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This dataset contains data on average annual wages per full-time and full-year equivalent employee in the total economy. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees.
Average wages are converted in USD PPPs using 2017 USD PPPs for private consumption and are deflated by a price deflator for private final consumption expenditures in 2017 prices.
Real compensation per employee (instead of real wages) are considered for Chile, Iceland, Mexico and New Zealand.