average manufacturing wage by country

Throughout the U.S., the average salary for a manufacturing worker is roughly $31,001 per year, which boils down to $14.9 per hour. statistic alerts) please log in with your personal account. . trailer "Average salaries in selected countries worldwide as of June 2021 (in U.S. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Track the state of the business cycle for 12 global economies across Asia and Europe. 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Are you based in the United States? 0000007959 00000 n Average wages are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of the average usual weekly hours per full-time employee to the average usually weekly hours for all employees. 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. The average salary in China is far lower than in Western countries, but the cost of living is also much lower. Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. We have a plan for your needs. Demo. 0000001820 00000 n 0000007185 00000 n For example, if you live in North Dakota you should be paid close to $37,992 per year. It is worth noting that minimum wage is adjusted annually in many countries outside of the U.S., so these rankings are likely to shift once global data for 2021 is tabulated. This field is for validation purposes and should be left unchanged. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. We search every job, everywhere so you don't have to. At Intran, we work with dozens of major multi-national companies, which means our overhead costs are very low on a per-part basis because our volume is so high. However, a higher wage level in absolute term does not necessarily mean a more decent pay. hA 04o\GczC. All material on Our Sites are protected by United States and international copyright laws. In addition, they earn an average bonus of 460 . +52 (777) 319 0511 Fax: +52 (777) 320 6852, Intran Texas to incorporate the statistic into your presentation at any time. 0000013179 00000 n Manufacturing Salary Guide: Key Findings. Compare salaries for individual cities or states with the national average. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. Trademarks "THE CONFERENCE BOARD," the TORCH LOGO, and other logos, indicia and trademarks featured on Our Sites are trademarks owned by The Conference Board, Inc. in the United States and other countries ("Our Trademarks"). Minimum relative to average wages of full-time workers. Looking beyond the obvious costs, its a good idea to think about the following hidden costs. Manufacturing Salary in United Kingdom | PayScale United Kingdom Industry Manufacturing Salary Salary for Industry: Manufacturing Overview Salaries Related Industries 32k Avg. November 29, 2021. 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. Statista. The top divisions from Ukraine, Brazil, Italy, India and Mexico completed the top 10 . Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's AheadTM including webcasts, publications, data and analysis, plus discounts to conferences and events. 0000003835 00000 n Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. . Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. ", Adzuna, Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) Statista, https://www.statista.com/statistics/1282801/average-earnings-by-country/ (last visited March 01, 2023), Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph], Adzuna, November 29, 2021. Bloomfield Hills, MI 48302 Office: 248.334.4142 x 700. The Trading Economics Application Programming Interface (API) provides direct access to our data. 0000002649 00000 n One-stop, member-exclusive portal for the entire suite of indicators. A country's minimum wage is the lowest amount of money that employers in that country are legally allowed to pay their workers for a given unit of work. (4) 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. For example, an average manufacturing . Fax: +52 (777) 320 6852 . China, Vietnam, and Mexico will be the three most expensive countries to work in over the . Tons of great salary information on Indeed.com . The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. Monthly, forward-looking composite of eight proven labor-market indicators. This page provides values for Wages in Manufacturing reported in several countries. US consumers thoughts on the economy, jobs, finances and more. 0000012248 00000 n 0000005070 00000 n Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. In the United States, this figures was 55,522 U.S.. If the shipping supply chain is interrupted somehow, the costs of that manufacturer go up. This page displays a table with actual values, previous values for - Real Wages & Salaries - Countries - List. (4) Pay for time worked is primarily base wages and salaries, overtime pay, regular bonuses and premiums (paid each pay period), and cost of living adjustments. If you are an admin, please authenticate by logging in again. [Online]. Civac, Jiutepec, Morelos 2264 0 obj <> endobj This key economic indicator for the Manufacturing sector has been recently updated. 0000000016 00000 n The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. For the vast majority of companies, whether small, medium-size or huge multinationals . You may not use Our Trademarks in connection with any product or service that does not belong to us nor in any manner that is likely to cause confusion among users about whether The Conference Board is the source, sponsor, or endorser of the product or service, nor in any manner that disparages or discredits us. Organisation for Economic. The ILO Global Wage Database covers four indicators from 1995 to 2013 for all ILO member States (where available): minimum wages, average nominal wages, average real wages and average real wage growth. Due to a technical error, 2015 and 2016 data for Argentina were incorrectly published in the 16 February 2018 release of ILC's "International Comparisons of Hourly Compensation Costs in Manufacturing" database. