Key Facts: British Virgin Islands vs Sweden Wages
- British Virgin Islands Minimum Wage
- $8.50/hr
- Sweden Minimum Wage
- No statutory minimum wage
- Sweden Avg. Gross Monthly Salary
- kr40,000 /mo ($4,317.74 USD)
- Data Sources
- BVI Government — New Minimum Wage Announcement (2026-05-04), Medlingsinstitutet (Swedish National Mediation Office) (2026-02-24)
British Virgin Islands
Sweden
Updated 2026-05-04
Minimum Wage
$8.50 /hr
Unlike Sweden, which has no statutory minimum wage, British Virgin Islands mandates a wage floor of $9/hr.
Detailed Comparison
| Metric | British Virgin Islands | Sweden |
|---|---|---|
| Minimum wage /hr | $8.50 | None |
| Minimum wage /mo | $1,473.33 | None |
| Minimum wage /yr | $17,680 | None |
| Avg. gross salary /mo | N/A/mo | kr40,000 /mo $4,317.74 |
| Avg. net salary /mo | N/A/mo | kr30,000 /mo $3,238.31 |
| Median individual income /yr | N/A/yr | kr367,000 /yr $39,615.29 |
Percentage differences are based on USD equivalent values. Positive means British Virgin Islands is higher.
Work Week
- British Virgin Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours under the Labour Code.
- Sweden
-
40 hrs/wk standard
Max 48 hrs/wk
Standard workweek is 40 hours (Working Hours Act / Arbetstidslagen). Maximum overtime is 48 hours over 4 weeks or 200 hours per calendar year. Overtime compensation is determined by collective agreements, not statute. Many agreements provide overtime at 150-200% of normal pay. EU Working Time Directive limits average to 48 hrs/week.
See this comparison from Sweden's perspective: Sweden vs British Virgin Islands
Compare British Virgin Islands with...
Frequently Asked Questions
Is the minimum wage higher in British Virgin Islands or Sweden?
In British Virgin Islands, the minimum wage is $8.50/hr. In Sweden, it is no statutory minimum wage.
How do work hours compare between British Virgin Islands and Sweden?
Both British Virgin Islands and Sweden mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.