However, since the measure is based on the average income of each nation, it does not capture inequality in living standards within a nation. Annual Data. “Living Standards across U.S. Metropolitan Statistical Areas.” Presentation, Oct. 6, 2017. It was a great experience to secure jobs in cities like Beijing, Tianjin, Suzhou, Shanghai, Guangzhou, Shenzhen, etc. Statistical Database. 1. Cost of living index in Kunming is 55.06% lower than in New York. The average salary in Guangzhou, Guangdong is ¥179k. https://www.stlouisfed.org/.../2018/january/income-living-standards-china While the provinces of Qinghai and Fujian had announced their 2020 minimum wage increase last year, Guangxi is the only province to announce and implement an increase to their statutory wage after the coronavirus outbreak. China has achieved substantial development success since it started structural reform and opening up policies in 1978. The two cities are the top regions in China with their per capita disposable income exceeding the 50,000 yuan mark. A person working in Fujian typically earns around 28,400 CNY per month. List of top international rankings by country, https://en.wikipedia.org/w/index.php?title=List_of_Chinese_administrative_divisions_by_disposable_income_per_capita&oldid=917933215, Ranked lists of Chinese administrative divisions, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 September 2019, at 05:35. The paper provides estimates of Gini coefficients for each of the 31 Chinese provinces for the years 2000-2012. We used a provincial-level consumer price index (CPI) to obtain real disposable income for different provinces across China. Salaries vary drastically between different careers. During the last 10 years, […] Community Development The World Bank will continue to work with China to address institutional gaps and increase its contribution to global public goods. It wouldn’t make any of these households rich, or even lower-middle class by American standards, but it would be quite a leap forward from where they started. I. So far, in 2020, Fujian, Qinghai, and Guangxi have raised their minimum wages. The average monthly salary in China varies from one city to another, but in general, it can be appealing, even in the worst-rated cities, even exceeding that of some European cities. Shanghai is in first place, with an average monthly salary of 1,100 USD, followed by … Subtracting personal outlays (which includes the major category of personal (or, private) consumption expenditure) yields personal (or, private) savings. Families in four provinces – Ontario, Saskatchewan, Alberta and British Columbia – had higher median incomes than the Canadian average. To gauge the income distribution in China across regions, we next looked at real per capita household disposable income for 2015 by provinces. This measure can be a useful way to compare living standards across the world. While Workers with High School education earn the least, with an average gross income of CA$ 61,995. The average salary in China differs between city and province. We used a housing price index of over 100 Chinese cities to construct a provincial housing price index. BEIJING, Jan. 19 (Xinhua) -- China's per capita disposable income reached 32,189 yuan (about 4,961 U.S. dollars) in 2020, more than double the level in 2010, official data showed Tuesday. Disposable Personal Income in China increased to 42359 CNY in 2019 from 39250.84 CNY in 2018. Saskatchewan comes in second place with $77,300, followed by Ontario ($73,700) and British Columbia ($72,200). China’s per capita disposable income reached 32,189 yuan (about 4,961 U.S. dollars) in 2020, more than double the level in 2010, official data showed Tuesday. The average annual per capita disposal income by household in China in 2014 was about 20,071 yuan – about $3,000, or $8.22 a day. Views expressed are not necessarily those of the Federal Reserve Bank of St. Louis or of the Federal Reserve System. Here you can query, map, compare, chart and summarize key climate-related information. … This is a list of the first-level administrative divisions of the People's Republic of China (PRC), including all provinces, autonomous regions and municipalities, in order of their total disposable income per capita in 2014. Average salaries in China can vary greatly based on a career field. For the world as a whole, average real per capita GDP was $20,055.65, while the median figure was $12,981.40. Although this is significantly lower than the $43,861 average of OECD economies, China’s GNI per capita is on the high end among fellow BRICS countries. A single person estimated monthly costs are 617.44$ (3,991.92¥) without rent. This level of growth is fairly standard when comparing average salaries on a year-by-year basis. Given a fixed level of income, the higher the cost of living, the lower the living standard. Other cities such as Chongqing and Kunming have a lower average of just over 7000 RMB. This page provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Wages in China increased to 93383 CNY/Year in 2019 from 84744 CNY/Year in 2018. China’s per capita disposable income, which refers to the sum of household expenditure and savings, grew 4.7 percent in 2020 from the year before to CNY32,189 (USD4,980), or a gain of 2.1 percent after adjusting for inflation. The average index was 2.8 and the median was 2.9. 