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How many days it takes to earn what a CEO gets in an hour?

Last updated on: July 2, 2013 08:27 IST

How many days it takes to earn what a CEO gets in an hour?

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It took around 10 days for the average Italian worker to make the $957 that his firm's chief executive made in an hour in 2012, according to calculations by The Economist, it says.

Combining private-sector pay figures from the Federation of European Employers, a trade group, with data on the average hours worked per week (only data for the whole economy were available) gives the approximate number of days needed for employees to match their bosses' hourly stipends, according to The Economist.

Let's see how many days it takes a worker to earn what a CEO earns in an hour.

Source: The Economist

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Image: Cars drive past a giant Swatch watch placed in the centre of a roundabout in Grenchen, Switzerland.
Photographs: Arnd Wiegmann/Reuters
Tags: CEO

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Romania

Hourly wage of a CEO: $305

Days it would take a median wage-earner: 12 days

Days it would take a lowest wage-earner: 29 days

Global rank in wage differences: 1

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Image: View of the Casa Poporului or House of the People, now the Parliament Palace, in downtown Bucharest, Romania.
Photographs: Bogdan Cristel/Reuters
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How many days it takes to earn what a CEO gets in an hour?

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Ukraine

Hourly wage of a CEO: $187

Days it would take a median wage-earner: 11 days

Days it would take a lowest wage-earner: 27 days

Global rank in wage differences: 2

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Image: A view of Mikhailovskaya Square in Kiev, Ukraine.
Photographs: Anatolii Stepanov/Reuters
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Russia

Hourly wage of a CEO: $264

Days it would take a median wage-earner: 11 days

Days it would take a lowest wage-earner: 23 days

Global rank in wage differences: 3

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Image: Men ride bicycles on ice of a lake in front of the cathedrals of the Kremlin in Rostov Veliky, about 200km from Moscow.
Photographs: Thomas Peter/Reuters
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How many days it takes to earn what a CEO gets in an hour?

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Spain

Hourly wage of a CEO: $792

Days it would take a median wage-earner: 8 days

Days it would take a lowest wage-earner: 21 days

Global rank in wage differences: 4

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Image: Agbar Tower in Barcelona, Spain.
Photographs: Albert Gea/Reuters
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Hungary

Hourly wage of a CEO: $264

Days it would take a median wage-earner: 8 days

Days it would take a lowest wage-earner: 14 days

Global rank in wage differences: 5

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Image: A view of the Margaret Bridge in Budapest, Hungary.
Photographs: Bernadett Szabo/Reuters
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How many days it takes to earn what a CEO gets in an hour?

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Italy

Hourly wage of a CEO: $957

Days it would take a median wage-earner: 9 days

Days it would take a lowest wage-earner: 14 days

Global rank in wage differences: 6

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Image: An aerial view of St Peter's square in Rome, Italy.
Photographs: Alessandro Bianchi/Reuters
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Poland

Hourly wage of a CEO: $262

Days it would take a median wage-earner: 8 days

Days it would take a lowest wage-earner: 13 days

Global rank in wage differences: 7

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Image: A view of the Parliament building in Warsaw, Poland.
Photographs: Slawomir Kaminski/Agencja Gazeta/Reuters
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Bulgaria

Hourly wage of a CEO: $132

Days it would take a median wage-earner: 8 days

Days it would take a lowest wage-earner: 12 days

Global rank in wage differences: 8

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Image: People walk on a street in downtown Sofia, Bulgaria.
Photographs: Stoyan Nenov/Reuters
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Portugal

Hourly wage of a CEO: $307

Days it would take a median wage-earner: 8 days

Days it would take a lowest wage-earner: 11 days

Global rank in wage differences: 9

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Image: A view of the main square of Praca do Comercio in front of the Finance Ministry in Lisbon, Portugal.
Photographs: Jose Manuel/Reuters
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Turkey

Hourly wage of a CEO: $215

Days it would take a median wage-earner: 6 days

Days it would take a lowest wage-earner: 8 days

Global rank in wage differences: 10

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Image: Istanbul's financial district in Turkey.
Photographs: Murad Sezer/Reuters
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Greece

Hourly wage of a CEO: $275

Days it would take a median wage-earner: 5 days

Days it would take a lowest wage-earner: 7 days

Global rank in wage differences: 11

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Image: People sit in a cafe of a hotel's roof garden with the Acropolis hill in the background in central Athens, Greece.
Photographs: John Kolesidis/Reuters
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The United Kingdom

Hourly wage of a CEO: $616

Days it would take a median wage-earner: 4 days

Days it would take a lowest wage-earner: 8 days

Global rank in wage differences: 12

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Image: Thrill seekers ride a fairground attraction overlooking the London Eye, left, and Houses of Parliament, next to the Thames river in London, United Kingdom.
Photographs: Chris Helgren/Reuters

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Sweden

Hourly wage of a CEO: $709

Days it would take a median wage-earner: 4 days

Days it would take a lowest wage-earner: 7 days

Global rank in wage differences: 13

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Image: A view of Stockholm, Sweden.
Photographs: Ints Kalnins/Reuters
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France

Hourly wage of a CEO: $551

Days it would take a median wage-earner: 3 days

Days it would take a lowest wage-earner: 7 days

Global rank in wage differences: 14

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Image: A view of the Paris sky line and the Seine River in France.
Photographs: Benoit Tessier/Reuters
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The Netherlands

Hourly wage of a CEO: $491

Days it would take a median wage-earner: 2 days

Days it would take a lowest wage-earner: 6 days

Global rank in wage differences: 15


Image: American tourists picnic while enjoying the tulip fields in Noordwijk, the Netherlands.
Photographs: Michael Kooren/Reuters
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