Skip navigation

Workers Country By Country

By: Paul Toscano, Producer, CNBC.com | 24 Mar 2010 | 11:42 AM ET
Text Size

Country By Country Comparisons
Photo: Getty Images
Depending on country of residence, dramatic differences exist in the working lives of citizens from different nations. CNBC.com took a look at several major factors that can significantly affect the quality of work life - average income, income taxes, retirement age, average work week and average vacation days - over 22 select countries around the world to compare how these factors vary. The characteristics of a working life within a country also have an effect on the macroeconomic situation, such as the case in Greece, where less-stringent retirement age requirements are speculated to be a contributing factor to the country's faltering pension system. The data on average income is taken from the CIA World Factbook and is based on GNI per capita while income tax range* and average working week is from the OECD (unless otherwise noted). Average vacation days, which account for both government mandated vacation time and public holidays, are from Mercer Consulting. The statutory retirement age is data from AARP International (unless otherwise noted) and reflects the age in which citizens are eligible for full retirement benefits.** So, how does working life differ from country to country? Click ahead to find out! By Paul Toscano Posted 24 March 2010*Reflecting upper and lower limits of marginal statutory tax rates exclusive of any surtax and sub-central taxes for a single person listing no dependents. **For example, in the US individuals can retire at 62 but receive reduced benefits until they reach their full retirement age, which varies according to birth year.

United States
Photo: Medioimages/Photodisc | Getty Images || Source: Bureau of Labor Statistics (Working Hours)
Per Capita Income: $46,400 National Income Tax Range: 10%-35% Statutory Retirement Age: 65 Weekly Working Hours: 33.8* Vacation Days: 25** Pictured: Rush hour in Times Square in New York City, USA.*Average weekly hours and overtime of all employees on private nonfarm payrolls, seasonally adjusted, as of Feb 2010. **Includes typical vacation time of 15 days. There is no mandatory requirement in the US for number of vacation days.

Germany
Photo: Richard Ross | The Image Bank | Getty Images
Per Capita Income: $34,200 National Income Tax Range: 0%-45% Statutory Retirement Age: 65 Weekly Working Hours: 35.5 Total Vacation Days: 30Pictured: Train pulling into station Alexanderplatz in Berlin, Germany.

China
Photo: Keren Su | The Image Bank | Getty Images || Source: Beijing Municipal Taxation Bureau (Income Tax), China Center for Labor and Environment (Retirement Age, Standard Work Week)
Per Capita Income: $6,500 National Income Tax Range: 5%-45% Statutory Retirement Age (Men/Women): 60/50* Weekly Working Hours: 44 Vacation Days: 21 Pictured: Traffic on Changan Avenue during rush hour, Beijing, China.*Statutory retirement age varies in China, depending on working conditions; Statutory retirement age can be 5 years earlier if an individual has lost the ability to work. If an individual has participated "in the revolution for over 10 years" male workers may retire at 50, while female workers may retire at 45, according to the China Center for Labor and Environment

Canada
Photo: Ross M. Horowitz | Iconica | Getty Images
Per Capita Income: $38,400National Income Tax Range: 15%-29% Statutory Retirement Age: 65 Weekly Working Hours: 36.5 Vacation Days: 19Pictured: Rue Saint-Paul, Montreal, Quebec, Canada.

United Kingdom
Photo: Grant Faint | Photographer's Choice | Getty Images
Per Capita Income: $35,400 National Income Tax Range: 20%-40% Statutory Retirement Age (Men/Women): 60/55 Weekly Working Hours: 37 Total Vacation Days: 36Pictured: Piccadilly circus, London, UK.

Greece
Photo: Angelo Cavalli | Photodisc | Getty Images
Per Capita Income: $32,100 National Income Tax Range: 27%-40% Statutory Retirement Age: 65* Standard Work Week: 42.4 Vacation Days: 37 Pictured: The Plaka District in Athens, Greece.*At the time of this writing, the Greek government identifies 580 job categories that are considered "hazardous" and allow for retirement with full benefits at the age of 50 for women and 55 for men. Click here for more details.

South Korea
Photo: DJA | amana images | Getty Images || Source: Global Property Guide (Income Tax), Mercer Consulting (Retirement Age)
Per Capita Income: $27,700 National Income Tax Range: 8%-35% Statutory Retirement Age: 60 Weekly Working Hours: 46.6 Vacation Days: 34 Pictured: Namdaemun Market, Front View, Seoul, Korea.

Denmark
Photo: Scott R Barbour | The Image Bank | Getty Images
Per Capita Income: $36,200 National Income Tax Range: 5.48%-26.48% Statutory Retirement Age: 65 Standard Work Week: 35.2 Vacation Days: 34Pictured: People on harbour at outdoor cafes in Copenhagen, Denmark.

Ireland
Photo: Werner Dieterich | Photographer's Choice | Getty Images
Per Capita Income: $42,200 National Income Tax Range: 20%-41% Statutory Retirement Age: 66Standard Work Week: 36 Vacation Days: 29Pictured: Pubs and restaurants in the Temple Bar quarter in Dublin, Ireland.

