Minimum wage worldwide: where can you live off the minimum wage?
We checked which countries have the most favourable ratio of basic grocery prices to minimum wage around the world
This is an archived report. The latest ranking is available here.
Picodi.com analytics compared iPhone 12 Pro (128 GB) prices with the average wages in selected countries in order to count the number of workdays required to buy the new Apple’s flagship.
The official price of iPhone 12 Pro in 128 GB version in Saudi Arabia is going to be SAR 4,749. However, buyers will find neither a charger nor earphones in this year’s flagship’s box.
According to General Authority for Statistics, the average wage in our country amounts to SAR 9,970. It means that a statistical Saudi would have to work for 10 days to afford the iPhone 12 Pro (without other living expenses). In comparison with the last year iPhone Index, Saudi Arabia’s result deteriorated by 0.9 days.
Average UAE citizen can afford the new iPhone in 9.2 days, and statistical Qatari citizen should be able to save up for iPhone 12 Pro in 7.4 days.
In the lead of the rank are Switzerland, the United States and Luxembourg, where the ratio of the iPhone’s price to the average salary is the most attractive. A statistical Swiss should be able to save up for iPhone 12 Pro in 4.8 days, an American – in 5.8 days, and a Luxembourger – in 6.7 days.
The reverse record belongs to Turkey: a statistical resident of this country would have to lay aside 103.8 days worth of wages to buy the iPhone. In countries like the Philippines or Ukraine, the new gadget has got the value of 88.2 and 87.0 workdays, respectively.
Although the new iPhone can be a rather expensive gadget, it is possible to buy it, as well as other electronics, cheaper through official resellers. All you have to do is sign up to Picodi.com and activate cashback while shopping in stores such as DHGate, Banggood, Xcite, Newegg and Microless.
The iPhone Index 2020 has been calculated on the basis of iPhone 12 Pro prices announced publicly on local Apple or authorised seller websites. The average salaries come from the countries’ official ministry or statistical office pages and are valid for the date of publishing iPhone prices in the respective countries. Net wages were obtained using local salary calculators. In the absence of official up-to-date information, the average wage is based on Numbeo data for November 2020. Monthly salaries were divided by 21 — the average number of workdays in a month. In countries where statistical offices use weekly wages, we divided the salary by 5.
Data from the report “iPhone Index”, including infographics, can be freely used for both commercial and non-commercial purposes. We only ask to indicate the author of the research (Picodi.com) with a link to this subpage.
We checked which countries have the most favourable ratio of basic grocery prices to minimum wage around the world
We calculated how many man-days are required in order to earn enough money for the latest Apple flagship in different countries
We examined the situation in Saudi Arabia as well as in other countries in the world
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