In a new ranking of the gross average salary in 196 countries recently published by CEO World Magazine, Kazakhstan is in 80th place. The average wage in the country amounts to $673 per month.
Salaries are highest in the oil-producing western Atyrau and Mangystau regions, followed by the capital city Astana, and business capital Almaty. Wages are lowest in the southern regions of Zhambyl, Zhetysu and Turkestan, as well as in the North Kazakhstan region.
Gross wages are the total sum of wages before taxes and other deductions, such as contributions to pension funds, health insurance, and others.
Kazakhstan has the highest average salaries in Central Asia, followed by Turkmenistan ($654 per month), Uzbekistan ($351), Kyrgyzstan ($228) and Tajikistan ($169).
The CEO World ranking states that in the first quarter of 2024, the average monthly nominal salary of workers in Kazakhstan amounted to 382,000 tenge ($844), which is 12.2% more in value terms than a year earlier. The index of real wages amounted to 102.7%, which shows an increase in purchasing power of 2.7%.
