Average Salary in Madagascar 2024

Exploring the salary landscape in Madagascar, this article delves into various facets, including the pay scale, wage gap, annual salary increments, and their breakdown based on education level or years of experience. Gain insights into the diverse remuneration patterns in Madagascar, uncovering the dynamics of earning potential and the factors that influence it. Discover how salary structures align with education and experience, and understand the implications of wage gaps. Stay informed with relevant information to navigate the intriguing domain of salaries in Madagascar.
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 Madagascar in 2024?

What is the average salary in Madagascar in 2024?
160USD
(USD 1,900 yearly)
Low 70 USD
Average 160 USD
High 680 USD
The average salary in Madagascar is typically USD 160 per month. However, salaries can vary greatly, ranging from USD 70 (lowest average) to USD 680 (highest average, actual maximum salary is higher). These figures include housing, transport, and other benefits. Different careers offer significantly diverse salary opportunities. If you wish to explore salaries for specific job titles, they are listed below.
In comparison with average salary in Madagascar in 2023, salaries changed by +0.8% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison 2023 and 2024 we are able to do it at the end of the year.

Pay Scale and Salaries in Madagascar

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 680, 75% of the people earn USD 220 or less. 50% employees earn less USD 150 or less, 25% of the employees earn less than USD 120.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 680, 75% of the people earn USD 220 or less. 50% employees earn less USD 150 or less, 25% of the employees earn less than USD 120.

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 Madagascar the minimum salary is USD 70.

Median Salary

The median salary in Madagascar tends to reflect the middle point of all salaries in a dataset, with half of the values above and half below it. This indicator offers a more balanced outlook on income distribution and is frequently used to assess 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 Madagascar the salary ranges from USD 70 to USD 680.

Annual Salary Increments in Madagascar

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

Employees in Madagascar experienced an average salary increase of 0.8% during 2024. This average is calculated across different job sectors. Globally, the average salary increase for 2024 is 0.8%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, employees based in Madagascar witnessed an average salary increase of 0.8%. It's crucial to emphasize that this is an aggregate figure encompassing all job sectors. The worldwide average for 2024 is 0.8%.

Historical Graph of Annual Salary Increments in Madagascar

The average yearly salary increase for employees in Madagascar over the past years ranged from 0.8% to 6.7%. On average, this represents a 3.5% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees in Madagascar received in recent years salary increase from 0.8% to 6.7% on average per year. It means 3.5% increment per year on average.

Salary Forecast and Trends for the Future in Madagascar

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 Madagascar

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

The gender pay disparity in Madagascar is 8.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The actual wage gap in Madagascar reaches 8.0%.
It's due to many factors, such as:
  • Gender-based prejudice.
  • On average, women take 10% longer vacations than men each year.
  • Women are less likely than men to have a college degree.
  • Men are less inclined than women to assume caregiving responsibilities for children and elderly relatives.
  • Women are more likely than men to work part-time, and part-time workers typically earn less than full-time workers.
  • Compared to men, women have a higher likelihood of working in lower-paying occupations.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and attaining a bachelor's degree yields a host of benefits. Above all, it significantly enhances career prospects by increasing earning potential and broadening access to a greater variety 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

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. Apart from financial advantages, pursuing a bachelor's degree nurtures personal growth, enhances critical thinking skills, and offers the opportunity to specialize in a specific field of interest. It also facilitates valuable networking avenues and the cultivation of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative adventure that leads to a more gratifying 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. exemplifies a relentless pursuit of excellence and a path towards a transformative 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 about 9%-13%. Expertise and leadership result in higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 17%-21% 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 nearly 9%-13%. Expertise and leadership secure 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 17%-21% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Madagascar

What is the average hourly wage in the Madagascar?

Average Hourly Wage
1USD
Low 0 USD
Average 1 USD
High 4 USD

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

  • Income instability: Hourly wages may result in irregular or fluctuating income, making 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 commonly linked 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 disrupt 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 roles might have restricted possibilities for career advancement, professional growth, or upward movement 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 Madagascar

What are the best paying jobs in Madagascar?

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

Highest paying jobs Madagascar?

  1. Surgeon (USD 680)
  2. Doctor (USD 610)
  3. Chief Executive Officer (CEO) (USD 580)
  4. Registered Nurse Anesthetist (USD 570)
  5. Dentist (USD 540)
  6. Airline Pilot (USD 530)
  7. Intellectual Property Lawyer (USD 510)
  8. Marketing Manager (USD 450)
  9. Marketing Director (USD 450)
  10. Sales Director (USD 420)
  11. Sales Manager (USD 420)
  12. Petroleum Engineer (USD 420)
  13. Brand Manager (USD 410)
  14. Marketer (USD 410)
  15. Judge (USD 400)
  16. Treasurer (USD 400)
  17. Controller (USD 400)
  18. Pharmacist (USD 390)
  19. Tax Lawyer (USD 380)
  20. Lawyer (USD 380)
List with worst paid jobs in MadagascarDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Madagascar?

  1. Cashier (USD 80)
  2. Childcare Worker (USD 80)
  3. Stock clerk (USD 80)
  4. Elder Care Worker (USD 80)
  5. Receptionist (USD 90)
  6. Bartender (USD 90)
  7. Food and beverage server (USD 90)
  8. Janitor (USD 90)
  9. Waiter (USD 100)
  10. Tour Guide (USD 100)
  11. Customer Service Representative (USD 110)
  12. Hotel Concierge (USD 120)
  13. Rehabilitation Counselor (USD 120)
  14. Travel Agent (USD 130)
  15. Secretary (USD 130)
  16. Painter (USD 130)
  17. Carpenter (USD 140)
  18. Bus Driver (USD 140)
  19. Artist (USD 140)
  20. Truck Driver (USD 150)
List with best paid industries in MadagascarDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 430)
  2. Business and Management (USD 370)
  3. Marketing and Sales (USD 340)
  4. Engineering (USD 310)
  5. Law (USD 300)
  6. Accounting and Finance (USD 300)
  7. Computer and Information Technology (USD 290)
  8. Transportation and Logistics (USD 280)
  9. Science (USD 280)
  10. Education and Training (USD 230)
  11. Other (USD 170)
  12. Hospitality and Tourism (USD 150)
  13. Social Services (USD 120)
  14. Services (USD 110)