Salaries in Europe: Top 10 Countries with the Highest Salaries

Salaries in Europe: Top 10 Countries with the Highest Salaries

In the country where one earns the most in Europe,  salaries are more than 22 times higher than in the   last-ranked country. Strangely, in the country  where one earns the most, there is unfortunately   one of the highest Gender Pay Gaps in Europe, with  men earning almost 18% more than women. While in  

Only one European country, women earn more. This  demonstrates the significant difference within   the small European continent. In this video,  we want to show you the Top 10 Countries with   the Highest Salaries in Europe. All the data we  present represent gross figures, but we are also  

Preparing a video on European countries with  the highest and lowest taxes. For this video,   we relied solely on official data from the  UN, the European Union, and the OECD, and you   can see our sources better in the description.  Welcome to this new video from Amazing Europe.

Number 10: United Kingdom. Let’s start with the negatives:   it’s true that the United Kingdom ranks tenth,  but the cost of living here is high. So,   although the UK is in this TOP 10, it  actually ranks fifteenth in Europe when   considering the ratio of average salary to  purchasing power. However, salaries are high,  

Around 3,800 euros gross monthly. There  isn’t a significant difference between   the four nations that make up the United  Kingdom. Taking the extremes, in England,   one earns about 4,000 euros more than in Wales.  But the highest salaries are definitely in London,  

Averaging 41,000 gross annual. Even though  we should note that the cost of living is   higher in this city. For some examples of  salaries, in the UK, a specialist doctor   earns just over 136,000 euros gross annually,  a nurse 42.5 thousand euros, and a teacher  

40 thousand euros. In the UK, men earn 7.7%  more than women. The Gender Pay Gap has slightly   decreased in recent years in the United Kingdom,  as in all nations in this ranking, except one! Number 9: Austria. With around 3,900 gross monthly,  

Austria ranks eighth in this ranking. If we look  inside the country, we will discover that there   is a not insignificant difference between  the various federal states of Austria. The   federal states where one earns the most are  those at the extreme east and extreme west,  

And here one can earn up to 6,000 euros more gross  annually than in Tyrol or Salzburg. Strangely,   even the federal state of Vienna has a medium  salary among the lowest in Austria. Giving   examples of salaries, and remembering that these  can vary greatly depending on various factors such  

As age or the specific sector in which one works,  we can say that a doctor in Austria earns about   90,000 euros gross annually, a nurse about 45,000,  while a teacher about 39,000 euros. In Austria,   highly paid are also Software Architects  and Program Officers. But the real problem  

In Austria is the Gender Pay Gap. On average,  men earn 18.8% more than women, making Austria   the second country in the European Union with a  higher Gender Pay Gap, second only to Estonia. Number 8: Belgium. If Austria’s Gender Pay Gap is one  

Of the highest, Belgium’s is one of the lowest:  5%. Belgium ranks eighth in this ranking with   a gross average monthly salary just over 4,100  euros. Belgian doctors earn more than Austrians,   but less than the British. Very well paid,  however, are nurses, with an average of 72.5  

Thousand euros gross annually, second  in Europe in this category. However,   Belgian teachers fare worse than colleagues in the  two other countries we have seen so far, with an   annual salary just over 33,000 euros. Belgium is  divided into three regions: Flanders to the north,  

Wallonia to the south, and Brussels-Capital  Region. The Flanders region has the highest   salaries, while Brussels is the region with the  lowest salaries, on average 6,000 euros less than   in Flanders. Also in Belgium, the highest-paid  jobs are those related to information technology,   such as Network engineers or system  administrators, but also Management & Direction.

Number 7: Netherlands. Next to Belgium, both geographically and in this   ranking, we find the Netherlands. The salary in  this small state is just a little higher than that   of Belgium, but what distinguishes it from its  neighboring country is the significantly higher  

Gender Pay Gap: 13.5%. In the public sector, this  Gap is gradually decreasing, but unfortunately,   there are no substantial reductions in the private  sector, where women earn an average of 19% less   than men, and this data has been quite stable  since 2016. The salary of specialist doctors  

In the Netherlands is among the highest in the  European Union, with almost 161,000 euros gross   annually. Nurses also do not fare badly, with  60,000 euros annually. Teachers in this country,   on the other hand, earn about 38.5 thousand euros.  As for the salary difference within the country,  

In the western provinces, one generally  earns more than in the eastern provinces.   The two provinces with the highest  salaries are Utrecht and North Brabant. Number 6: Ireland. Ireland has truly made   giant strides in recent years and has earned a  well-deserved sixth place in this ranking. The  

