Average Salary in Guinea-Bissau 2024

In this comprehensive article, we delve into the salary landscape in Guinea-Bissau, exploring various aspects such as pay scales, wage gaps, annual increments, and how salaries breakdown based on education level and years of experience. Discover valuable insights into the socio-economic landscape of Guinea-Bissau, gain an understanding of the factors influencing salary trends, and uncover strategies for improving earning potential. Stay informed and empowered with the latest salary information in Guinea-Bissau, ensuring you make well-informed career decisions.
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 Guinea-Bissau in 2024?

What is the average salary in Guinea-Bissau in 2024?
990USD
(USD 11,900 yearly)
Low 450 USD
Average 990 USD
High 4,400 USD
The average salary in Guinea-Bissau is typically USD 990 per month. However, salaries can range from USD 450 (lowest average) to USD 4,400 (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 Guinea-Bissau in 2023, salaries changed by +0.9% so far. Looking ahead, economists project a gradual recovery in the job market. We will be able to fully compare 2023 and 2024 at the year's end.

Pay Scale and Salaries in Guinea-Bissau

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 4,400, 75% of the people earn USD 1,400 or less. 50% employees earn less USD 960 or less, 25% of the employees earn less than USD 720.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 4,400, 75% of the people earn USD 1,400 or less. 50% employees earn less USD 960 or less, 25% of the employees earn less than USD 720.

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 Guinea-Bissau the minimum salary is USD 450.

Median Salary

Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. It provides a more balanced view of income distribution, making it less sensitive to extreme values, and is commonly used to gauge average earnings in various professions and industries. In Guinea-Bissau the median salary is USD 780.

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 Guinea-Bissau the salary ranges from USD 450 to USD 4,400.

Annual Salary Increments in Guinea-Bissau

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

In 2024 employees in Guinea-Bissau received around 0.9% salary increase. Please note that this is average across all job sectors. In comparison worldwide average for 2024 is 0.9%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, Guinea-Bissau employees received an average salary increase of 0.9%. It's essential to note that this is an average figure across all job sectors. Globally, the average salary increment for 2024 is 0.9%.

Historical Graph of Annual Salary Increments in Guinea-Bissau

On an average, employees in Guinea-Bissau have received a salary increase ranging from 0.9% to 8.2% per year in recent years. This translates to an average increment of 3.8% per year.Download chartGet chart linkShare on FacebookShare on Twitter
On an average, employees in Guinea-Bissau have received a salary increase ranging from 0.9% to 8.2% per year in recent years. This translates to an average increment of 3.8% per year.

Salary Forecast and Trends for the Future in Guinea-Bissau

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 3.5%. Estimated range is between 1.9% and 5.4%.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 3.5%. Estimated range is between 1.9% and 5.4%.

Gender Wage Gap in Guinea-Bissau

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

Guinea-Bissau has an actual wage gap of 8.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The gender pay gap in Guinea-Bissau is currently 8.0%.
It's due to many factors, such as:
  • Discrimination against a specific gender.
  • On average, women use 10% more paid vacation days per year compared to men.
  • A college degree is more frequently attained by men than women.
  • In the realm of caregiving responsibilities for children and elderly relatives, women are more predisposed than men to take them on.
  • Women are more inclined to pursue part-time jobs, and these jobs typically come with lower earnings compared to full-time positions.
  • Men, as opposed to women, are more likely to work in higher-paying occupations.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree brings immense benefits. Firstly, it paves the way for better career prospects, unlocking higher earning potential and enabling access to a wider array of job opportunities. 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. is a testament to perseverance, intellectual curiosity, and a commitment to pushing the boundaries of human understanding, ultimately leading to 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 18%-22% 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 around 13%-17%. Expertise and leadership garner higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 20%-24% 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 18%-22% 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 around 13%-17%. Expertise and leadership bring 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 20%-24% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Guinea-Bissau

What is the average hourly wage in the Guinea-Bissau?

Average Hourly Wage
6USD
Low 3 USD
Average 6 USD
High 26 USD

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

  • Income instability: Budgeting and planning for expenses can be difficult due to the irregular or fluctuating income that hourly wages may result in.
  • 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 commonly associated with full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Hourly positions are sometimes more susceptible to layoffs, downsizing, or changes in demand, which can lead to job insecurity compared to salaried positions.
  • Limited career advancement: Certain hourly positions may offer limited chances for career advancement, professional growth, or upward movement within the company.
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 Guinea-Bissau

What are the best paying jobs in Guinea-Bissau?

List with best paid jobs in Guinea-BissauDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Guinea-Bissau?

  1. Surgeon (USD 4,400)
  2. Doctor (USD 3,900)
  3. Chief Executive Officer (CEO) (USD 3,800)
  4. Registered Nurse Anesthetist (USD 3,700)
  5. Dentist (USD 3,500)
  6. Airline Pilot (USD 3,400)
  7. Intellectual Property Lawyer (USD 3,300)
  8. Marketing Manager (USD 2,900)
  9. Marketing Director (USD 2,900)
  10. Sales Director (USD 2,700)
  11. Sales Manager (USD 2,700)
  12. Petroleum Engineer (USD 2,700)
  13. Brand Manager (USD 2,600)
  14. Marketer (USD 2,600)
  15. Judge (USD 2,600)
  16. Treasurer (USD 2,600)
  17. Controller (USD 2,600)
  18. Pharmacist (USD 2,500)
  19. Tax Lawyer (USD 2,500)
  20. Lawyer (USD 2,500)
List with worst paid jobs in Guinea-BissauDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Guinea-Bissau?

  1. Cashier (USD 470)
  2. Childcare Worker (USD 490)
  3. Stock clerk (USD 500)
  4. Elder Care Worker (USD 500)
  5. Receptionist (USD 520)
  6. Bartender (USD 560)
  7. Food and beverage server (USD 570)
  8. Janitor (USD 570)
  9. Waiter (USD 580)
  10. Tour Guide (USD 590)
  11. Customer Service Representative (USD 700)
  12. Hotel Concierge (USD 710)
  13. Rehabilitation Counselor (USD 720)
  14. Travel Agent (USD 780)
  15. Secretary (USD 810)
  16. Painter (USD 830)
  17. Carpenter (USD 860)
  18. Bus Driver (USD 880)
  19. Artist (USD 890)
  20. Truck Driver (USD 900)
List with best paid industries in Guinea-BissauDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 2,800)
  2. Business and Management (USD 2,400)
  3. Marketing and Sales (USD 2,200)
  4. Engineering (USD 2,000)
  5. Law (USD 1,900)
  6. Accounting and Finance (USD 1,900)
  7. Computer and Information Technology (USD 1,900)
  8. Transportation and Logistics (USD 1,800)
  9. Science (USD 1,800)
  10. Education and Training (USD 1,500)
  11. Other (USD 1,100)
  12. Hospitality and Tourism (USD 910)
  13. Social Services (USD 750)
  14. Services (USD 680)