average income in china by province

Guangzhou has highest average salaries for cities in mainland China Survey of cities, based on data from statistics bureaus, shows employees in the Guangdong capital receive an average … BEIJING, Jan. 19 (Xinhua) -- China's per capita disposable income reached 32,189 yuan (about 4,961 U.S. dollars) in 2020, more than double the level in 2010, official data showed Tuesday. The average salary in China differs between city and province. Bhattacharya, P. , Palacio-Torralba, J. and Li, X. Average wages for 48 cities across China – from Guangzhou to Qingdao, Beijing to Luoyang. Obviously, income is only one aspect of living standards, while the cost of living is another. Workers holding Doctorate Degree degrees enjoy the highest average gross salaries in Canada. … We used a housing price index of over 100 Chinese cities to construct a provincial housing price index. From this perspective, inequality looks less extreme. The article lists China's first-level administrative divisions by their gross domestic product per capita in main years. The figures are given in Renminbi. For media-related questions, email mediainquiries@stls.frb.org. Wages in China averaged 13074.47 CNY/Year from 1952 until 2019, reaching an all time high of 93383 CNY/Year in 2019 and a record low of 445 CNY/Year in 1952. To gauge the income distribution in China across regions, we next looked at real per capita household disposable income for 2015 by provinces. Families in four provinces – Ontario, Saskatchewan, Alberta and British Columbia – had higher median incomes than the Canadian average. Also on the page is average income by state for households or individual workers, plus the median income and top 1% income for the same divisions. Statistical Database. National Bureau of Statistics of China2020-01-19 10:00. In this post, we’ll look at a few of them to analyze income and living standards across China. A common measure for gauging the living standard of a nation is real per capita gross domestic product (GDP). While the provinces of Qinghai and Fujian had announced their 2020 minimum wage increase last year, Guangxi is the only province to announce and implement an increase to their statutory wage after the coronavirus outbreak. The figures are given in Renminbi.Hong Kong SAR, and Macau SAR are excluded. Hover over Click on a tile for details. Comparing these median wages with Croatia, which has an average monthly salary of $887, China has surpassed some parts of … The large difference between the average and the median income means that world income is concentrated in a few rich countries, thus suggesting a high level of global inequality. This was especially true for Beijing and Shanghai, where real per capita household disposable income was around 48,000 yuan, or about four times the level of the lowest income regions. Select a category Over the 2013-2014 financial year, the average Canadian salary increased by 2%. Average salaries in China can vary greatly based on a career field. Here you can query, map, compare, chart and summarize key climate-related information. The paper provides estimates of Gini coefficients for each of the 31 Chinese provinces for the years 2000-2012. The two cities are the top regions in China with their per capita disposable income exceeding the 50,000 yuan mark. Decades of economic development have fueled a massive increase in incomes in China. Disposable Personal Income in China averaged 10916.89 CNY from 1978 until 2019, reaching an all time high of 42359 CNY in 2019 and a record low of 343.40 CNY in 1978. Salaries vary drastically between different careers. Real per capita GDP is the average amount of goods and services produced per person in a nation in a given year at constant prices. Output China’s Gross National Income (GNI) per capita has grown more than ten-fold since 2000, reaching $10,410 in 2019. The figure below shows real per capita GDP across the world in 2014 in terms of the dollar in 2011 at chained purchasing power parities. A person working in Jiangsu typically earns around 31,600 CNY per month. According to the source of income, in 2019, the per capita income of wages and salaries of the whole country was 17,186 yuan (US$2,510), an increase of 8.6%, accounting for 55.9% of the disposable income.. The average starting salary for the class of 2020 at all universities was 63,480 yuan per year, according to an annual report by zhaopin.com, one of China's biggest online job-hunting platforms. Hong Kong SAR, and Macau SAR are excluded. This is the average monthly salary including housing, transport, and other benefits. With an earned Masters Degree, they grosses CNY 387,895. In 2019, the per capita disposable income of Chinese residents was 30,733 yuan, an increase of 8.9 percent in nominal terms over the same period of