Income Levels Of North Korea

The average monthly income in south korea is around 3 37 million south korean won for men and about 2 1.

Income levels of north korea. South korea average household income the annual household income per capita in south korea was 16 567 175 in december 2018. Salaries wages in korea for various jobs and historical data of household income expenditure. As north korea and the united states continue to trade threats we have little idea how the war of words is perceived to the people of north korea because the regime of kim jong un maintains an. North korea s minimum wage was last changed in 1 jan 2014.

Facts and statistics about north korea north korea is a country located in the eastern asia region with a population of. On average female workers earned about 66 6 percent of their male equivalents income. Average salary in north korea is kpw 14 310 227. Disposable personal income in south korea averaged 609739 06 krw billion from 1970 until 2019 reaching an all time high of 1925872 90 krw billion in 2019 and a record low of 2866 70 krw billion in 1970.

Despite reaching an all time high since 2003 this. References 9 international labour organization compilation of average salary income worldwide. Korea of gross national income oda grant equivalent of gross national income 2018 2019 korea red dac countries black oda grant equivalent of gross national income 2019 korea red dac countries black private flows indicator 10 478 0 total. Korea has a bracketed income tax system with four income tax brackets ranging from a low of 6 00 for those earning under 12 000 000 to a high of 35 00 for those earning more then 8 800 000 a year.

Classified by country by employment category and by. How does the korea income tax compare to the rest of. According to jesus crespo cuaresma professor of macroeconomics the share of people living in absolute poverty in north korea in 2018 can be estimated at around 60 of the population which. North korea averages 5 000 10 000 north korean won 5 5 11 1 per day.

This figure is higher than the previous value of 15 335 390 in december 2017. If you are an employer this page can help you with the decision how much to pay employees. Average take home earning is kpw 10 243 973 net.