This article was first published 12 years ago

Not happy with salary? Try these countries...

November 28, 2013 11:09 IST

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Image: Employees in some countries are projected to withdraw better salary.
Photographs: Paul Hanna/Reuters

Although the global economy is struggling to pick up momentum, there are some countries where employees are expected to receive a big boost in salaries.

Let's take a look at some nations where wages are projected to soar.

Source: 24/7 Wall St

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Image: A woman takes photos of her children near a giant soccer ball outside a shopping mall in central Donetsk, Ukraine.
Photographs: Yves Herman/Reuters

Ukraine

Forecast real wage growth: 6.1 per cent

Forecast 2014 inflation rate: 1.9 per cent

Forecast 2014 GDP growth: 1.5 per cent

GDP per capita (2012): $7,295

Overall rank in salary increase: 1

Ukraine, which has an unemployment rate of 7.4 per cent, is expected to see more than 6 per cent rise in salaries.

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GDP Ukraine
Image: Charles Morgan and his wife Kiera drive a Morgan sport car during the opening of Morgan sport cars showroom in Shanghai, China.
Photographs: Stringer/Reuters

China

Forecast real wage growth: 5.0 per cent

Forecast 2014 inflation rate: 3.0 per cent

Forecast 2014 GDP growth: 7.3 per cent

GDP per capita (2012): $9,055

Overall rank in salary increase: 2

China, which has an unemployment rate of 4.1 per cent, is expected to see more than 5 per cent rise in salaries.

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GDP China
Image: Men walk with camels during sunset by the sea in Karachi, Pakistan.
Photographs: Athar Hussain/Reuters

Pakistan

Forecast real wage growth: 4.8 per cent

Forecast 2014 inflation rate: 7.9 per cent

Forecast 2014 GDP growth: 2.5 per cent

GDP per capita (2012): $3,056

Overall rank in salary increase: 3

Pakistan, which has an unemployment rate of 5.6 per cent, is expected to see nearly 5 per cent rise in salaries.

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GDP Pakistan
Image: People carry masks during a rally to celebrate Pohela Boishakh, the first day of Bengali new year, in Dhaka, Bangladesh.
Photographs: Andrew Biraj/Reuters

Bangladesh

Forecast real wage growth: 4.0 per cent

Forecast 2014 inflation rate: 6.5 per cent

Forecast 2014 GDP growth: 6.0 per cent

GDP per capita (2012): $1,963

Overall rank in salary increase: 4

Bangladesh, which has an unemployment rate of 5 per cent, is expected to see 4 per cent rise in salaries.

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GDP Bangladesh
Image: A skytrain passes over vehicles on road in Bangkok, Thailand.
Photographs: Kerek Wongsa/Reuters

Thailand

Forecast real wage growth: 3.9 per cent

Forecast 2014 inflation rate: 2.1 per cent

Forecast 2014 GDP growth: 5.2 per cent

GDP per capita (2012): $9,503

Overall rank in salary increase: 5

Thailand, which has an unemployment rate of 0.7 per cent, is expected to see nearly 4 per cent rise in salaries.

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GDP Thailand
Image: A woman shows a customer the price of her products at a shop selling coffee in Hanoi, Vietnam.
Photographs: Kham/Reuters

Vietnam

Forecast real wage growth: 3.6 per cent

Forecast 2014 inflation rate: 7.4 per cent

Forecast 2014 GDP growth: 5.4 per cent

GDP per capita (2012): $3,788

Overall rank in salary increase: 6

Vietnam, which has an unemployment rate of 4.46 per cent, is expected to see 3.6 per cent rise in salaries.

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GDP Vietnam
Image: A dancer performs during the Kalesa Festival in Manila, the Philippines.
Photographs: Darren Whiteside/Reuters

The Philippines

Forecast real wage growth: 3.5 per cent

Forecast 2014 inflation rate: 3.5 per cent

Forecast 2014 GDP growth: 6.0 per cent

GDP per capita (2012): $4,380

Overall rank in salary increase: 7

The Philippines, which has an unemployment rate of 7.1 per cent, is expected to see 3.5 per cent rise in salaries.

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GDP Philippines
Image: A view of Malaysia's capital Kuala Lumpur.
Photographs: Bazuki Muhammad/Reuters

Malaysia

Forecast real wage growth: 3.1 per cent

Forecast 2014 inflation rate: 2.6 per cent

Forecast 2014 GDP growth: 4.9 per cent

GDP per capita (2012): $16,794

Overall rank in salary increase: 8

Malaysia, which has an unemployment rate of 3.2 per cent, is expected to see 3.1 per cent rise in salaries.

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GDP Malaysia
Image: Men ride horses during celebrations marking the traditional holiday Todorov den, also known as the Horse Easter, near Sofia, Bulgaria.
Photographs: Stoyan Nenov/Reuters

Bulgaria

Forecast real wage growth: 3.0 per cent

Forecast 2014 inflation rate: 1.5 per cent

Forecast 2014 GDP growth: 1.6 per cent

GDP per capita (2012): $14,103

Overall rank in salary increase: 9

Bulgaria, which has an unemployment rate of 12.5 per cent, is expected to see 3.0 per cent rise in salaries.

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GDP Bulgaria
Image: People watch a belly-dance at the Casablanca club in Nairobi, Kenya.
Photographs: Zohra Bensemra/Reuters

Kenya

Forecast real wage growth: 3.0 per cent

Forecast 2014 inflation rate: 5.0 per cent

Forecast 2014 GDP growth: 6.2 per cent

GDP per capita (2012): $1,781

Overall rank in salary increase: 10

Kenya, which has an unemployment rate of 40 per cent, is expected to see 3.0 per cent rise in salaries.

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GDP Kenya
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