Average gross monthly salary is around 4,600  euros. In this wonderful island, men earn on   average 11.3% more than women, a figure just below  the EU average, which is 12.7%. Irish doctors are   among the highest-paid in Europe, earning nearly  173,000 euros gross annually. The annual salary of  

Nurses is 57,000 euros and that of teachers  is 37.5 thousand euros. Regarding teachers,   Ireland and the Netherlands are among the  countries in the European Union where the   salary increases the most in less time.  In fact, the salary of teachers in these  

Two countries can increase by over 60% in the  first 15 years of service. Even the minimum   wage is constantly increasing. As of January  1, 2024, the national minimum wage in Ireland   for employees over 20 years old has increased  from 11.30 to 12.70 euros per hour. In Ireland,  

There is a significant difference between city  and rural workers. Those in the city earn about   9,000 euros more, and especially in Dublin,  one earns 16.6% more than the national average. Number 5: Denmark. We have reached the   second happiest nation in Europe according  to the World Happiness Report 2023. If you  

Want to find out the first, you can  watch the video we made on this topic,   which you can find here at the top and in the  description. Danes make a significant leap forward   compared to the Irish and earn just over 5,100  euros gross monthly. The cost of living is high,  

But high salaries mean that Denmark takes second  place in Europe when considering the ratio of   average salary to purchasing power. Another  thing that is high in Denmark is taxes, but we   are preparing a video on taxes in Europe. If you  don’t want to miss it, subscribe to the channel  

And click on the bell. A strong point of working  here in Denmark is the great work flexibility.   Danes feel comfortable changing jobs to advance  their careers, and every year, about 25% of   those working in the private sector change jobs.  The Gender Pay Gap is 14.2%, so unfortunately,  

It is also higher than the European average here.  Danish doctors are the highest earners in Europe,   with 156,000 euros gross annually. Nurses  earn 66,000 euros, and teachers 48,000 euros. Number 4: Norway. According to Eurostat data,   Norway is the only country in Europe where the  Gender Pay Gap has increased in recent years.  

The latest official data is from 2021 and report  that Norwegian men earn 14.3% more than women,   while in 2018, they earned 13.2% more. Norwegians  earn a few tens of euros more than Danes,   about 5,200 euros gross monthly. The 10% of  the lowest-paying jobs in Norway in 2022 had an  

Average monthly salary of about 2,500 euros, while  the top 10% of the highest-paying jobs received   almost 9,500 euros. Norwegian nurses and doctors  are not among the highest earners in Europe,   and moreover, nurses and health assistants are  the professional group with the greatest shortage,  

But there is a shortage in almost all professions  in the health and care field. The shortage is even   greater in rural areas, where the percentage  of elderly people is high while many young   people move to cities to study. The sector  where the highest salary growth is recorded  

In Norway is the oil sector, with Managers  being able to earn 10,500 euros per month. Number 3: Iceland. The bronze medal goes to this   wonderful island in Northern Europe. Icelanders  earn just under 5,900 euros gross monthly, but the  

High cost of living means they rank thirteenth  in Europe when considering the ratio of salary   to purchasing power. Here, women earn 10.4% less  than men. The most lucrative job category in the   country is that of directors and CEOs of companies  and institutions, earning about 13,400 euros per  

Month. The least lucrative category is instead the  professions related to childcare, with an average   salary of 2,600 euros per month. In Iceland,  the labor market has laws that protect workers   more than in many other European nations. To give  an example, when working on Saturday or Sunday,  

Payment must never be less than 4 hours  of overtime, even if less time is actually   worked. If an occasional performance of one  hour is offered, for example, if there is an   emergency and one can go to work for an hour  or two, the employer must pay four full hours.

Number 2: Luxembourg. Not only are salaries   in Luxembourg extremely high, but they are  constantly increasing. Just think that in 2023,   the legally mandated minimum wage increased twice,  and now it is 2,571 euros. The average salary,   on the other hand, is 6,055 euros gross monthly.  But what really makes Luxembourg special is its  

Gender Pay Gap: it is the only European country  where women earn more than men. In recent years,   women have earned 0.2% more than men, and this  data is improving, considering that in 2018,   men earned 1.4% more than women. Why  is Luxembourg so rich? Obviously,  

For several reasons, but analysts claim that it  is mainly because it manages to attract foreign   multinational corporations, thanks to its past  status as a tax haven and also because it now   has very low corporate taxes. According to the  report entitled “The axis of tax avoidance,” EU  

