American magazine ‘CEO World’ has placed Kuwait fourth in the Arab world and 26 globally in average monthly salaries, according to a list recently published by the magazine which shows average net monthly salaries around the world. In Kuwait the monthly average salary is 1854.45 dollars, says the magazine
UAE topped the list among the five Gulf countries in the Middle East and North Africa countries and ranked fifth globally, to be the only country regionally among the top ten countries.
The value of the average net monthly salaries in the UAE, according to the list, amounted to $3663.27, surpassing all European countries except for Switzerland, and all Asian countries except for Singapore.
In the second place in the Arab world, Qatar ranked 11th globally, with an average monthly salary of $3168.05, followed by Saudi Arabia in third and 25th globally with an average of $1,888.68, then Kuwait, followed by Bahrain, which ranked 28th globally with an average of $1,728.74, and in sixth place in the Arab world and 30th globally Oman averages $1,626.64.
As for the Arab countries with the lowest average salaries, according to “CEO World”, it is Egypt, which ranked 100th globally with an average of $219.73, preceded by Algeria in 98th place with an average of $249.67, and then Tunisia, which ranked 96th in the world with an average of $277.44.
The American magazine calculated the average net monthly salaries in various countries of the world after deductions and comparing income in some of the richest and least income countries.
While Sri Lanka ranked at the bottom of the list with the smallest average monthly salary, Switzerland came first in the world compared to more than 105 countries covered by the “CEO World” accounts, with an average net monthly salary of $6,141.1, followed by Singapore with an average of $4,350.79, then Australia with an average of $4,218.89. The United States with an average of $3,721.64, then the UAE with an average of $3,663.27.