OECD Hourly Earnings Index Ranking

The OECD hourly wage index is an indicator showing how much compensation workers in member countries earn per hour. Through international comparison of wage levels, it is possible to evaluate each country's labor productivity and standard of living. Top-ranking countries are primarily advanced economies such as Northern European countries, Switzerland, and Australia, which possess high labor productivity and price levels, with well-established robust labor protection systems. In contrast, lower-ranking countries such as Eastern Europe and Mexico are positioned as developing or emerging economies, showing a tendency to rely on labor-intensive industries. This indicator plays an important role in understanding employment quality and economic inequality.