 times the average wage)
- Finland/United Kingdom (2.6 times the average wage)
- Source: http://www.oecd.org/health/health-systems/48832370.pdf P9. 2011 Figures.
The OECD report points out that even this form of comparison may not be entirely accurate because of different forms of bonuses, practice expenses, and other informal payments.
Physicians in Hungary can earn 10 times less than doctors in other OECD countries. It is common for well trained physicians to receive only 270,000 HUF or $1,000 per month in Hungary (Lestyánszky, 2015).
Other medical jobs in Hungary also have a relatively low salary including nurses and health administrators. Health workers can earn as little as 141,000 HUF or $520 per month (Lestyánszky, 2015).
In terms of all European countries (including those not in the OECD), the only countries that may have a lower wage for doctors are Romania and Bulgaria (MEDLINES – Medical Headlines, 201
What earns the most? If you’re a doctor in Uruguay, your earnings will be very small. In comparison, if you’re a doctor in the United States Hope you get all of your questions answered by the following infographic.
Lowest Paid Doctors in the World
In many countries, physicians earn less than people in occupations that require less training and qualifications. In those countries, physicians are often regarded as public servants who do not need require high levels of compensation.
It should be no surprise that developing nations pay their physicians the least. In many areas of China, for example, doctors are paid about 2,524 Yuan–$406 a month (China.org.cn, 2015). To give that some perspective, a hotel receptionist in China can earn 2,507 Yuan, or about $403 USD per month.
Another country with extremely low salaries for doctors is Egypt. When physicians went on strike in 2011, they were earning $46 a month when working in a public hospital (Yahoo News, 2015). Doctors in Egypt have made some ground since then, but are still paid very poorly compared to physicians in the rest of the world.
Cuba pays physicians even less. The country also has one of the highest numbers of physicians (per capita) in the world (Data.worldbank.org, 2015). Cuba has been training thousands of doctors every year for many decades and leads the world with the lowest patient to doctor ratio, 155:1, while the U.S. trails way behind at 396:1 (Souers, 2012). With a surplus of Cuban doctors, Cuba may feel less incentive or ability to pay physicians too much. Just a few years ago, Cuban doctors received an estimated wage of between $30 and $50 per month (Newman, 2012)—arguably the lowest paid doctors in the world. However, the climate in Cuba is changing for doctors. A year ago, the most qualified Cuban physicians (with two specialties) were able to earn up to $67 per month (Associated Press, 2014).
It is always eye-opening and humbling to look at these figures. What could you ever afford with an income of $67 per month in the United States?
Pablo Horteg–Staff Writer for DoctorCPR.com–America’s #1 Site for Medical Jobs + Practice Resources
Highest Paying Countries for Doctors in Africa
It has been documented that Africans are 10 percent more likely to live through a coup than people in other parts of the world.
This has often been blamed on the continent’s history of coups and the poor economic conditions most countries face.
But over the decade, such military takeovers have become less common with most countries taking instrumental measures to grow their economies and improve their political environments.
Expatriates and multinational companies have even been attracted to most of these countries, and have invested big in them. At the moment, there are so many job opportunities in Africa with better salaries for anyone looking to move to the continent.
Numbeo, a body that provides timely information on world living conditions recently listed the countries in Africa with the highest paying jobs and salaries. Here are the top 10:
Having one of the largest reserves of natural gas in the world, hydrocarbons have been the backbone of the economy, accounting for roughly 30% of GDP, and nearly 95% of export earnings. People in Algeria are paid an average of $295.22 a month.
Ghana’s rich and diverse natural resources, as well as its stable political system and respect for press freedom and free speech, have contributed to the growth of its economy. Apart from the oil sector, its economy is driven by manufacturing, automotive, industrial minerals, ship construction, among others. The country has an average monthly salary of $313.00.
Despite some of its economic and political shortfalls, the country has some of the best average wages. The average monthly salary after tax is $352.78.
he average net salary in Morocco is $402.41 per month, and with a stabilizing economy, a lot of expats are mostly attracted to the country. If you want to make it big in the country, enter the well-paying job sectors; these are human resources, manufacturing, banking, business, and finance as well as tourism.
A recent World Bank report said Tanzania’s economy has witnessed impressive annual growth averaging between 6 to 7 percent. Most people are dependent on agriculture, with insurance and financial services being the highest paying sectors.
One of the best countries in Africa to do business with a stable political system, people in Mauritius are paid an average monthly salary of $666.66. Its highly paid sectors are finance, manufacturing, and tourism.
Having sufficient diamond deposits and being among the world’s top five producers of uranium, the average net salary in Namibia after taxation is $753 per month.
Having the highest number of wealthy persons in Africa, South Africa is also the continent’s mining, industrial, and financial hub. Most of its highest-paid professionals are software engineers, lawyers, IT managers, air traffic controllers, and architects. The average monthly net salary after tax is $1,188.89.
Data from Numbeo show that Zambia has an average monthly salary of $1,482.22 while the cost of living and rent is low compared to many African countries. The GDP per capita is $1,607.36, with its lucrative sectors being finance and banking, mining and telecommunication.
Despite the mayhem that followed the death of ex-leader Muammar Gaddafi and the pockets of violence that are still in the country, Libya’s job market remains lucrative. The economy of the mostly desert and oil-rich country has been favourable, with statistics from Numbeo showing that the average monthly net salary after tax in Libya is $1,713.77.
Among the world’s ten richest oil-producing countries, some of the highest-paying jobs are in oil and mining, as well as, in banking and finance.