10 countries with the lowest wages in the world.
(Baonghean.vn) - These countries are often ideal destinations for multinational companies to set up manufacturing plants, as a way to take advantage of cheap labor.
1. Uganda
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| Uganda is a landlocked country located on the African continent. Despite its abundant natural resources, it remains an underdeveloped nation due to a 20-year period of guerrilla warfare. The minimum hourly wage in Uganda is only $0.01 USD, equivalent to $1.70 USD per month or $22 USD per year – an unbelievably low figure. However, in return, the cost of living in Uganda is relatively inexpensive. |
2. Georgia
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| Georgia is considered an ideal country for business and tourism, with many attractive destinations. Georgia has a very low minimum wage. Specifically, in the private sector, the minimum wage is $8 per month, and in the public sector, it is $48 per month. Most recently, the minimum wage has improved to $0.24 per hour, but this remains a very attractive figure for private businesses, especially multinational corporations. |
3. Cuba
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| Cuba is the most populous country in the Caribbean, and its achievements in healthcare and education are comparable to those of developed countries worldwide. However, compared to its neighbors, the minimum wage in Cuba is incredibly low, at only $9 per month. This might be an attractive factor for doing business there, but besides low labor costs, you also need to consider many other issues. |
4. Kyrgyzstan
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| Kyrgyzstan is a Central Asian country with a predominantly mountainous terrain, where less than 8% of the land is arable. Doing business there is relatively difficult due to the rugged terrain, year-round cold weather, and language barriers. However, labor costs are very low, at approximately $0.09 per hour, equivalent to $14 per month and $181 per year. |
5. Bangladesh
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| Bangladesh is a country in South Asia. Although two-thirds of its population are farmers, more than three-quarters of its exports come from the textile industry. Low labor costs attract many businesses to Bangladesh, with workers earning an average of only $228 per year. However, in return, it is considered one of the cheapest places to live in the world. |
6. Tanzania
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| Tanzania is a country on the East African coast. Agriculture is the main source of national income, but outdated farming techniques and low yields mean that the country still imports food annually. Despite the very low cost of living, the majority of Tanzanians live in poverty. The minimum wage is reportedly only $0.10 USD per hour, equivalent to $20 USD per month or $240 USD per year. |
7. Gambia
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| Gambia's economy is primarily based on agriculture, fishing, and especially tourism. Approximately one-third of Gambia's population lives below the world poverty line. Interestingly, the weekend in Gambia runs from Thursday to Saturday, which is good news for workers but quite bad for business owners. However, the minimum wage is only $0.13 per hour, equivalent to $317 per year. |
8. Venezuela
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| Venezuela is known as one of the countries with the highest urbanization rates in Latin America. The country is famous worldwide for its beautiful natural scenery and abundant oil resources. However, inflation is currently considered the most pressing problem in Venezuela, and this is the main reason why many people live in poverty. The minimum wage for workers here is only $0.17 per hour, equivalent to $361 per year. |
9. Guinea-Bissau
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| Guinea-Bissau is the smallest country in Africa. Its economy is primarily agricultural, with fish and cashew nuts being its main exports. Despite its abundant natural resources, minerals, and forestry, Guinea-Bissau remains the third poorest country in the world and relies heavily on international aid. The minimum wage for workers in this underdeveloped nation hovers around $30 per month, along with a bag of rice. |
10. Malawi
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| Malawi is one of the least developed countries in the world. Its economy is primarily agricultural, with the majority of its population living in rural areas. This East African nation is considered one of the safest investment destinations in Africa. The minimum wage for workers here is only around $412 per year. While this is not enough to live on, the cost of living in Malawi is significantly lower than in other developed countries. |
Peace
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