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Average annual wages

This dataset contains data on average annual wages per full-time and full-year equivalent employee in the total economy.  Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees.   Average wages are converted in USD PPPs using 2017 USD PPPs for private consumption and are deflated by a price deflator for private final consumption expenditures in 2017 prices.   Real compensation per employee (instead of real wages) are considered for Chile, Iceland, Mexico and New Zealand.

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