last year, and a real increase of 5.8 percent after deducting price factors. Statistical Database. The median is just under 7,000 yuan per square meter. Chinese Studies, 7, 174-182. doi: 10.4236/chnstd.2018.72015. Companies operating in China should be aware of these averages and how they continue to increase. Summary about cost of living in Kunming, Yunnan, China: Family of four estimated monthly costs are 2,280.92$ (14,746.86¥) without rent (using our estimator). Shanghai was also the nation’s biggest spender at an average of CNY42,536 (USD6,582) per head. Workers holding Masters Degree degrees enjoy the highest average gross salaries in China. Annual Data. The average index was 2.8 and the median was 2.9. A person working in Fujian typically earns around 28,400 CNY per month. Individual Income Tax Rates (applicable to income … With a gross domestic product per capita of US$8,827 in 2017, ranking 73rd in the world, China is seen as an “upper middle income” country by the World Bank. Salaries vary drastically between different careers. This is a list of the first-level administrative divisions of the People's Republic of China (PRC), including all provinces, autonomous regions and municipalities, in order of their total disposable income per capita in 2014. The St. Louis Fed On the Economy blog features relevant commentary, analysis, research and data from our economists and other St. Louis Fed experts. Nov. 19 – When determining social insurance contributions, there is a base figure for calculating the minimum and maximum contribution amounts for individuals whose salaries fall below or above certain thresholds. China’s per capita disposable income, which refers to the sum of household expenditure and savings, grew 4.7 percent in 2020 from the year before to CNY32,189 (USD4,980), or a gain of 2.1 percent after adjusting for inflation. The average salary in Guangzhou, Guangdong is ¥179k. Introduction . Currently both Shanghai and Shenzhen have higher minimum salaries than Beijing according to this source. Although this is significantly lower than the $43,861 average of OECD economies, China’s GNI per capita is on the high end among fellow BRICS countries. Minimum wages in China continue to grow. This is 423.33% lower of what Masters Degree degree holders earn. China Jump to. Shanghai has the highest disposable income per capita, followed by Beijing; both municipalities saw personal disposable income per capita of over 50,000 yuan. The average disposable income per capita in China was 23,821 yuan in 2016, an increase of 8.4% over the previous year. (2018) On Income Inequality within China’s Provinces. A single person estimated monthly costs are 617.44$ (3,991.92¥) without rent. Monthly Data; Quarterly Data; Annual Data; Census Data province-wide (rather than national) average earnings. Hence, measured by average living standards in the provinces, inequality in China is not as severe as people often think. Interestingly, Beijing and Shanghai were at the bottom of this index. Through CASSIDI you are able to search for and view banking market definitions, find banking market concentrations and perform "What If" (pro forma) HHI analysis on banking market structures. The Bank On movement is designed to improve the financial stability of America’s unbanked and underbanked. Finally, if you are interested in only wage income or salary, you'll find the breakdowns near the end of the post. The average salary among 32 major cities in China stands at 6,070 yuan ($922.64) for job vacancies posted online for the winter of 2015, with Beijing topping the list at 9,227 yuan, followed by Shanghai (8,664 yuan) and Shenzhen (7,728 yuan), thepaper.cn reported according to online data released by zhaopin.com, a leading job hunting website. The average CNY exchange rate used here is from the National Bureau ... there were 10 provinces with GDP per capita exceeding 1,000 US dollars, of which Beijing, Tianjin and Shanghai exceeded 2,000 US dollars. Though some provinces may have high costs of living, often these areas will also have high salaries that ensure Canadians can live a comfortable life. China’s claim that all 3,000 counties designated as poor in 2012 have now been lifted out of poverty is based on average income. For the world as a whole, average real per capita GDP was $20,055.65, while the median figure was $12,981.40. Although this is significantly lower than the $43,861 average of OECD economies, China’s GNI per capita is on the high end among fellow BRICS countries. I. Average salaries in Wuhan, China can vary greatly based on a career field. Households' Income . The latest data on the per capita disposable income for 31 of China’s provincial administrative units indicates that Shanghai, Beijing and Zhejiang province are the three wealthiest regions in the country, with the figure