Average Wages: Europe vs USA vs Russia vs China (2000–2025)

In 2000, the average Swiss worker earned $42,800. In Russia it was $900, in China $1,100. How did wages change over 25 years, counted in US dollars? 📊 Official data: OECD, Rosstat, China's National Bureau of Statistics and the World Bank ⏱ CHAPTERS 0:00 Intro 0:10 2000 · Switzerland leads at $42,800 0:32 2002–2004 · Euro notes arrive in 2002 and the dollar weakens: euro-area wages rise fast in dollars 0:53 2008 · In dollar terms the US falls to 11th, behind most of Western Europe and the Nordics 1:16 2011 · Investors buy the Swiss franc as a safe haven: the Swiss average reaches $97,500 1:29 2013 · Oil-rich Norway is 2nd at $83,100 1:40 2014–2015 · Oil falls, sanctions over Crimea, the ruble halves: Russia drops to $6,700 2:13 2020 · Covid: many low-paid US jobs vanish and the average jumps 7% 2:34 2022–2024 · Inflation surges in Europe ━━━━━━━━━━━━━━━━━━━━ 📚 ABOUT THE DATA Source: OECD, Rosstat, China NBS; World Bank exchange rates. Europe and US: OECD average annual wages. Russia: Rosstat average monthly accrued wage ×12. China: NBS average wage in urban non-private units. National currencies converted at annual average exchange rates. Gross, before tax. Russia and China use national definitions, not fully comparable with OECD. Official sources: • OECD: Average annual wages: https://www.oecd.org/en/data/indicato... • Rosstat: wages: https://rosstat.gov.ru/labor_market_e... • National Bureau of Statistics of China: https://www.stats.gov.cn/english/ • World Bank: official exchange rates (PA.NUS.FCRF): https://data.worldbank.org/indicator/... How to read this chart: • Wages are gross (before tax) annual averages per full-time worker, in each country's currency, converted to US dollars at that year's average exchange rate. • Exchange-rate swings move the dollar values: a weak dollar makes European wages look higher, a strong dollar lower. • Russia: Rosstat average monthly wage × 12. China: average wage in urban non-private units (state and collective employers), which is higher than the private-sector average. • Values are not adjusted for inflation or for differences in living costs between countries. • Between official data points the bars move smoothly (interpolated); the year counter only changes when the next official figure is reached. ⚖️ Our approach: every number in this video comes from the sources above. We show the data as published, without political opinion or commentary. If you think a figure is wrong, leave a comment with a link to the official source and we will check and correct it. ━━━━━━━━━━━━━━━━━━━━ ▶ More videos like this: our “Cost of Living: Wages & Prices” playlist on the channel. 🎵 Song: Peaceful Corporate by Stock-Waves Download: https://bit.ly/4aQVcX2 Video Link:    • Stock-Waves - Peaceful Corporate [No Copyr...   The Shift Index — how the world shifts, ranked over time. Official data, no spin. Subscribe for a new ranking every week. #Wages #Salary #DataVisualization