These countries pay expats the highest salaries
Moving abroad may have many perks but the biggest is that it can increase your average annual income by $21,000 (Rs15 lakh). That’s one of the findings of HSBC’s 2018 Expat Explorer Survey, which ranked Singapore as the best country for immigrant employees. Singapore topped the charts for the fourth consecutive year after performing highly on the three key parameters–Economics, Experiences, and Family.
According to the survey, the average annual salary for expats in Singapore is $162,200 (Rs1.2 crore), which is apparently 29% higher than what they make back home. It is also the country that leaves expats with the most disposable income. Singapore also ranks highly on quality of life parameters, such as gender equality, politics, safety, healthcare and childcare qualities.
The findings are based on a global survey of 22,318 expat employees, conducted in March and April this year. The socio-economic profile of the sample isn’t clear, though the findings point to an affluent, white-collar workforce.
What countries pay the most?
The country that pays expats the most is Switzerland, where the annual expat salary averaged at $203,000 (Rs1.5 crore). Next on the list is the US, which pays its immigrant workers an average of $185,119 (Rs1.36 crore). Moving to Hong Kong could fetch you a pay packet of $172,678 ($1.27 crore), while a job in mainland China could get you $178,706 (Rs1.32 crore) per year. Expats in UAE earn $155,000 (Rs1.14 crore), those in Japan earn $127,400 (Rs94.2 lakh), while Australia pays them an average of $125,800 (Rs93 lakh). The survey pegs India at #12. Expats in the country earn an average of $131,800 (Rs97 lakh) per year.
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