10 province-level administrative entities posted per capita disposable income levels above 30,000 yuan, while Shanghai and Beijing topped the list with figures over twice the national average. We adjusted the average city price index within each province by each respective provincial CPI and used this number as a measure of the real cost of living. Finally, we adjusted per capita household disposable income (the second figure) by our provincial housing price index (the third figure) to create an income index adjusted for cost of living (the figure below). We see that housing prices in most provinces did not deviate greatly from the median, but housing prices in Beijing and Shanghai were nearly five times the median and over eight times the lowest housing price regions. Finally, if you are interested in only wage income or salary, you'll find the breakdowns near the end of the post. Trends in wages decreased by -100.0 percent in Q4 2020. China’s Gross National Income (GNI) per capita has grown more than ten-fold since 2000, reaching $10,410 in 2019. The IQ map shades each country depending on how high the average IQ score is. Nonetheless, the average income was still significantly higher than the median. When compared to data from January 2018, the average salary in Canada has risen by 2% over the past 12 months. In 2019, an employee in the urban regions of the Chinese Hebei province earned around Obviously, income is only one aspect of living standards, while the cost of living is another. This is the average monthly salary including housing, transport, and other benefits. China Jump to. USD$9308.15). This paper makes an attempt at providing Gini coefficient estimates for each of the 31 Chinese provinces for the years 2000 to 2012. Housing This is 75.05% lower of what Doctorate Degree degree holders earn. This breakdown begins to show regional wealth inequality within China, but still does not fully capture inequality within each province, which requires finer micro data. Decades of economic development have fueled a massive increase in incomes in China. Chinese Studies, 7, 174-182. doi: 10.4236/chnstd.2018.72015. Summary about cost of living in Kunming, Yunnan, China: Family of four estimated monthly costs are 2,280.92$ (14,746.86¥) without rent (using our estimator). Select a category Labor The median is just under 7,000 yuan per square meter. Minimum Salary in Beijng, China. Hong Kong SAR, and Macau SAR are excluded. Explore data, research and more in FRASER, our digital library. China’s per capita disposable income reached 32,189 yuan (about 4,961 U.S. dollars) in 2020, more than double the level in 2010, official data showed Tuesday. Hence, measured by average living standards in the provinces, inequality in China is not as severe as people often think. Average salaries in Wuhan, China can vary greatly based on a career field. In Plain English - Making Sense of the Federal Reserve. Do you live in Kunming? Trade, How Fiscal Realities Intersect with Monetary Policy, Measuring Labor Share of the Asian Tigers, Central Banker: News from the St. Louis Fed, In Plain English: Making Sense of the Federal Reserve, Economics and Personal Finance Glossary and Flashcards, Materials and Videos from Featured Events, Center for Household Financial Stability HOME, Manuals, Regulations, Laws & Other Guidance, Living Standards across U.S. Metropolitan Statistical Areas, How Tourism Affects China’s Current Account Surplus. Average Monthly Rainfall 1901 - 2009 (mm) The Climate Change Knowledge Portal is a hub of information, data and reports about climate change around the world. Wages in China averaged 13074.47 CNY/Year from 1952 until 2019, reaching an all time high of 93383 CNY/Year in 2019 and a record low of 445 CNY/Year in 1952. The large difference between the average and the median income means that world income is concentrated in a few rich countries, thus suggesting a high level of global inequality. Salaries vary drastically between different careers. The average disposable income per capita in China was 23,821 yuan in 2016, an increase of 8.4% over the previous year. Wages in China increased to 93383 CNY/Year in 2019 from 84744 CNY/Year in 2018. Disposable income is a person’s total income less taxes. Indeed, the figure shows that income was significantly skewed toward a few provinces. The average salary among 32 major cities in China stands at 6,070 yuan ($922.64) for job vacancies posted online for the winter of 2015, with Beijing topping the list at 9,227 yuan, followed by Shanghai (8,664 yuan) and Shenzhen (7,728 yuan), thepaper.cn reported according to online data released by zhaopin.com, a leading job hunting website. This is 423.33% lower of what Masters Degree degree holders earn. With a gross domestic product per capita of US$8,827 in 2017, ranking 73rd in the world, China is seen as an “upper middle income” country by the … Fertility in China. Canada is a wealthy country, though salaries are always dependent on level of skill, location and job industry. This is the average monthly salary including housing, transport, and other benefits. According to the source of income, in 