for Shanghai coming in at 58,987.96 yuan (approx. In 2020, the minimum wage in China’s Jiangsu province had amounted to between 1,620 and 2,020 yuan per month, depending on the district. Here you can query, map, compare, chart and summarize key climate-related information. Average Monthly Rainfall 1901 - 2009 (mm) The Climate Change Knowledge Portal is a hub of information, data and reports about climate change around the world. While Beijing has a minimum salary above the average for the country, it is not the highest in the country. Nonetheless, the average income was still significantly higher than the median. With a gross domestic product per capita of US$8,827 in 2017, ranking 73rd in the world, China is seen as an “upper middle income” country by the … In 2014, the average exchange rate between RMB (CNY) and USD is 6.1428 : 1. China’s Foreign Reserves Are Declining. There are many ways to measure income and cost of living. This is a list of the first-level administrative divisions of the People's Republic of China (PRC), including all provinces, autonomous regions and municipalities, in order of their total disposable income per capita in 2014. Lower average gross salaries in the Wuhan, China are earned by those in Making Design (CNY 50,000) and those in IT & Telecommunication … Minimum Salary in Beijng, China. In this post you'll find household income by state and individual income by state statistics for the United States in 2020. I had a good number of jobs in China (not an exaggeration). A Total Fertility Rate (TFR) of 2.1 represents the Replacement-Level Fertility: the average number of children per woman needed for each generation to exactly replace itself without needing international immigration. Management & Business enjoy the highest gross average salaries (CNY 511,983), followed by Construction & Labor Workers (CNY 454,322), and Law (CNY 377,391). By 2019 , the per capita GDP of mainland China exceeded US$10,000, of which Beijing and Shanghai exceeded US$22,000, Jiangsu was nearly US$18,000, Zhejiang and Fujian … This paper makes an attempt at providing Gini coefficient estimates for each of the 31 Chinese provinces for the years 2000 to 2012. This page provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. A value below 2.1 will cause the native population to decline . Read more Monthly minimum wage in China … Today, China is an upper middle-income country that has remaining development challenges. Federal Reserve China’s Gross National Income (GNI) per capita has grown more than ten-fold since 2000, reaching $10,410 in 2019. In national accounts definitions, personal income, minus personal current taxes equals disposable personal income. Views expressed are not necessarily those of the Federal Reserve Bank of St. Louis or of the Federal Reserve System. So far, in 2020, Fujian, Qinghai, and Guangxi have raised their minimum wages. USD$9308.15). Wage & Salaries for China from National Bureau of Statistics of the People's Republic of China for the China Statistical Yearbook release. There is a range of average IQ scores across the globe. 10 province-level administrative entities posted per capita disposable income levels above 30,000 yuan, while Shanghai and Beijing topped the list with figures over twice the national average. Disposable Personal Income in China increased to 42359 CNY in 2019 from 39250.84 CNY in 2018. Saskatchewan comes in second place with $77,300, followed by Ontario ($73,700) and British Columbia ($72,200). This is a list of the first-level administrative divisions of the People's Republic of China (PRC), … During the last 10 years, […] https://www.stlouisfed.org/.../2018/january/income-living-standards-china Monthly Data; Quarterly Data; Annual Data; Census Data The city of Shanghai tops others with an average monthly salary of about $1130, followed by Beijing with $980, and Shenzhen with $940. Although quite interesting, these data nonetheless do not reveal the inequalities across households within each province in China and across the nation. The figure represents a 2.1-percent year-on-year increase in real terms after deducting price factors, said Fang Xiaodan, an official with the National Bureau of Statistics. While China has eradicated extreme poverty, the poverty line has declined as a percentage of average disposable urban income, from 26.7% in 1998 to 13.8% by 2010. The figure shows that China’s average real per capita income is $12,472.51, which is in line with the world median income but far below the world average. Subtracting personal outlays (which includes the major category of personal (or, private) consumption expenditure) yields personal (or, private) savings. Wages in China averaged 13074.47 CNY/Year from 1952 until 2019, reaching an all time high of 93383 CNY/Year in 2019 and a record low of 445 CNY/Year in 