While this European country is famous for its picturesque alpine landscapes and mouthwatering chocolate, there’s another key feature that sets it apart — its remarkably high wages.
With average annual net earnings of about £70,985 in 2023, Switzerland boasts the best wages in the world.
This translates to nearly 6K per month- which is over twice more than what British workers earn every month.
In comparison, the UK’s median annual earnings for full-time employees in 2024 stood at £37,430, which is about £2,886 per month.
After taxes, the average monthly net earnings in the UK were £2,297, as reported by the ONS.
While living costs are also high, the country’s prosperous economy offers its residents an enviable quality of life, making it one of the wealthiest nations in the world.
Switzerland is a global leader in sectors like finance, FinTech, pharmaceuticals, technology, and manufacturing, along with a highly skilled workforce.
Additionally, the Swiss franc has consistently been regarded as a stable currency in the global market.
Switzerland’s political and financial stability, its strong transparency in financial reporting, and low bank interest rates have all contributed to its appeal as a destination for foreign investment.
The country benefits from lower taxes compared to many other countries.
Switzerland remains a top tax haven, offering low taxes for foreign corporations and individuals, along with benefits for the wealthy living and investing there.
Despite pressure from EU directives, the Swiss Federal Council has recently agreed to measures that maintain the current level of salary protection.