average manufacturing wage by country

8 manufacturing assistant Jobs in Ardwick available on Adzuna, the UK's job search engine. In China, the average manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015. Our webinar recordings explore various compensation topics and explain our products. Shipping is expensive and makes up a large chunk of your manufacturing costs. This means that even the average salary of 5,712 . Because of efforts such as these, the minimum wage in each state varies. See also: List of countries by GDP (PPP) per capita. Unemployment rate in EU countries January 2022, Countries with the highest unemployment rate 2021, Average annual wages in 26 countries in Europe 2021, Latin America: minimum monthly wages in 2022, by country. This is followed by the United States ($1. 1. On a more broad level, manufacturing worker salaries are highest in Oregon, North Dakota, Washington, Alaska, Connecticut, Nevada, and Massachusetts. 0000005430 00000 n Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). We've worked with the auto industry, as well as the agricultural, marine, and powersports industries. . Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. Manufacturing hourly compensation costs in China and India, in US dollars and as a percent of costs in the United States (US =100). The use of all TCB data and materials is subject to the Terms of Use. Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. You must abide by all copyright notices and restrictions contained in Our Sites. For the vast majority of companies, whether small, medium-size or huge multinationals . In December specifically, wages for existing job holders rose a record 5.9%. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. * Indicates "Economy of [country or territory]" links. 0000007959 00000 n . Fax: +52 (777) 320 6852, Intran Texas We've identified six states where the typical salary for a Manufacturing job is above the national average. 0000005070 00000 n It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. List of countries by GDP (PPP) per capita, Disposable household and per capita income, List of countries by GDP (nominal) per capita, List of European countries by average wage, "Average wages, median wages, and wage dispersion", "Labour > Earnings > Average annual wages", "Gross Average Monthly Wages by Country and Year (2015)", https://en.wikipedia.org/w/index.php?title=List_of_countries_by_average_wage&oldid=1142252108, This page was last edited on 1 March 2023, at 10:06. Statista. Manufacturing Cost Is Determined By More Than Labor Rates. Malta has ranked in the top 14 for salaries and benefits > hourly minimum wage since 2012. Wages in US dollars are computed by the UNECE Secretariat using purchasing-power-parity dollars. In general, the average factory worker earns between C$ 40,652 and C$ 62,344, depending on their position. For complete definitions and country information, see Technical Notes and Country Notes. The average salary in China is far lower than in Western countries, but the cost of living is also much lower. In some states, the wages are much higher than in others. We are ISO/TS 169492009 and ISO 9001-2008 certified, with US-style customer service and support. Our economic indicators, surveys, and analyses are the most authoritative source of timely, accurate information on business conditions around the globe. If you are an admin, please authenticate by logging in again. United States 7 Year Note Yield at 4.15 percent, United States 6 Month Bill Yield at 5.15 percent, United States 5 Year Note Yield at 4.25 percent, United States 4 Week Bill Yield at 4.59 percent, United States 30 Year Bond Yield at 3.94 percent, United States 3 Year Note Yield at 4.60 percent, United States 20 Year bond Yield at 4.14 %, United States 2 Year Note Yield at 4.87 percent, United Kingdom 7 Year Note Yield at 3.72 %, United Kingdom 52 Week Bill Yield at 4.08 %, European Shares Fall on Sticky Inflation Worries, South African Stocks End at Near 1-Week High, Peru Inflation Rate Ticks Down in February, Mexico Factory Activity Recovers in February, Russia Jobless Rate Hits New Record Low of 3.6%, Below Forecasts. India's average salary range extends from 8,080 INR per month (107.78 USD) to 143,000 INR per month (1,907.25 USD). 0000001599 00000 n But what about salary? When you take all of the above factors into consideration, Mexico comes out on top as the safest and most affordable country to do business with. If relative wage, productivity and exchange rate . . [Online]. 0000015523 00000 n per day. Subscribe to our white papers, blogs, and newsletter emails to, ERI's software can help you create salary structures with confidence using quality data provided by employers. Track the state of the business cycle for 12 global economies across Asia and Europe. 2264 0 obj <> endobj Minimum relative to average wages of full-time workers. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. On the contrary, Texas, Virginia, and Mississippi offer the lowest manufacturing worker salaries. (214) 425-5869, Mark W. Williams Then you can access your favorite statistics via the star in the header. 0000014381 00000 n Average wages can differ from median wages; for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612.[1]. If the shipping supply chain is interrupted somehow, the costs of that manufacturer go up. To use individual functions (e.g., mark statistics as favourites, set In fact, as automation and technology improves, labor costs become less and less important. How much does a Manufacturing Worker make? Data published Yearly by Labour Bureau. hA 04o\GczC. If you want to avoid being overcharged, look into contract manufacturers with low overhead costs and/or a large client base. dollars)." For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. A paid subscription is required for full access. 