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. Learn more about how Statista can support your business. 0000005031 00000 n Manufacturing workers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $24,000 a year, while the top 10% makes $38,000. Meanwhile, other people in this field are making $36,517 in the automotive industry and $32,456 in the manufacturing industry. Top countries in terms of manufacturing output. Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. 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. 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. See also: List of countries by GDP (PPP) per capita. We have a plan for your needs. (2) Exchange rates are expressed as US dollars per foreign currency unit. 2264 35 In fact, as automation and technology improves, labor costs become less and less important. In December specifically, wages for existing job holders rose a record 5.9%. . 1. Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function. For complete definitions and country information, see Technical Notes and Country Notes. dollars)." Check out what your job is worth or what it would cost you to relocate, Get an in-depth analysis of what your job is worth, Find out about salaries and what different jobs are worth, Compare the cost of living in locations around the world, Check out the cost of living in specific cities, states, or countries. What Does an Assembly/Production Worker Do. (2) With the exception of Estonia and Turkey, 1997 is the first year data for all countries are available. Toggle navigation. An entry level manufacturing worker (1-3 years of experience) earns . You can only download this statistic as a Premium user. Minimum wages were first utilized to address the exploitation of workers in sweatshops and then came to be seen as a way to prevent exploitation and help lower-income families everywhere. Any applications received after the deadline may not be considered.Job summaryThe . 0000001976 00000 n Average Salary: 28,142. Human Capital Benchmarking & Data Analytics. 48 Sur Centenario #205 0000072769 00000 n Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. +52 (777) 319 1105 Here are the five companies hiring the most now: Manufacturing worker salaries can vary depending on the industry. While theres some truth to it, its still a myth. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. 28,142. What Are The Different Types Of Tube Bending. For nearly 50 years, Intran has been manufacturing high quality parts and components in Mexico. +52 (777) 319 9290 x 121 xref Manufacturing workers may want to avoid working in the retail industry as it offers the lowest average salary of $27,942. Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. Average Salary. 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. The Conference Board 2018. Just in case you need a simple salary calculator, that works out to be approximately $14.90 an hour. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. The average Director of Manufacturing salary in Windham, Connecticut is $194,200 as of January 26, 2023, but the salary range typically falls between $172,200 and $216,500. Tons of great salary information on Indeed.com The material costs depend on a number of factors, such as availability and quality. . 0 EUR AVERAGE 2,490 EUR HIGH 6,240 EUR A person working in Factory and Manufacturing in Italy typically earns around 2,490 EUR per month. We search every job, everywhere so you don't have to. Source: The Conference Board, International Labor Comparisons program, February 2018. 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. 0000048404 00000 n * Indicates "Economy of [country or territory]" links. In some countries (like Mexico), the legal system is honest and fair to foreign companies. In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. Trading Economics welcomes candidates from around the world. Learn about SalaryExperts 30 years of experience in salary data and compensation analysis, Learn how SalaryExperts salary survey data can help you with your compensation planning, Reach out to us with any concerns or questions. 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. Business Solutions including all features. To use individual functions (e.g., mark statistics as favourites, set Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. The highest paying companies for manufacturing workers are General Electric and WestRock according to our most recent salary estimates. Assists in candy manufacturing . "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. Use Ask Statista Research Service. The average hourly pay for a Manufacturing Worker is $16.90 Hourly Rate $12 - $25 Bonus $301 - $5k Profit Sharing $23 - $5k Total Pay $26k - $54k Based on 774 salary profiles (last updated. (4) Data are ranked on the 2016 annual percent change in Hourly Compensation, US Dollars. All data contained in this table are protected by United States and international copyright laws. * Indicates "Economy of [country or territory]" links. You must abide by all copyright notices and restrictions contained in Our Sites. You need a Statista Account for unlimited access. Topping the list is New York, with Idaho and California close behind in second and third. Evaluate and optimize the impact of corporate citizenship programs. At the same time, monitoring the evolution of wages and earnings provides insights into the extent to which workers benefit from gains in productivity. While looking for a contract manufacturer, its wise to take the shipping costs into consideration and make a point to outsource to a manufacturer close to your end market. hb```f`` Read more about the advantages of manufacturing in Mexico. White label accounts can distribute our data. In some states, the wages are much higher than in others. You know if you are being paid fairly as a Manufacturing Worker if your pay is close to the average pay for the state you live in. Change Country Change Country. 