Republic of Korea vs Paraguay: Average hourly earnings of employees
Average hourly earnings of employees over time
- Republic of Korea
- Paraguay
How they compare
Republic of Korea currently reports 24,931 against 19,712 in Paraguay, a difference of 5,219.
That makes Republic of Korea's figure about 1.3 times Paraguay's.
Across all 14 years both countries report, Republic of Korea has been ahead every year.
Republic of Korea ranks 2nd and Paraguay ranks 3rd of 73 countries.
Republic of Korea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Republic of Korea | Paraguay | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 14,463 | 7,445 | 7,018 | Republic of Korea |
| 2010s | 18,711 | 11,832 | 6,879 | Republic of Korea |
| 2020s | 22,785 | 11,065 | 11,720 | Republic of Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average hourly earnings of employees, Republic of Korea or Paraguay?
- Republic of Korea, at 24,931 against 19,712 in Paraguay as of 2022.
- What is the difference in average hourly earnings of employees between Republic of Korea and Paraguay?
- 5,219, with Republic of Korea ahead.
- How many years of comparable data are there for Republic of Korea and Paraguay?
- 14 years are reported by both, from 2009 to 2022.
- How do Republic of Korea and Paraguay rank globally for average hourly earnings of employees?
- Republic of Korea ranks 2nd and Paraguay ranks 3rd of 73 countries.
- Where does this data come from?
- International Labour Organization, published as Average hourly earnings of employees (Local currency). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. The earnings of employees relate to the gross remuneration in cash and in kind paid to employees, as a rule at regular intervals, for time worked or work done together with remuneration for time not worked, such as annual vacation, other type of paid leave or holidays. Earnings exclude employers' contributions in respect of their employees paid to social security and pension schemes and also the benefits received by employees under these schemes. Earnings also exclude severance and termination pay. Data are converted to U.S. dollars as the common currency, using exchange rates or using purchasing power parity (PPP) rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries. For more information, refer to the Wages and Working Time Statistics (COND) database description.