FX.co ★ Top 5 countries with highest official payrolls

1st place – Switzerland

In this Alpine country, the average monthly salary reaches an impressive $6,782 after tax. It is backed by robust economic development. Switzerland is famous for its stable economic conditions, low level of corruption, transparent tax system, and high labor productivity. In addition, the country is a world leader in such industries as pharmaceuticals, banking, and watchmaking. No wonder, the population enjoys high incomes.

2nd place – Luxembourg

The average monthly salary after paying taxes in this tiny European country is $5,330. One of the cornerstones contributing to this high level of income is the established financial sector. Luxembourg is known as one of the world's largest financial hubs, especially in the fields of private banking and asset management. High wages are also driven by the well-developed social system and deep-rooted multiculturalism that which makes this country an attractive place to work and live.

3d place – Singapore

In this city-state, the average monthly salary after taxes equals $4,924. The basis for such elevated income is a buoyant financial sector, high-tech manufacturing, and active international trade. In addition, Singapore is renowned for its strict enforcement of laws, low levels of corruption, and highly efficient public administration, which also creates a favorable environment for doing business in the country.

4th place – US

On the other side of the Atlantic ocean, no country can compete with the United States in terms of economic power and innovative potential. The average monthly salary here is $4,706 after tax which is ensured by the thriving US economy. The US is now home to many of the world's leaders in technology, industry, and finance. Besides, high salaries in the US are encouraged by a large domestic market, developed infrastructure, and an entrepreneurial spirit.

5th place – Qatar

Qatar rounds off the top 5 ranking. Here, the average monthly salary before taxes is $4,167. This oil-rich country located in the Persian Gulf has long been a symbol of rapid economic growth and luxury. The basis of Qatar's prosperity is its status as the world's largest exporter of liquefied natural gas, which provides significant income to the national economy. Thanks to this, Qatar is able to offer high salaries and tax benefits to its citizens and expats.