Average Salary in Sao Tome and Principe 2024

Discover the intricacies of salary dynamics in Sao Tome and Principe. Explore the pay scale variations, wage gaps, and yearly increments prevalent in the country. Gain insights into how salaries differ based on education level or years of experience. Unearth a comprehensive breakdown of the salary landscape, empowering individuals and businesses alike to make informed decisions. Stay ahead in the ever-evolving job market of Sao Tome and Principe with this crucial exploration of salaries, condensed into one insightful article.
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 Sao Tome and Principe in 2024?

What is the average salary in Sao Tome and Principe in 2024?
430USD
(USD 5,200 yearly)
Low 200 USD
Average 430 USD
High 1,900 USD
The average salary for individuals working in Sao Tome and Principe is about USD 430 per month. However, salary ranges from USD 200 (lowest average) to USD 1,900 (highest average, actual maximum salary is higher). Please note that this figure takes into account housing, transport, and other benefits. Salaries can significantly vary across different careers. If you would like to know the salary of a specific job title, please see the information below.
In comparison with average salary in Sao Tome and Principe in 2023, salaries changed by +0.6% so far. Looking ahead, economists project a gradual recovery in the job market. The comprehensive comparison between 2023 and 2024 will be conducted at the year's end.

Pay Scale and Salaries in Sao Tome and Principe

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 1,900, 75% of the people earn USD 590 or less. 50% employees earn less USD 420 or less, 25% of the employees earn less than USD 310.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 1,900, 75% of the people earn USD 590 or less. 50% employees earn less USD 420 or less, 25% of the employees earn less than USD 310.

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 Sao Tome and Principe the minimum salary is USD 200.

Median Salary

The median salary in Sao Tome and Principe 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 Sao Tome and Principe the salary ranges from USD 200 to USD 1,900.

Annual Salary Increments in Sao Tome and Principe

What is the average annual salary increment in the Sao Tome and Principe? How frequently do employees receive salary raises?

During 2024, employees in Sao Tome and Principe 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
During 2024, employees in Sao Tome and Principe 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%.

Historical Graph of Annual Salary Increments in Sao Tome and Principe

The average yearly salary increase for employees in Sao Tome and Principe over the past years ranged from -0.4% to 4.9%. On average, this represents a 2.4% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
On an average, employees in Sao Tome and Principe have received a salary increase ranging from -0.4% to 4.9% per year in recent years. This translates to an average increment of 2.4% per year.

Salary Forecast and Trends for the Future in Sao Tome and Principe

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 2.6%. Estimated range is between 1.4% and 4.0%.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 2.6%. Estimated range is between 1.4% and 4.0%.

Gender Wage Gap in Sao Tome and Principe

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

Sao Tome and Principe has an actual wage gap of 8.0%.Download chartGet chart linkShare on FacebookShare on Twitter
The actual wage gap in Sao Tome and Principe reaches 8.0%.
It's due to many factors, such as:
  • Discrimination against a specific gender.
  • On average, women enjoy 10% more days of paid vacation than men each year.
  • Men are more inclined than women to possess a college degree.
  • In the context of caregiving responsibilities for children and elderly relatives, women are more prone than men to take them on.
  • Part-time employment is disproportionately dominated by women, who usually earn less than their full-time counterparts.
  • 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?

The completion of high school and the acquisition of a bachelor's degree offer a myriad of benefits. Above all, it greatly enhances career prospects, resulting in higher earning potential and expanded job possibilities. 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 completion of high school and the acquisition of a bachelor's degree bring about a wealth of benefits. Most importantly, they greatly improve career prospects, leading to higher earning potential and a wider range of job opportunities. Beyond financial advantages, pursuing a bachelor's degree fosters personal growth, hones critical thinking skills, and allows for specialization in a specific field of interest. It also provides valuable networking opportunities and encourages the development of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative endeavor that unlocks a more fulfilling 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 15%-19% 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 7%-11%. Expertise and leadership garner 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 15%-19% 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 approximately 7%-11%. Expertise and leadership attain 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 Sao Tome and Principe

What is the average hourly wage in the Sao Tome and Principe?

Average Hourly Wage
3USD
Low 1 USD
Average 3 USD
High 11 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 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 upset work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Job insecurity can be higher in hourly positions compared to salaried positions due to susceptibility to layoffs, downsizing, or changes in demand.
  • Limited career advancement: There may be limited opportunities for career growth, professional development, or upward mobility within the organization in some hourly jobs.
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 Sao Tome and Principe

What are the best paying jobs in Sao Tome and Principe?

List with best paid jobs in Sao Tome and PrincipeDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Sao Tome and Principe?

  1. Surgeon (USD 1,900)
  2. Doctor (USD 1,700)
  3. Chief Executive Officer (CEO) (USD 1,600)
  4. Registered Nurse Anesthetist (USD 1,600)
  5. Dentist (USD 1,500)
  6. Airline Pilot (USD 1,500)
  7. Intellectual Property Lawyer (USD 1,400)
  8. Marketing Manager (USD 1,300)
  9. Marketing Director (USD 1,300)
  10. Sales Director (USD 1,200)
  11. Sales Manager (USD 1,200)
  12. Petroleum Engineer (USD 1,200)
  13. Brand Manager (USD 1,200)
  14. Marketer (USD 1,200)
  15. Judge (USD 1,200)
  16. Treasurer (USD 1,100)
  17. Controller (USD 1,100)
  18. Pharmacist (USD 1,100)
  19. Tax Lawyer (USD 1,100)
  20. Lawyer (USD 1,100)
List with worst paid jobs in Sao Tome and PrincipeDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Sao Tome and Principe?

  1. Cashier (USD 210)
  2. Childcare Worker (USD 210)
  3. Stock clerk (USD 220)
  4. Elder Care Worker (USD 220)
  5. Receptionist (USD 230)
  6. Bartender (USD 250)
  7. Food and beverage server (USD 250)
  8. Janitor (USD 250)
  9. Waiter (USD 250)
  10. Tour Guide (USD 260)
  11. Customer Service Representative (USD 310)
  12. Hotel Concierge (USD 310)
  13. Rehabilitation Counselor (USD 310)
  14. Travel Agent (USD 340)
  15. Secretary (USD 350)
  16. Painter (USD 360)
  17. Carpenter (USD 370)
  18. Bus Driver (USD 380)
  19. Artist (USD 390)
  20. Truck Driver (USD 390)
List with best paid industries in Sao Tome and PrincipeDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 1,200)
  2. Business and Management (USD 1,100)
  3. Marketing and Sales (USD 930)
  4. Engineering (USD 860)
  5. Law (USD 820)
  6. Accounting and Finance (USD 810)
  7. Computer and Information Technology (USD 790)
  8. Transportation and Logistics (USD 770)
  9. Science (USD 770)
  10. Education and Training (USD 640)
  11. Other (USD 470)
  12. Hospitality and Tourism (USD 400)
  13. Social Services (USD 330)
  14. Services (USD 300)