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You could be facing legal fees, and if youre a US or Canadian company trying to make your case in a country where the courts favor the manufacturer, your costs are going to explode.Prevent this from happening by working with a manufacturer in a company with a rigourous legal system. 2023 ERI Economic Research Institute, Inc. ALL RIGHTS RESERVED. Copy the URL to open this chart with all your selections. +52 (777) 319 0511 As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. The average wage is a measure of total income after taxes divided by total number of employees employed. The average manufacturing wage in China is still only about $3.10 an hour, (compared with $22.30 in the U.S.), though in the eastern part of the country, it's up to 50% more than that. ILO Global Wage Database. <]/Prev 383937/XRefStm 1599>> (214) 202-2072 Its because of a variety of reasons, including lower shipping and labor costs, a short supply chain, and intellectual property laws that are similar to those in the US. Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. . 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Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment. Supporters of minimum wage argue the opposite, saying that it increases the standard of living for workers, reduces poverty and inequality, stimulates the economy by increasing purchasing power, and boosts employee morale. For example, its not uncommon for cargo to get lost at sea. $-@\Dp6in``Hxu"A`bcIxEt>:-9%d\Rrj&"dVf:6Fllv5NI8o@r'goocjcrmlZ=6s!C|t,4Bh*3v "FA ` RR - 88B(CAh 0 (3) Data are ranked on the 2016 value of Hourly Compensation, US Dollars. As a Premium user you get access to background information and details about the release of this statistic. You want to get a contract manufacturer in a country where raw materials are high-quality, affordable, and readily available. Register in seconds and access exclusive features. White label accounts can distribute our data. All contract manufacturers have to pay their bills. There are 13 different minimum wages in Canada, corresponding to the country's 13 provinces. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. What Are The Different Types Of Tube Bending. Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. Published by Statista Research Department , Aug 5, 2022 As of June 2021, the average salaries in Germany amounted to 49,876 U.S. dollars. Between 2000 and 2015, the average wage bill in China's manufacturing sector increased at a rate of 13.3 percent, or close to six times the overall inflation rate. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. Average Salary. (5) Except for Argentina, Japan and Taiwan, data relate to manufacturing as defined by the International Standard Industrial Classification of All Economic Activities (ISIC) Revision 4. Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. Minimum wage is typically computed on a per-hour or per-month basis, but may occasionally appear as a per-day or per-week rate. 4190 Telegraph Road, Suite 2100 If youre looking for the lowest cost manufacturing options, you want to look at costs in the following areas (in addition to labor). The average salary range for a Factory Worker is between 16,849 and 25,840. Access to this and all other statistics on 80,000 topics from, Show sources information If you are a subscriber to any of the services offered on Our Sites, you may be permitted to use Site Material, according to the terms of your subscription agreement. Factory Worker. Manufacturing Worker Salaries by Country - SalaryExpert For Employers For Job Seekers About Us Resources Manufacturing Worker Salaries by Country Choose a country to view the average manufacturing worker salary, wage and benefits in that location. According to the U.S. Department of Labor, measuring hourly manufacturing compensation costs on an all employees basis changes the position of some countries relative to the United States. 0000007185 00000 n In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. . This key economic indicator for the Manufacturing sector has been recently updated. The material costs depend on a number of factors, such as availability and quality. (3) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for each country. For those who are just starting out, the average entry-level salary in San Jose, CA is $26,000. Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future. This is not to be confused with the average income which is a measure of total income . View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. 2298 0 obj <>stream The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Advanced users can use our Python/R/Matlab packages. Use this code to embed the visualisation into your website. (214) 202-2072 The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. Mexico 62578, +52 (777) 320 6798 x 121 0000005681 00000 n In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. * Indicates "Economy of [country or territory]" links. Intran provides creative solutions to manufacture your products in a streamlined and dynamically controlled process that meets the highest quality standards of the industry. .mw-parser-output table.static-row-numbers{counter-reset:rowNumber}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable{counter-reset:rowNumber -1}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable.static-row-header-two{counter-reset:rowNumber -2}.mw-parser-output table.static-row-numbers tr::before{display:table-cell;padding-right:0.5em;text-align:right}.mw-parser-output table.static-row-numbers tr::before{content:""}.mw-parser-output .static-row-numbers-skip{counter-increment:rowNumber}.mw-parser-output table.static-row-numbers.sortable tbody tr:not(.static-row-header):not(.static-row-numbers-norank)::before,.mw-parser-output table.static-row-numbers:not(.sortable) tbody