According to Salary Explorer, average salaries are calculated using feedback from respondents. Researchers add salary samples together, divide them by the number of respondents, and arrive at the average monthly salary. While the average salary is generally a good indicator, it does not tell the whole story.
The minimum wage, on the other hand, is the lowest wage a worker can earn in a given country, as stipulated by the law. Employers are not allowed to pay employees less than the minimum wage. The list below highlights the top 10 African countries with the highest average monthly salaries.
Here are the top 10 African countries where workers earn the highest average monthly salaries:
1. Morocco: At the top of the list is Morocco, with an average monthly salary of $2,031.
2. South Africa: South Africa follows closely with an average monthly salary of $2,026.
3. Tunisia: Tunisia takes the third spot with an average monthly salary of $1,348.
4. Kenya: Kenya comes in fourth with an average monthly salary of $1,291.
5. Algeria: Algeria ranks fifth with an average monthly salary of $1,273.
6. Namibia: Namibia takes the sixth spot with an average monthly salary of $1,168.
7. Botswana: Botswana is seventh, with an average monthly salary of $1,000.
8. Nigeria: Nigeria ranks eighth on the list with an average monthly salary of $814.
9. Ghana: Ghana follows closely with an average monthly salary of $748.
10. Uganda: Rounding out the list is Uganda, with an average monthly salary of $738.
It is important to note that while these countries have high average monthly salaries, they still face income inequality and poverty challenges. The average salary is merely an indicator and should not be considered a comprehensive measure of a country's economic well-being.
**This post forms part of the Africa Collective initiative, for which Business Insider Africa is the lead media partner. Learn more about the initiative here.
