African countries with the highest average monthly net salary

The average monthly wage, which varies considerably across regions and countries, is the average amount a worker receives after deductions have been taken from their gross wage.

To determine how rich or poor a country is, other factors such as gross domestic product (GDP) and purchasing power parity (PPP) (a measure of the price of the same product in different countries) also come into play.

According to the International Monetary Fund (IMF), the average purchasing power per capita in the world’s ten poorest countries is less than $1,500, while it exceeds $110,000 in the ten richest countries. This disparity often contributes to the increase in migration from weaker to larger economies as people seek to improve their living conditions.

According to Numbera global database that organizes data for cities and countries, nine African countries appeared in the top 96 countries sampled for average monthly wage in 2024, which ranged from the highest of $1,382.23 to $144.92 per month.

The average monthly salaries recorded by African countries reveal a huge gap with the countries at the top of the list which include Switzerland ($6,739.50), Luxembourg ($5,646.85), Singapore ($4,561.72), the United States ($4,448.42) and Qatar ($4,117.74).

For economies with lower average monthly wages, global setbacks such as the Russia-Ukraine war, the Israel-Hamas conflict and the COVID-19 pandemic were named as the main cause of economic failure.

These global disruptions have strained economies and caused disruptions to supply chains and energy markets, affecting low-income families who have been forced to survive in an economy marked by relentless increases in the price of food and other basic necessities.