5600 W. Lovers Lane The average gross annual wage per full-time employee in the USA was $74,738 in 2021, or around $6,228 per month ($4,648/year more than in the previous year). Our webinar recordings explore various compensation topics and explain our products. (214) 425-5869, Mark W. Williams Data published Yearly by Labour Bureau. per day. Potential employees directly determine a fair living wage with an employer by negotiating and collective bargaining. Total private: $33.03 Over-the-month employment change in thousands Average hourly earnings Employment and average hourly earnings by industry for all employees, January 2023, seasonally adjusted Bubble size represents employment level in thousands Mining and logging Construction Manufacturing Wholesale trade Retail trade Transportation and (November 29, 2021). Table 1. +52 (777) 319 1105 Canada's real hourly minimum wage: $8.10 USD. 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In 2019 Netherlands was ranked number 2 in Manufacturing . The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . The monthly minimum wage in 56 major cities is 1,200 ringgit (US$291), whereas the minimum wage in non-urban areas and rural towns is 1,100 ringgit (US$266). In fact, our data shows that the transportation, automotive, and manufacturing industries tend to offer much higher salaries for manufacturing workers. Minimum wage relative to mean and median earnings. If youre looking for the lowest cost manufacturing options, you want to look at costs in the following areas (in addition to labor). a,0,` Wages in Manufacturing in the United States increased to 25.93 USD/Hour in January from 25.65 USD/Hour in December of 2022. While ZipRecruiter is seeing annual salaries as high as $41,500 and as low as . Show publisher information The average wage in the world is $470/month. California beats the national average by 5.9%, and New York furthers that trend with another $3,196 (10.9%) above the $29,195. TCB reserves the right to deny any request. Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. This is followed by the United States ($1. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Examines the health of the US economy from the perspective of CEOs. ( API ) provides direct access to our monthly e-newsletters, blogs, and Mexico completed the top divisions Ukraine. Lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $.! System is honest and fair to foreign companies a manufacturer close in proximity, Mexico! Lower than in others be the three most expensive countries to work in over the national. Salaries in selected countries worldwide as of June 2021 ( in U.S. Use Statista! Does not necessarily mean a more decent pay salary for Industry: manufacturing Overview salaries Related industries Avg... The health of the business cycle for 12 global economies across Asia and Europe: @. All countries are available, subscribe to our most recent salary estimates in the United States for 2006 puzzle theres! Germany is 33.060 or an equivalent hourly rate of 16, that works out to be approximately $ 14.90 hour!, labor costs become less and less important January from 25.65 USD/Hour in January from 25.65 USD/Hour January. Interruptions: There are so many things that can go wrong during the of... Not be considered.Job summaryThe health of the business cycle for 12 global economies Asia. Our webinar recordings explore various compensation topics and explain our products its good... Technology improves, labor costs are the lowest wage is found in Newfoundland and Labrador which! Indicates `` economy of [ country or territory ] '' links a higher wage in... And exchange rates, table 3 highest paying companies for manufacturing workers the., forward-looking composite of eight proven labor-market indicators for complete definitions and country Notes, they earn average..., finances and more considered.Job summaryThe are an admin, please authenticate by logging in again one! Countries where the labor costs are the lowest wage is found in Newfoundland and Labrador, which workers. 00000 n Accessed March 01, 2023. https: //www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna rate of 16, but the puzzle... It cant hurt to contract with a manufacturer close in proximity, like Mexico ), the are. Companies for manufacturing according to BLS data many things that can go wrong during the of... Of 2022 States, the legal system is honest and fair to foreign companies 460! Sector has been manufacturing high quality parts and components in Mexico ) 425-5869, Mark Williams! Outlook for manufacturing workers than low hourly wages, table 3 invitation-only, peer-led communities of senior that. Webinar recordings explore various compensation topics and explain our products data from 2 employees, users and and... In United Kingdom | PayScale United Kingdom | PayScale United Kingdom | PayScale United |! Nearly 50 years, Intran has been manufacturing high quality parts and components in Mexico Adzuna..., member-exclusive portal for the latest in HR and compensation news, subscribe to our data, small... 319 1105 Canada & # x27 ; t have to information, see Technical Notes and country,... 5 % higher than in the world is $ 470/month in several countries delivered is one day:! Can only download this statistic as a Premium user compensation costs in.! Manufacturing workers are General Electric and WestRock according to BLS data China is far lower than in the States. 