Highest paying jobs: salary comparison in Andorra
Salary in Andorra. Indicators after taxation
The most highly paid employees in Andorra (highest paying jobs) are representatives of the financial sector – the average salary of such a specialist is 5,083 euros per month.
Second place is occupied by employees of industries (3,361 euros per month), third place is occupied by the employees in the sphere of production and distribution of energy (monthly salary is 2,948 euros), and fourth by administrative and social service employees (monthly salary is 2,364 euros).
The average salary of a medical worker is 2,158 euros per month, teachers – 2,047 euros per month.
The minimum wage in the principality in 2017 is 991 euros.
The salary of the head of the government of Andorra, Antoni Marti, is 5,942 euros per month (before taxation). Meanwhile, the previous prime minister had 6,603 euros per month (before taxation). This information is contained in the response to the official request of the Secretary-General of the party “Liberals of Andorra” Ferran Costa.
The salary of the Cabinet of Ministers, which is more than 10 ministers, 7 state secretaries, about 30 directors of departments (55 political positions) – in total 246.000 euros per month (before taxation). Thus, the average salary of government officials is about 4,500 euros per month (before taxes). The average salary of ministers is 5,103 euros per month.
Why are the highest paying jobs in Andorra as indicated?
4 more important additional details about Andorra:
1. The minimum direct taxation on income tax of citizens and residents in Western Europe is 10%. If the income of the Andorran family does not exceed 24,000 euros per year, the Andorrans DO NOT pay income tax. Secondary taxes in the country (VAT) are fixed at 4.5%. This makes Andorra the capital of “cheap shopping” in Western Europe.
2. Andorra is in the TOP 15 most prosperous countries in the world. Andorra ranks 12th in the world in terms of quality of life, according to the International Living Index;
3. Andorra is included in the TOP 5 richest countries in the world. Andorra’s GDP per capita is higher than in the US, Japan, Germany, France and Spain. It stands 5th in the world, according to the World Bank: only ahead of Monaco, Liechtenstein, Luxembourg and San Marino.
4. High-quality medical service. The state medical insurance starts from 215 euros per month for a family of 4 people. The cost of a commercial full-coverage medical insurance starts from 800 euros per person. According to the HAQ rating from the world’s leading medical journal The Lancet, Andorra’s healthcare system is the best in the world, gaining 95 points out of 100 and overtaking Iceland and Switzerland.