Chip Somodevilla/Getty Images
- The salary of the president, prime minister, or chancellor varies, but the average pay gap between world leaders and average citizens in some countries is stark.
- IG Group compiled a report on the salary differences between OECD country world leaders and their citizens.
- Mexico President Enrique Peña Nieto earns more than ten times the average wage of Mexican citizens, while US President Donald Trump earns at least six times more than the average American.
Some world leaders don’t just take the lead in their country’s affairs — they also take the lead when it comes to the size of their paycheck.
While the salary of the president, prime minister, or chancellor varies across countries, they often make more money than the average citizen of their country. For some, the salary difference is much more drastic than others.
IG Group compiled data on the base pay for world leaders in OECD countries and compared the results to the citizens’ average salary in each leader’s country — and the differences are notable.
Mexico President Enrique Peña Nieto earns more than ten times the average wage of Mexican citizens, while Australian Prime Minister Malcolm Turnbull earns $527,854 annually — more than any other head of government in the OECD.
This list features formal heads of government, which excludes all monarchs as well as presidents in some countries (Ireland and France, for example). In some countries, the head of state is also considered the head of government (Mexico and the US, for example).
IG Group notes that base pay is used as a generic term for each person’s base salary or other form of publicly funded compensation for their stated role.
Scroll below to see how the average citizen’s paycheck measures up to their government leader for 32 OECD countries, ranked from smallest difference in pay to largest.
32. Miro Cerar — Prime Minister of Slovenia
Dan Kitwood/Getty Images
Population: 2,064,840
Annual base pay: $87,818
Average citizen’s wage: $34,965
31. Mariano Rajoy — Prime Minister of Spain
WPA Pool/Getty Images
Population: 46,443,960
Annual base pay: $97,926
Average citizen’s wage: $37,333
30. Māris Kučinskis — Prime Minister of Latvia
Yves Herman/Reuters
Population: 1,960,420
Annual base pay: $59,644
Average citizen’s wage: $22,389
See the rest of the story at Business Insider
See Also:
- A $21 million apartment in one of New York’s most historic buildings has breathtaking 360-degree views of Manhattan — see inside
- Millennials are waiting longer than ever to buy homes — here’s how many years it takes to save for a down payment in 25 major US cities
- Queen Elizabeth has a fortune worth over $500 million — here’s how much the British royal family is worth
DON’T MISS: Queen Elizabeth has a fortune worth over $500 million — here’s how much the British royal family is worth
Trump earns more than six times the average American as president — here’s how much 32 world leaders make compared to the citizens in their country
By Tanza Loudenback
April 27, 2018 at 08:00AM
via Feedburner http://feedproxy.google.com/~r/businessinsider/~3/49cyYn56ehU/salary-of-president-prime-minister-chancellor-vs-average-citizen-oecd-countries-2018-4