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Taiwan median salary highest since 2012

Taiwan’s median salary was NT$470,000 in 2017

Taiwanese Money

Taiwanese Money (Wikimedia Commons photo)

TAIPEI (Taiwan News) – Taiwan’s median annual income was NT$470,000 (US$15,235) in 2017, according a new report by the Directorate General of Budget, Accounting and Statistics (DGBAS), reported CNA.

The measure of central tendency reached its highest level in six years, with DGBAS attributing the relatively high figure to pay rises which took place in 2017, as well as strong economic performance in the first half of that year.

The report showed that the highest median salaries were in the electricity and gas supply, and financial services sectors. These sectors were also reported to be Taiwan’s highest paying by DGBAS earlier this year. Median income in these sectors for 2017 was NT$1.196 million and NT$889,000 respectively.

The report suggests the median annual income for people aged under 25 years old was NT$319,000. This figure rises to NT$548,000 for people aged between 40 and 49, and declines to NT$386,000 for people 65 years and older.

The report also found the median salary for women was NT$438,000, and increased by 2.73 percent from a year earlier. Median salary for men was NT$503,000, and increased by 1.86 percent.

The median salary figure is comprised of monthly remuneration, as well as one-off payments including bonuses and other compensation.