2019, the per capita income of wages and salaries of the whole country was 17,186 yuan (US$2,510), an increase of 8.6%, accounting for 55.9% of the disposable income.. Shanghai was also the nation’s biggest spender at an average of CNY42,536 (USD6,582) per head. province-wide (rather than national) average earnings. Minimum wages in China continue to grow. Workers holding Masters Degree degrees enjoy the highest average gross salaries in China. Inflation Monthly Data; Quarterly Data; Annual Data; Census Data NBS data indicates that China’s national per capita disposable income level was 30,733 yuan (USD$4,430.5) in 2019, for a nominal YoY increase of 8.9% and an inflation adjusted rise of 5.8%. If you are moving to China for Postdoc or jobs, you’d obviously be curious to know the average salary in China for foreigners. But, even in the smallest cities, it is attractive. Individual Income Tax Rates (applicable to income … The average starting salary for the class of 2020 at all universities was 63,480 yuan per year, according to an annual report by zhaopin.com, one of China's biggest online job-hunting platforms. The city of Shanghai tops others with an average monthly salary of about $1130, followed by Beijing with $980, and Shenzhen with $940. Financial In this post you'll find household income by state and individual income by state statistics for the United States in 2020. Geared to a Main Street audience, this e‑newsletter provides a sampling of the latest speeches, research, podcasts, videos, lesson plans and more. Although quite interesting, these data nonetheless do not reveal the inequalities across households within each province in China and across the nation. Though some provinces may have high costs of living, often these areas will also have high salaries that ensure Canadians can live a comfortable life. 1 Bullard, James. Companies operating in China should be aware of these averages and how they continue to increase. The estimates bring out the extremely high income inequality to be found in nearly half of the provinces in sharp contrast to the extremely low income inequality to be found in the other half. There is good reason to believe the regional income gap in China in the 1930s would have been larger than in the eighteenth century. With an earned Doctorate Degree, they grosses CA$ 112,531. Banking Households' Income . A recent study by Ma, ‘Economic growth’, shows that the per capita income of the two provinces in the Yangzi Delta in the 1930s were 55% higher than the Chinese national average. The average was 21,586.95 yuan, and the median was 18,371.34 yuan, suggesting that income inequality is not as severe in China as it is in the world. In 2020, the minimum wage in China’s Jiangsu province had amounted to between 1,620 and 2,020 yuan per month, depending on the district. In 2014, the average exchange rate between RMB (CNY) and USD is 6.1428 : 1. In other words, the living standards in Beijing and Shanghai in terms of the purchasing power of yuan were not necessarily higher than the poor provinces, but were instead much lower. China’s National Bureau of Statistics has released new data on per capita disposable income by province. A person working in Liaoning typically earns around 29,100 CNY per month. So far, in 2020, Fujian, Qinghai, and Guangxi have raised their minimum wages. Salaries vary … China’s per capita disposable income, which refers to the sum of household expenditure and savings, grew 4.7 percent in 2020 from the year before to CNY32,189 (USD4,980), or a gain of 2.1 percent after adjusting for inflation. All figures are given in the national currency, renminbi (CNY), and in USD at nominal values according to recent exchange rates as well as according to purchasing power parity (PPP). Bhattacharya, P. , Palacio-Torralba, J. and Li, X. Management & Business enjoy the highest gross average salaries (CNY 511,983), followed by Construction & Labor Workers (CNY 454,322), and Law (CNY 377,391). Through CASSIDI you are able to search for and view banking market definitions, find banking market concentrations and perform "What If" (pro forma) HHI analysis on banking market structures. National Bureau of Statistics of China2020-01-19 10:00. Salaries range from 7,360 CNY (lowest average) to 130,000 CNY (highest average, actual maximum salary is higher).. The cost of living in Guangzhou, Guangdong is 100 … While China has eradicated extreme poverty, the poverty line has declined as a percentage of average disposable urban income, from 26.7% in 1998 to 13.8% by 2010. Read more Monthly minimum wage in China … Average daily wages in the rest of China seem to have been fairly uniform, with the coastal Fujian province fetching the lowest, 0.030 taels for unskilled labourers. These results are similar to what St. Louis Fed President James Bullard found based on U.S. data.1. The lowest IQ on average in the world is 59, while the highest is 108. The article lists China's first-level administrative divisions by their gross domestic product per capita in main years. Monthly Data; Quarterly Data; Annual Data; Census Data While Beijing has a minimum salary above the average for the country, it is not the highest in the country. 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