Quick Answer: What Is The Average World Income?

What is Africa’s main source of income?

agriculturalAgriculture is Africa’s largest economic sector, representing 15 percent of the continent’s total GDP, or more than $100 billion annually.

It is highly concentrated, with Egypt and Nigeria alone accounting for one-third of total agricultural output and the top ten countries generating 75 percent..

What the poorest country in the world?

Niger1. Niger. A combination of a GNI per capita of $906, life expectancy of 60.4 years, and a mean 2 years of schooling (against an expected 5.4) lead to Niger topping the UN’s human development report as the world’s poorest country.

What do the top 10 Earn?

This section’s factual accuracy may be compromised due to out-of-date information.DataTop thirdTop 10%Household incomeLower threshold (annual gross income)$37,500$75,000Exact percentage of individuals33.55%10.29%3 more rows

What is the average income in Africa?

Sub-Saharan Africa is beset with so many problems that the mind boggles. The average per capita income (excluding South Africa), inflation-adjusted, is $315, lower than it was in 1960. Africa’s population is more than twice that of the U.S., but its total income is not much more than Belgium’s.

Who has the highest annual income?

Top 10 Countries with the Highest Salary for WorkersLuxembourg. Luxembourg is a small country situated in western Europe.United States. The United States accounts for approximately 25% of the global GDP. … Switzerland. Switzerland is famous for its watches, chocolates, and of course, the Alps. … Norway. … Netherlands. … Australia. … Denmark. … Canada. … More items…

What is a richest country in Africa?

TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS1 | NIGERIA – THE RICHEST COUNTRY IN AFRICA (GDP: $446.543 Billion) … 2 | SOUTH AFRICA (GDP: $358.839 Billion) … 3 | EGYPT (GDP: $302.256 Billion) … 4 | ALGERIA (GDP: $172.781 Billion) … 5 | MOROCCO (GDP: $119,04 Billion) … 6 | KENYA (GDP: $99,246 Billion)More items…•

What is the average annual income worldwide?

$9,733WASHINGTON, D.C. — The median annual household income worldwide is $9,733, and the median per-capita household income is $2,920, according to new Gallup metrics.

Which country has highest salary?

Countries with the highest salaries in the worldFrance. The motivation to work in France has always been very high and this has enabled consistent business growth over a number of industries. … United Kingdom. … Austria. … Hong Kong. … Luxembourg. … USA. … Switzerland.

What is the lowest income in the world?

Somalia is at the bottom of the low-income country list, with a GNI per capita of $130.

Are US salaries higher than UK?

It seems that wages in the US are much much higher than in the UK. It’s not uncommon to hear about people in the US earning $150k+ coming out of college.

What is the average income of the top 5%?

Annual Wages of Top Earners2018 Annual WagesGroupWagesTop 1% of Earners$737,697Top 5% of Earners$309,348Top 10% of Earners$158,0021 more row

Where do I rank in income in the world?

The worldwide highest income is earned in Monaco. The smallest budget per capita exists in the Congo. In our comparison over 78 countries, the USA comes 9th with an average income of 65,760 USD….Average income around the world.Rank9CountryUnited StatesAvg. income per year65,760 $Avg. income per month5,480 $77 more columns

What is considered rich in USA?

$2.3 millionTo be considered “rich,” Americans say you need a net worth of at least $2.3 million.

What country has the lowest annual income?

The 20 countries with the lowest gross domestic product (GDP) per capita in 2019 (in U.S. dollars)GDP per capita in U.S. dollarsSouth Sudan275.18Burundi309.87Eritrea342.6Malawi370.759 more rows•Jun 2, 2020

What percentage of Americans make over 100k?

Percentage distribution of household income in the U.S. in 2019Annual household income in U.S. dollarsPercentage of U.S. households75,000 to 99,99912.3%100,000 to 149,99915.5%150,000 to 199,9998.3%200,000 and over10.3%5 more rows•Nov 5, 2020