Average Salary in Lao People's Democratic Republic 2024

Discover the key aspects of salary in the Lao People's Democratic Republic with this insightful article. Gain valuable insights into the pay scale, wage gap, and salary yearly increments, as well as a breakdown based on education level and year of experience. Explore how these factors shape the employment landscape in Laos, providing valuable information for businesses and individuals alike. Stay informed and make informed decisions about salaries in this dynamic Southeast Asian nation.
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 Lao People's Democratic Republic in 2024?

What is the average salary in Lao People's Democratic Republic in 2024?
570USD
(USD 6,800 yearly)
Low 260 USD
Average 570 USD
High 2,500 USD
A person working in Lao People's Democratic Republic typically earns around USD 570 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 Lao People's Democratic Republic in 2023, salaries changed by +0.6% so far. Looking ahead, economists project a gradual recovery in the job market. A complete comparison between 2023 and 2024 will be available at the end of this year.

Pay Scale and Salaries in Lao People's Democratic Republic

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 Lao People's Democratic Republic the minimum salary is USD 260.

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 Lao People's Democratic Republic the median salary is USD 450.

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 Lao People's Democratic Republic the salary ranges from USD 260 to USD 2,500.

Annual Salary Increments in Lao People's Democratic Republic

What is the average annual salary increment in the Lao People's Democratic Republic? How frequently do employees receive salary raises?

During 2024, employees in Lao People's Democratic Republic witnessed an average salary growth of 0.6%. This represents an overall average across various job sectors. The worldwide average for 2024 is 0.6%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 the workforce in Lao People's Democratic Republic experienced approximately 0.6% salary growth. It's important to highlight that this figure represents the average across diverse job sectors. Globally, the average salary increase for 2024 stands at 0.6%.

Historical Graph of Annual Salary Increments in Lao People's Democratic Republic

Employees based in Lao People's Democratic Republic have experienced a salary increase averaging 2.7% per year in recent years. This translates to a range of 0.6% to 5.2% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees in Lao People's Democratic Republic received in recent years salary increase from 0.6% to 5.2% on average per year. It means 2.7% increment per year on average.

Salary Forecast and Trends for the Future in Lao People's Democratic Republic

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 2.8%. Estimated range is between 1.5% and 4.3%.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 2.8%. Estimated range is between 1.5% and 4.3%.

Gender Wage Gap in Lao People's Democratic Republic

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

In terms of wage disparity, Lao People's Democratic Republic experiences 7.0%.Download chartGet chart linkShare on FacebookShare on Twitter
In Lao People's Democratic Republic, the actual wage gap amounts to 7.0%.
It's due to many factors, such as:
  • Discrimination based on gender.
  • On average, women take 10% additional days of paid vacation compared to men each year.
  • Having a college degree is less common among women compared to men.
  • Women are more likely than men to take on caregiving responsibilities for children and elderly relatives.
  • The majority of part-time workers are women, and they typically earn less than those in full-time positions.
  • Lower-paying occupations are more common among women than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and earning a bachelor's degree comes with a plethora of benefits. First and foremost, it significantly enhances career opportunities, allowing for higher income potential and greater access to diverse job prospects. 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

The successful completion of high school and attainment of a bachelor's degree bring forth a wide range of advantages. Primarily, they greatly enhance one's career prospects by increasing earning potential and opening doors to a broader range of job opportunities. Apart from monetary benefits, pursuing a bachelor's degree nurtures personal growth, fosters critical thinking skills, and enables specialization in a chosen field of interest. Furthermore, it facilitates valuable networking possibilities and promotes the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative endeavor that leads to a more enriching and prosperous 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 17%-21% 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 9%-13%. Expertise and leadership attain higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 22%-26% 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 17%-21% 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 9%-13%. 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 22%-26% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Lao People's Democratic Republic

What is the average hourly wage in the Lao People's Democratic Republic?

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 related 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 hard to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity in hourly positions can increase as they are more susceptible to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Some hourly jobs may have limited 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 Lao People's Democratic Republic

What are the best paying jobs in Lao People's Democratic Republic?

List with best paid jobs in Lao People's Democratic RepublicDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Lao People's Democratic Republic?

  1. Surgeon (USD 2,500)
  2. Doctor (USD 2,300)
  3. Chief Executive Officer (CEO) (USD 2,200)
  4. Registered Nurse Anesthetist (USD 2,100)
  5. Dentist (USD 2,000)
  6. Airline Pilot (USD 2,000)
  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 1,500)
  19. Tax Lawyer (USD 1,400)
  20. Lawyer (USD 1,400)
List with worst paid jobs in Lao People's Democratic RepublicDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Lao People's Democratic Republic?

  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 330)
  8. Janitor (USD 330)
  9. Waiter (USD 330)
  10. Tour Guide (USD 340)
  11. Customer Service Representative (USD 400)
  12. Hotel Concierge (USD 410)
  13. Rehabilitation Counselor (USD 410)
  14. Travel Agent (USD 450)
  15. Secretary (USD 460)
  16. Painter (USD 480)
  17. Carpenter (USD 490)
  18. Bus Driver (USD 500)
  19. Artist (USD 510)
  20. Truck Driver (USD 520)
List with best paid industries in Lao People's Democratic RepublicDownload 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 840)
  11. Other (USD 620)
  12. Hospitality and Tourism (USD 520)
  13. Social Services (USD 430)
  14. Services (USD 390)