Member states are losing over 27 billion dollars  annually in corporate taxes that should have   been paid by American multinationals abusing  the law to move their profits to Luxembourg,   Switzerland, the Netherlands, and the United  Kingdom, where corporate tax rates range  

From 0.8% to 10%. We know this is a complex  issue. Write in the comments what you think! Before discovering the European  country with the highest salaries,   if this video has interested you, we invite  you to like it, subscribe to the channel, and  

Click on the bell to activate all notifications.  This gesture costs you nothing but would help us   spread our project to make European culture and  society more and more known. Thank you very much! Number 1: Switzerland. Certainly, many of you will have thought:  

“Well, it’s not news!”. And indeed, it’s true!  It is well known that Switzerland is the European   country with the highest salaries: an average of  7,400 euros gross monthly. What may be a surprise,   however, is the large Gender Pay Gap in  this country. In fact, in Switzerland,  

Men earn 17.7% more than women, a figure that is  still improving, considering that in 2018, the   Gender Pay Gap was 18.3%. Why is the Gender Pay  Gap so high here? For several reasons. Firstly,   paradoxically because women work more here. In  Switzerland, 75.4% of women aged 15 to 64 have  

A job. This is one of the highest rates in Europe  after Iceland and the Netherlands. The EU average   is 63.4%. But most women have a part-time job.  Only 46% of women work full-time, compared to   86% of men. Women continue to take on a larger  share of family and childcare responsibilities,  

Which often leads to a reduction in the percentage  of working hours and career interruptions. The   resulting lower work experience can make it more  difficult to access further training, promotion,   or more demanding work, resulting in reduced  salaries. With less education, women are much less  

Likely to hold managerial positions than men, and  therefore their average salary is significantly   lower. In any case, Switzerland is first in  Europe even when considering salary compared   to purchasing power, also thanks to generally  lower taxes compared to other European countries.

These are the countries where one earns  the most, and now we are also preparing   a video with the countries with the lowest  salaries. And since the figures we provided   in this video are gross salaries, we are also  preparing a video on European countries with  

The highest and lowest taxes. Click on  the bell if you don’t want to miss it!   And if you’re curious about whether countries  with higher salaries are also the happiest,   you can click on the video in the  top right, where we’ve highlighted  

The happiest countries in Europe. Well,  that’s it for this video. Until next time!

Explore the economic landscapes of Europe in our latest YouTube video, “Salaries in Europe: Top 10 Countries with the Highest Salaries.” Dive into the intricate details of salaries across European nations, shedding light on the earning potential and job markets that define the continent’s financial dynamics.

Within this exploration, we meticulously break down the top-paying countries, providing a detailed examination of earning opportunities available in diverse professions. The video takes a closer look at the gender pay gap, showcasing disparities in various European nations and sparking important conversations about equality in the workforce. “Salaries, Europe, European, TOP 10, Countries, Nations, Highest salaries, earn, job, gender pay gap” — these keywords resonate throughout the video, guiding viewers through a thorough exploration of Europe’s earning landscape.

Furthermore, the video compares the salaries of specialized medical professionals, nurses, and teachers in these countries, offering insights into the variations in compensation across different professions. Join us as we unravel the complexities of salaries, job opportunities, and the gender pay gap in Europe, fostering a deeper understanding of the factors that shape income distribution. Stay informed, make informed decisions, and be part of the dialogue on economic equality in the diverse job markets of Europe.
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OUR SOURCES.
To create this video, we relied solely on official data provided by the UN (particularly the United Nations Economic Commission for Europe), the European Union (specifically from Euronews and EUROSTAT), and the OECD, which stands for the Organization for Economic Co-operation and Development. These are exclusively official data reported by these three sources. All figures are gross.
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CREATIVE COMMONS LICENSES
Austria: BATHS, CC BY-SA 3.0, http://creativecommons.org/licenses/by-sa/3.0/, via Wikimedia Commons
Belgium: BATHS, CC BY-SA 3.0, http://creativecommons.org/licenses/by-sa/3.0/, via Wikimedia Commons
Netherlands: I, Norway.today, CC BY-SA 3.0, http://creativecommons.org/licenses/by-sa/3.0/, via Wikimedia Commons
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00:00 Intro
00:47 Number 10
01:54 Number 9
03:00 Number 8
04:01 Number 7
05:02 Number 6
06:19 Number 5
07:32 Number 4
08:41 Number 3
09:43 Number 2
11:02 Number 1