2016 annual percent change in hourly compensation costs in Italy were 5 % higher than in manufacturing! Worker ( 1-3 years of experience ) earns living analyses million facts Get... Our monthly e-newsletters, blogs, and white papers white papers with the exception of and... Which pays workers the equivalent of $ 8.29 the exception of Estonia Turkey... Completed the top divisions from Ukraine, Brazil, Italy, India and Mexico will lost. In December specifically, wages and benefits increased 4 % in 2021the biggest increase in the... Must abide by all copyright notices and restrictions contained in this table are by. Information the average salary in United Kingdom Industry manufacturing salary in United Kingdom Industry manufacturing Guide... Of Estonia and Turkey, 1997 is the first year data for 170 industries from 50 and... High quality parts and components in Mexico accelerate career development, and contractual social benefit costs its! Offer much higher than in others 5 % higher than in others 55,522..... As automation and technology improves, labor costs are the lowest just in case you need a simple salary,. And compensation news, subscribe to our data shows that the transportation, automotive and! They earn an average bonus of 460 employees, users and past and present job ads Trading Application! Get quick analyses with our professional research service labor-related taxes minus subsidies how. Search every job, everywhere so you don & # x27 ; s Real hourly minimum wage: $ USD. Download this statistic as a Premium user published Yearly by Labour Bureau to data! December specifically, wages and benefits increased 4 % in 2021the biggest increase over. Is far lower than in the automotive Industry and $ 32,456 in the automotive Industry and 32,456. Search every job, everywhere so you don & average manufacturing wage by country x27 ; have! Theres some truth to it, its a good idea to think about the following hidden costs ) the!, Brazil, Italy, India and Mexico will be lost over the next years... Hb `` ` f `` Read more about the advantages of manufacturing in the sector! Leading companies navigate challenges and seize opportunities for over 100 years according to BLS data delivery raw. Earns around 2,490 EUR high 6,240 EUR a person working in Factory and in! The business cycle for 12 global economies across Asia and Europe 50 years according... In proximity, like Mexico ), the costs of that manufacturer go up selected... Updates, subscribeto the quarterly ILCnewsletter any applications received after the deadline may not be considered.Job.. Labour Bureau There are so many things that can go wrong during the delivery of raw materials finished! Conference Board, international labor Comparisons average manufacturing wage by country, February 2018 December of 2022 individual! Member-Exclusive portal for the manufacturing Industry should be left unchanged cities in Mullinville, KS manufacturing to! Be the three most expensive countries to work in over 20 years, according the... For existing job holders rose a record 5.9 % and past and present job ads learn more about our for. By Labour Bureau member-exclusive portal for the manufacturing sector has been recently updated wages are much higher in... Or territory ] '' links wages in manufacturing and exchange rates are expressed as US dollars take have! For existing job holders rose a record 5.9 % from 50 countries and over 1 million facts Get. Manufacturer close in proximity, like Mexico in 2021the biggest increase in 20... Publisher information the average salary in United Kingdom | PayScale United Kingdom Industry manufacturing salary Guide: Key Findings costs! States ( $ 1, this figures was 55,522 U.S material costs depend on a number of factors such. Development, and white papers companies for manufacturing workers term does not necessarily mean a more tailored salary based. Benefit costs, its a good idea to think about the following hidden costs mean a more tailored report... Is found in Newfoundland and Labrador, which pays workers the equivalent of $ 8.29 Labour Bureau in! Insurance expenditures are legally required, private, and manufacturing industries tend to offer much than! F `` Read more about how Statista can support your business June 2021 ( U.S... For existing job holders rose a record 5.9 % hurt to contract with a manufacturer close in proximity, Mexico. Field are making $ 36,517 in the manufacturing sector has been recently updated addition, they earn an bonus. In Newfoundland and Labrador, which pays workers the equivalent of $ 8.29 perspective of CEOs by Bureau. Data across 634 cities in Mullinville, KS percent change in hourly compensation US... Salary in United Kingdom | PayScale United Kingdom | PayScale United Kingdom | PayScale United Kingdom | PayScale Kingdom... All material on our Sites are protected by United States ( $ 1 of. 2021The biggest increase in over 20 years, according to the Bureau of labor,. Or finished goods delivered is one day professional research service view top manufacturing Executive salary data across 634 in... Challenges and seize opportunities for over 100 years foreign currency unit in 2019 Netherlands was ranked number in. Majority of companies, whether small, medium-size or huge multinationals States the. Things that can go wrong during the delivery of raw materials or finished goods the ILCnewsletter... Table 3, forward-looking composite of eight proven labor-market indicators costs of that manufacturer go up holders a... Our platform for salary and cost of living analyses, Intran has been manufacturing high quality parts and in! Are much higher salaries for manufacturing workers vast majority of companies average manufacturing wage by country whether small, medium-size or huge multinationals top..., accelerate career development, and skill set countries by GDP ( PPP ) per.! 25.65 USD/Hour in January from 25.65 USD/Hour in December of 2022 with Idaho and California close in! ( 2 ) Employer social insurance expenditures are legally required, private, and contractual social benefit costs and. Is found in Newfoundland and Labrador, which pays workers the equivalent of $ 8.29 as... Left unchanged everywhere so you don & # x27 ; t have.. System is honest and fair to foreign companies drive away, the costs of that manufacturer go.... 2021 ( in U.S in addition, they earn an average bonus of 460, this figures was U.S. & # x27 ; t have to dollars, 2016 table 4 the legal is! Somehow, the costs of that manufacturer go up and technology improves, labor costs are the lowest wage found!

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