Singapore
Photo: Will & Deni McIntyre | The Image Bank | Getty Images || Source: Inland Revenue Authority of Singapore (Income Tax), Singapore Ministry of Manpower (Work Week)
Per Capita Income: $50,300 National Income Tax Range: 3.5%-20%* Statutory Retirement Age: 55 Standard Work Week: 46 Vacation Days: 25 *For Singapore tax residents, depending on the amount they made during the year, taxes are calculated on a flat rate for a the first portion of their income, while a second portion of chargable income is calculated on a percentage. For example, an individual making $70,000 per year would be charged $900 in income taxes for the first $40,000, while the remainder of their income is taxed at 8.5%.

Spain
Photo: Travelpix Ltd | Getty Images
Per Capita Income: $33,700 National Income Tax Range: 15.66%-27.13% Statutory Retirement Age: 65 Weekly Working Hours: 39.2 Vacation Days: 36Pictured: Pavement cafes in Plaza Mayor, Madrid, Spain.

Iceland
Photo: Franz Aberham | Digital vision | Getty Images ||  Source: Statistics Iceland (Vacation Days), PriceWaterhouseCoopers (Income Tax)
Per Capita Income: $39,800 National Income Tax Range: 0%-37.2% Statutory Retirement Age: 67 Average Weekly Hours Worked: 41.1 Vacation Days: 27 Pictured: Bathers at The Blue Lagoon, Reykjanes, Iceland.

Poland
Photo: Allan Baxter | Photographer's Choice | Getty Images
Per Capita Income: $17,800 National Income Tax Range: 19%-40% Statutory Retirement Age (Men/Women): 65/60 Standard Work Week: 41.1 Vacation Days: 36 Pictured: Wawel Cathedral in Krakow, Poland.

Russia
Photo: Jerry Kobalenko | Photographer's Choice | Getty Images  || Source: (Income Tax) Confederation Fiscale Europeene
Per Capita Income: $15,200 National Income Tax: 13% (30% for Non-residents) Statutory Retirement Age (Men/Women): 60/55 Weekly Working Hours: N/A Total Vacation Days: 40 Pictured: Nevsky Prospect in St. Petersburg, Russia.

Portugal
Photo: Renaud Visage | Digital vision | Getty Images
Per Capita Income: $21,700National Income Tax Range: 10.5%-42% Statutory Retirement Age: 65 Average Weekly Hours Worked: 39 Vacation Days: 35Pictured: Rua Garrett at night in Lisbon, Portugal.

Japan
Photo: joSon | Getty Images
Per Capita Income: $32,600National Income Tax Range: 5%-40% Statutory Retirement Age: 65 Weekly Working Hours: N/A Vacation Days: 36Pictured: Pedestrians near the Torri gate in Miyajima, Hiroshima, Japan.

Australia
Photo: Scott E Barbour | Photographer's Choice | Getty Images
Per Capita Income: $38,500 National Income Tax Range: 0%-45% Statutory Retirement Age (Men/Women): 65/62.5 Weekly Working Hours: 36.6 Vacation Days: 28 Pictured: Tram and Flinders Street Station at dusk, Victoria, Melbourne, Australia.

Brazil
Photo: Macduff Everton | The Image Bank | Getty Images ||  Source: (Income Tax) Receita Federal
Per Capita Income: $10,200 National Income Tax Range: 0%-27.5% Statutory Retirement Age (Men/Women): 65/60 Weekly Working Hours: N/A Vacation Days: 41 Pictured: Body boarders and sunbathers at Ipanema Beach, Rio De Janeiro, Brazil.

Italy
Photo: Maremagnum | Photographer's Choice | Getty Images
Per Capita Income: $30,200 National Income Tax Range: 23%-43% Statutory Retirement Age (Men/Women): 65/60 Weekly Working Hours: 38.3 Vacation Days: 31Pictured: Piazza Navona, Fountain of four rivers in Rome, Italy.

India
Photo: DreamPictures | Getty Images || Source: India Department of Income Tax (Income Tax)
Per Capita Income: $3,100 National Income Tax Range: 0%-30%Statutory Retirement Age: 58 Weekly Working Hours: N/A Total Vacation Days: 28 Pictured: Mumbai, India.

Finland
Photo: Matti Niemi | Gorilla Creative Images | Getty Images || Source: Finnish Centre for Pensions (Retirement Age)
Per Capita Income: $34,900 National Income Tax Range: 0%-31.5% Statutory Retirement Age: 59 Standard Work Week: 37.6 Vacation Days: 40 Pictured: People walking in front of Lasipalatsi Film And Media Centre in Helsinki, Finland.

France
Photo: Peter Phipp | Photographer's Choice | Getty Images
Per Capita Income: $32,800 National Income Tax Range: 0%-40% Statutory Retirement Age: 60 Weekly Working Hours: 38 Total Vacation Days: 40 Pictured: Cafes on the Champs Elysee in Paris, France.

© 2012 CNBC.com
Tools:
Add This share icon

MORE SLIDESHOWS

Current DateTime: 03:19:17 28 May 2012
LinksList Documentid: 29778428

Current DateTime: 07:51:52 27 May 2012
LinksList Documentid: 29779196

Current DateTime: 07:51:52 27 May 2012
LinksList Documentid: 29779197

Current DateTime: 06:53:14 28 May 2012
LinksList Documentid: 29779199
CNBCCNBC
About CNBC  |  Site Map  |  Video Reprints   |  Advertise  |  Help  |  Contact
Privacy Policy  |     |  Terms of Service  |  Independent Programming Report
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2012 CNBC LLC.  All Rights Reserved.
A Division of NBCUniversal
Thomson ReutersThomson Reuters