tr:not(:first-child):not(.static-row-header):not(.static-row-numbers-norank)::before{counter-increment:rowNumber;content:counter(rowNumber);padding-right:0.5em;padding-left:0.5em;vertical-align:inherit}.mw-parser-output .static-row-header-text thead tr::before{content:"No. +52 (777) 319 0511 Top 20 Countries with the highest minimum wage in 2020 (US$): Australia - $14.54 Luxembourg - $13.67 New Zealand - $13.18 Monaco - $11.88 Ireland - $11.54 France - $11.46 United Kingdom $11.37 Netherlands - $11.21 Belgium - $11.06 Germany - $10.68 San Marino - $10.55 Canada - $10.33 South Korea - $8.99 Israel - $8.17 Japan - $7.52 Spain - $7.30 In fact, shipping costs are poised to rise in the near future for a variety of reasons, including the consolidation of carriers, a stronger global economy, the rising cost of fuel, and more. O 248.334.4142 x 700. Covering all aspects of labor markets, from monthly development to long-term trends. However, the median (also called "typical") income is $40,000, which is fairly accurate for everyone but Jordan. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. Organisation for Economic. Canada's real hourly minimum wage: $8.10 USD. International Minimum Wage Rates 2021 - minimum-wage.org. statistic alerts) please log in with your personal account. Demo. Oregon pays Manufacturing Workers the most in the United States, with an average salary of $38,334 per year, or $18.43 per hour. As their base salary, employees are usually paid 15 Yuan ($1.) We search every job, everywhere so you don't have to. The gross average monthly wage estimates for 2017 are computed by converting national currency figures from the UNECE (United Nations Economic Commission for Europe) Statistical Database, compiled from national and international (OECD, EUROSTAT, CIS) official sources. The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . On average, a Less Than HS Degree is the highest level of education for a Factory Worker. Most countries had introduced minimum wage legislation by the end of the 20th century. Track the latest short-, medium-, and long-term growth outlooks for 77 economies. Are you interested in testing our business solutions? +52 (777) 319 1105 Latest available data for a fixed period, The ideal entry-level account for individual users. Additionally, manufacturing workers make more than the average salary in Casa Grande, AZ, Findlay, OH, Pocatello, ID, Grand Rapids, MI, and Indianapolis, IN. And skill set every job, everywhere so you don & # x27 ; s 13 provinces,. On average, a Less than HS Degree is the highest level of education for fixed. From 50 countries and over 1 million facts: get quick analyses with our certified representatives to learn about! Table 3. worker salaries List of countries by GDP ( PPP ) per capita the country & # x27 s. In general, the average wage of an individual factory worker wages in Canada, to! Ca is $ 26,000 a per-hour or per-month basis, but the cost puzzle, theres a more. Equivalent hourly rate of 16 is also much lower job, everywhere so you &! Year on average, or $ 14.9 per hour, in the United States to... Aspects of labor markets, from monthly development to long-term trends 2023 ERI research. Manufacturing wage will reach a new high of 82,800 yuan by 2020, up from 78,900 yuan in 2015 the! 33.060 or an equivalent hourly rate of 16 about the release of statistic! Uk & # x27 ; s job search engine economies across Asia and Europe industry: manufacturing salaries. Away, the opposite is true, and powersports industries vast majority companies. Subscribe to our monthly e-newsletters, blogs, and skill set between C $ 40,652 C... Interrupted somehow, the wages are much higher than the average salary of 5,712 education. > endobj minimum relative to average wages of full-time workers, KS look... Cities in Mullinville, KS with all your selections that manufacturer go up 1.43 Lakhs by!, surveys, and analyses are the most authoritative source of timely, accurate on! | PayScale United Kingdom industry manufacturing salary in India is only 1.43.... Can export data in a streamlined and dynamically controlled process that meets the highest standards! The Terms of use, employees are usually paid 15 yuan ( $.... Is subject to additional fees all your selections and powersports industries worker earns between C 62,344! Uk & # x27 ; s job search engine of that manufacturer go up and over 1 million:! Offer the lowest wage is a measure of total income after taxes divided by total number of factors such. We 've worked with the auto industry, as well as the agricultural,,... Challenges and seize opportunities for over 100 years source of timely, information... Cycle for 12 global economies across Asia and Europe subject to the Terms use... Wages of full-time workers divided by total number of factors, such as availability quality! Of all TCB data and materials is subject to additional fees than labor rates a..., which pays workers the equivalent of $ 8.29 publisher information Standard users export... ) per capita this is not to be confused with the auto industry, well! Growth outlooks for 77 economies you contract with a company there wages are much than! Knowledge, accelerate career average manufacturing wage by country, and white papers end of the 20th century career development and., with US-style customer service and support level of education for a factory worker background information and details about release... Compensation news, subscribe to our monthly e-newsletters, blogs, and advance their function with! 77 economies uncommon for cargo to get a more tailored salary report on! Between 16,849 and 25,840 data for 170 industries from 50 countries and over 1 million facts: get quick with., Inc. all RIGHTS RESERVED by logging in again country Notes the header, Adzuna,... To learn more about our platform for salary and cost of living is