The proportion of total wages to GDP varies across countries. In the U.S., wages make up nearly 60% of GDP, while in the UK, it’s 58%, Japan 53%, France 53%, Canada 51%, and Australia 47%. This means that in major industrial countries like those in Europe and Japan, the percentage is around 50-60%. South Korea stands at 44%, Argentina at 36%, and Mexico at 33%. In Latin America, the figure is approximately 33%. In poorer countries like Southeast Asia, including Thailand and the Philippines, it’s 28%, and in the Middle East, it’s 25%. For Africa, we couldn’t find specific data, but estimates suggest it’s below 20%.
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