1952. Shanghai is in first place, with an average monthly salary of 1,100 USD, followed by … On the face of it that seems a somewhat promising figure. It wouldn’t make any of these households rich, or even lower-middle class by American standards, but it would be quite a leap forward from where they started. If you are moving to China for Postdoc or jobs, you’d obviously be curious to know the average salary in China for foreigners. Financial If anything, people living in the highest income regions could be the poorest in terms of living standards because of high costs of living in big cities. Learn more about the Econ Lowdown Teacher Portal and watch a tutorial on how to use our online learning resources. A person working in Liaoning typically earns around 29,100 CNY per month. A recent study by Ma, ‘Economic growth’, shows that the per capita income of the two provinces in the Yangzi Delta in the 1930s were 55% higher than the Chinese national average. Fertility in China. Community Development People of Shanghai are the richest, whose per capita disposable income stands at 54,126 yuan, about 31,000 yuan higher than the national average, while Beijing is following closely with 51,772 yuan. Finally, we adjusted per capita household disposable income (the second figure) by our provincial housing price index (the third figure) to create an income index adjusted for cost of living (the figure below). This breakdown begins to show regional wealth inequality within China, but still does not fully capture inequality within each province, which requires finer micro data. province variation to investigate the relationship between poverty rates and residential energy consumption, controlling for the average consumption expenditure.1 In spite of tremendous overall reductions, China’s poverty alleviation has been uneven, so we observe reasonable variation in income distributions across provinces and over time. The Rise of China’s Middle Class . Trade, How Fiscal Realities Intersect with Monetary Policy, Measuring Labor Share of the Asian Tigers, Central Banker: News from the St. Louis Fed, In Plain English: Making Sense of the Federal Reserve, Economics and Personal Finance Glossary and Flashcards, Materials and Videos from Featured Events, Center for Household Financial Stability HOME, Manuals, Regulations, Laws & Other Guidance, Living Standards across U.S. Metropolitan Statistical Areas, How Tourism Affects China’s Current Account Surplus. Annual Data. The average annual per capita disposal income by household in China in 2014 was about 20,071 yuan – about $3,000, or $8.22 a day. All countries have been divided into ranked categories based on their average IQ scores. In Plain English - Making Sense of the Federal Reserve. We used a provincial-level consumer price index (CPI) to obtain real disposable income for different provinces across China. There is good reason to believe the regional income gap in China in the 1930s would have been larger than in the eighteenth century. Housing NBS data indicates that China’s national per capita disposable income level was 30,733 yuan (USD$4,430.5) in 2019, for a nominal YoY increase of 8.9% and an inflation adjusted rise of 5.8%. Labor This is the average monthly salary including housing, transport, and other benefits. The per capita net business income was 5,247 yuan, an increase of 8.1%, accounting for 17.1 percent of the disposable income; the per capita net property income was 2,619 … Piketty, et al., also found that while the average annual income growth in China was 6.2 percent from 1978 to 2015, income growth for the bottom 50 percent of the population was just 4.5 percent per year and income growth for the top one percent was nearly nine percent. Salaries range from 7,990 CNY (lowest average) to 141,000 CNY (highest average, actual maximum salary is higher). We believe the Federal Reserve most effectively serves the public by building a more diverse and inclusive economy. We see that housing prices in most provinces did not deviate greatly from the median, but housing prices in Beijing and Shanghai were nearly five times the median and over eight times the lowest housing price regions. Do you live in Kunming? The city of Shanghai tops others with an average monthly salary of about $1130, followed by Beijing with $980, and Shenzhen with $940. Projects & Operations ... Income level: Upper middle ... Average Monthly Temperature 1901 - 2009 (C) Average Monthly Rainfall 1901 - 2009 (mm) The Climate Change Knowledge Portal is a hub of information, data and reports about climate change around the world. , reaching $ 10,410 in 2019 achieved substantial development success since it started structural reform opening! Average exchange rate between RMB ( CNY ) and USD is 6.1428: 1 capita. 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