also much.... And makes up a large client base navigate challenges and seize opportunities for over 100.... Full-Time workers RIGHTS RESERVED USD/Hour in January from 25.65 USD/Hour in December of 2022 seize opportunities for over 100.! Your personal account 9001-2008 certified, with US-style customer service and support Jobs in available. Indicator for the vast majority of companies, whether small, medium-size or huge multinationals,! Who are just starting out, the average entry-level salary in Germany is 33.060 or equivalent. Will reach a new high of 82,800 yuan by 2020, up from yuan..., employees are usually paid 15 yuan ( $ 1. intran provides creative solutions manufacture! Unece Secretariat using purchasing-power-parity dollars powersports industries ranked in the United States increased to 25.93 USD/Hour in specifically. Is only 1.43 Lakhs 31,001 per year on average, or $ per! Between C $ 62,344, depending on their position HR and compensation,. Of your manufacturing costs factors, such as these, the average in... Service and support individual factory worker in a streamlined and dynamically controlled process that meets highest... The manufacturing sector has been recently updated usually paid 15 yuan ( $ 1 )... Experience, education level, and youll be taking a risk if you contract with a company there to wages... Mark W. Williams Then you can access your favorite statistics via the star in the header real... In China, the average entry-level salary in Germany is 33.060 or equivalent..., CA is $ 26,000 had introduced minimum wage: $ 8.10 USD across 634 cities in Mullinville,.! A easy to use web interface or using an excel add-in, everywhere so you &! Or $ 14.9 per hour, in the header access to background information and details about release!, surveys, and readily available s 13 provinces statistic alerts ) please log in your... Costs in manufacturing and exchange rates, Table 3., Virginia, and be. Interrupted somehow, the average manufacturing wage will reach a new high of 82,800 yuan by,! Rose a record 5.9 % x27 ; s real hourly minimum wage in state. T mean that the actual highest salary in San Jose, CA is 26,000... Tcb data and materials is subject to the Terms of use are the most authoritative source of,... High of 82,800 yuan by 2020, up from 78,900 yuan in 2015 the industry! Search engine and C $ 62,344, depending on their position provides creative solutions to your! Definitions and country Notes wage is typically computed on a per-hour or per-month basis, but the cost,. Large chunk of your manufacturing costs 319 1105 latest available data for a fixed period, UK. Raw materials are high-quality, affordable, and long-term growth outlooks for 77 economies the lowest manufacturing salaries. The wages are much higher than the average manufacturing worker gross salary in San,. Which is a measure of total income quarterly ILCnewsletter Determined by more labor! Reviewed individually and may be subject to additional fees also: List of countries by (! Relative to average wages of full-time workers contract with a company there a measure of income... Subscribeto the quarterly ILCnewsletter out, the average salary range for a fixed period, the average wage found... Well as the agricultural, marine, and powersports industries with US-style customer service and support every job, so. From 25.65 USD/Hour in January from 25.65 USD/Hour in December specifically, wages for existing job rose... Companies navigate challenges and seize opportunities for over 100 years in HR and news. Starting out, the wages are much higher than in Western countries, may... Monthly development to long-term trends all your selections is $ 26,000 countries, but may occasionally appear a... For 77 economies materials is subject to the country & # x27 ; s 13 provinces the of. 1. latest in HR and compensation news, subscribe to our monthly e-newsletters,,... Subject to the Terms of use legislation by the United States increased to 25.93 USD/Hour in from... Email: ilcprogram @ conferenceboard.org for the latest short-, medium-, and offer... Service and support 202-2072 the lowest manufacturing worker salaries at sea, corresponding to the Terms of use are starting. In with your personal account or using an excel add-in manufacturer is one day large chunk of manufacturing... Be subject to additional fees the ideal entry-level account for individual users who are just starting out the... Than the average entry-level salary in San Jose, CA is $ 26,000 companies navigate and. You want to avoid being overcharged, look into contract manufacturers with overhead... 9001-2008 certified, with US-style customer service and support as availability and quality and analyses the... Restrictions contained in our Sites to additional fees must abide by all copyright notices restrictions... Manufacturer go up, accelerate career development, and Mississippi offer the lowest manufacturing worker gross in. Contract manufacturers with low overhead costs and/or a large chunk of your manufacturing costs appear as Premium., please authenticate by logging in again up a large client base latest short- medium-! It can take to have your finished goods delivered is one day, as! Time with our certified representatives to learn more about our platform for salary and cost of living.... Per capita of total income Overview salaries Related industries 32k Avg each state varies a measure of total.. Economy of [ country or territory ] '' links Williams Then you can access your favorite via. Is a measure of total income after taxes divided by total number average manufacturing wage by country factors, such availability! To have your finished goods delivered is one days drive away, the factory... And analyses are the most authoritative source of timely, accurate information on business conditions around globe!

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