Sun. Jul 7th, 2024

Libya topped the list of the lowest paid countries in the world, along with Egypt, Algeria, and Tunisia, according to a recently announced ranking, despite its richness in natural resources, especially oil.

The ranking, announced by Fonder Pass founder Max Bramwell, included a list of 96 countries representing each country’s average after-tax wage to give a better picture of the standard of life guaranteed by that wage.

Libya ranked tenth among the lowest paid countries, ranking 87th overall, with an average monthly wage of about $295.33.

Qatar topped the Arab countries, where it came in sixth place with an average wage of about $ 4068.56, followed by the UAE in tenth place with an average wage of about $ 3434.47.

Libya has been suffering from poor economic conditions due to political instability since the fall of the former regime in 2011 after the NATO invasion and the division between a West that seeks development and an East that is experiencing continuous internal conflicts between influential people that are reflected in the living conditions of citizens.

Libya ranked first in the Maghreb and 73rd globally in the British magazine “Global Finance” rankings of the richest countries in the world for 2023 in terms of GDP per capita, which included 193 countries.

According to the magazine’s 2023 ranking, Libya’s per capita GDP is $24.5,000, based on measuring purchasing power-adjusted per capita GDP.

Despite this, Libya is among the ten most corrupt countries in the world, according to Transparency International, which says corrupt officials serve themselves rather than the Libyan people.

Eastern Libya suffers from a continuous decline and deterioration in living, at a time when the West is witnessing continuous attempts to advance through a long series of measures related to the rehabilitation of infrastructure, the expansion of educational and health facilities, and the improvement of living conditions.

 

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