Average Salary in Equatorial Guinea 2024

Exploring the Salary Landscape in Equatorial Guinea: Unveiling Pay Scales, Wage Gaps, and Yearly Increments. Dive into an enlightening analysis unveiling the intricate web of salary structures in Equatorial Guinea. This comprehensive article delves into the complexities of pay scales, shedding light on the wage gap and providing a breakdown based on education level and years of experience. Rediscover transparency as we dissect annual salary increments, empowering professionals to make informed decisions to shape their careers in Equatorial Guinea's dynamic job market.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Equatorial Guinea in 2024?

What is the average salary in Equatorial Guinea in 2024?
560USD
(USD 6,800 yearly)
Low 260 USD
Average 560 USD
High 2,500 USD
A person working in Equatorial Guinea typically earns around USD 560 per month. Salaries range from USD 260 (lowest average) to USD 2,500 (highest average, actual maximum salary is higher). This is the average salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
In comparison with average salary in Equatorial Guinea in 2023, salaries changed by +0.7% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison between 2023 and 2024 will be conducted by the year's end.

Pay Scale and Salaries in Equatorial Guinea

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 2,500, 75% of the people earn USD 780 or less. 50% employees earn less USD 550 or less, 25% of the employees earn less than USD 410.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 2,500, 75% of the people earn USD 780 or less. 50% employees earn less USD 550 or less, 25% of the employees earn less than USD 410.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Equatorial Guinea the minimum salary is USD 260.

Median Salary

Located in Equatorial Guinea, the median salary is USD 450, signifying the middle point of all salaries in a dataset. This measurement offers a more equitable representation of income distribution and is widely used to gauge average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Equatorial Guinea the salary ranges from USD 260 to USD 2,500.

Annual Salary Increments in Equatorial Guinea

What is the average annual salary increment in the Equatorial Guinea? How frequently do employees receive salary raises?

Employees in Equatorial Guinea experienced an average salary increase of 0.7% during 2024. This average is calculated across different job sectors. Globally, the average salary increase for 2024 is 0.7%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, Equatorial Guinea recorded an average salary increment of around 0.7% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 0.7%.

Historical Graph of Annual Salary Increments in Equatorial Guinea

Within the past years, employees in Equatorial Guinea have seen their salaries increase by an average of 3.4% per year. This encompasses a range of 0.7% to 5.2% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
In the past years, employees in Equatorial Guinea have seen their salaries rise by an average of 3.4% per year. The increment ranges from 0.7% to 5.2% per year on average.

Salary Forecast and Trends for the Future in Equatorial Guinea

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.8%. Estimated range is between 2.1% and 5.8%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.8%. Estimated range is between 2.1% and 5.8%.

Gender Wage Gap in Equatorial Guinea

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Actual wage gap in Equatorial Guinea is 6.0%.Download chartGet chart linkShare on FacebookShare on Twitter
Equatorial Guinea has an actual wage gap of 6.0%.
It's due to many factors, such as:
  • Gender-based prejudice.
  • On average, women take 10% more days of paid vacation than men each year.
  • A college degree is more frequently attained by men than women.
  • Women are more likely than men to take on caregiving responsibilities for children and elderly relatives.
  • Compared to men, women are more prone to opt for part-time work, which often results in lower earnings than full-time employment.
  • Men are more likely to work in higher-paying occupations than women.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

High school completion and achieving a bachelor's degree offer numerous advantages. Primarily, they substantially improve career prospects, resulting in increased earning potential and wider job options. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

High school completion and achieving a bachelor's degree offer numerous advantages. Primarily, they substantially improve career prospects, resulting in increased earning potential and wider job options. Besides financial benefits, pursuing a bachelor's degree fosters personal growth, sharpens critical thinking abilities, and enables specialization in a chosen field. It also provides valuable networking prospects and facilitates the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a life-altering path that opens doors to a more satisfying and successful future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. showcases extraordinary dedication to expanding the frontiers of knowledge and achieving a fulfilling and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 13%-17% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of approximately 6%-10%. Expertise and leadership attain higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 18%-22% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 13%-17% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of roughly 6%-10%. Expertise and leadership earn higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 18%-22% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Equatorial Guinea

What is the average hourly wage in the Equatorial Guinea?

Average Hourly Wage
3USD
Low 2 USD
Average 3 USD
High 15 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Dealing with irregular or fluctuating income from hourly wages can make it challenging to budget and plan for expenses.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks usually attributed to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can interrupt work-life balance and make it challenging to maintain consistent routines.
  • Uncertain job security: Hourly positions may experience higher job insecurity than salaried positions due to their susceptibility to layoffs, downsizing, or changes in demand.
  • Limited career advancement: There are instances where hourly employment offers restricted opportunities for career growth, professional development, or upward mobility within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Equatorial Guinea

What are the best paying jobs in Equatorial Guinea?

List with best paid jobs in Equatorial GuineaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Equatorial Guinea?

  1. Surgeon (USD 2,500)
  2. Doctor (USD 2,200)
  3. Chief Executive Officer (CEO) (USD 2,100)
  4. Registered Nurse Anesthetist (USD 2,100)
  5. Dentist (USD 2,000)
  6. Airline Pilot (USD 1,900)
  7. Intellectual Property Lawyer (USD 1,900)
  8. Marketing Manager (USD 1,700)
  9. Marketing Director (USD 1,700)
  10. Sales Director (USD 1,600)
  11. Sales Manager (USD 1,600)
  12. Petroleum Engineer (USD 1,600)
  13. Brand Manager (USD 1,500)
  14. Marketer (USD 1,500)
  15. Judge (USD 1,500)
  16. Treasurer (USD 1,500)
  17. Controller (USD 1,500)
  18. Pharmacist (USD 1,400)
  19. Tax Lawyer (USD 1,400)
  20. Lawyer (USD 1,400)
List with worst paid jobs in Equatorial GuineaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Equatorial Guinea?

  1. Cashier (USD 270)
  2. Childcare Worker (USD 280)
  3. Stock clerk (USD 290)
  4. Elder Care Worker (USD 290)
  5. Receptionist (USD 300)
  6. Bartender (USD 320)
  7. Food and beverage server (USD 320)
  8. Janitor (USD 330)
  9. Waiter (USD 330)
  10. Tour Guide (USD 330)
  11. Customer Service Representative (USD 400)
  12. Hotel Concierge (USD 410)
  13. Rehabilitation Counselor (USD 410)
  14. Travel Agent (USD 440)
  15. Secretary (USD 460)
  16. Painter (USD 470)
  17. Carpenter (USD 490)
  18. Bus Driver (USD 500)
  19. Artist (USD 500)
  20. Truck Driver (USD 510)
List with best paid industries in Equatorial GuineaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,600)
  2. Business and Management (USD 1,400)
  3. Marketing and Sales (USD 1,300)
  4. Engineering (USD 1,200)
  5. Law (USD 1,100)
  6. Accounting and Finance (USD 1,100)
  7. Computer and Information Technology (USD 1,100)
  8. Transportation and Logistics (USD 1,100)
  9. Science (USD 1,100)
  10. Education and Training (USD 830)
  11. Other (USD 620)
  12. Hospitality and Tourism (USD 520)
  13. Social Services (USD 430)
  14. Services (USD 390)