Chad Iceland

Updated 2026-02-25

Chad

Minimum Wage

FCFA60,000 /mo

$107.72 USD

Avg. Gross Salary

FCFA180,000 /mo

Iceland

No statutory minimum wage

Avg. Gross Salary

kr800,000 /mo

Avg. salary: -95% Chad vs Iceland

Unlike Iceland, which has no statutory minimum wage, Chad mandates a wage floor of $108/mo. Average gross salaries diverge further: $323/mo in Chad versus $6,479/mo in Iceland, a 20.0:1 ratio. GDP per capita (PPP) in Iceland is 30.7x that of Chad, underscoring the structural economic divide.

Chad has lower GDP per capita ($2,743 vs $84,257). Chad's unemployment rate is 1.1% compared to Iceland's 3.6%.

Detailed Comparison

Detailed wage comparison between Chad and Iceland
Metric	Chad	Iceland	Diff
Minimum wage /mo	FCFA60,000 $107.72	None	—
Avg. gross salary /mo	FCFA180,000 /mo $323.16	kr800,000 /mo $6,478.78	-95.0%
Avg. net salary /mo	N/A/mo	kr560,000 /mo $4,535.15	—
Median individual income /yr	FCFA180,000 /yr $323.16	kr7,800,000 /yr $63,168.12	-99.5%

Percentage differences are based on USD equivalent values. Positive means Chad is higher.

Work Week

Chad: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Labour Code sets standard at 40 hours/week in the formal sector. Overtime compensated at 1.5x. These provisions apply only to a narrow formal-sector workforce.
Iceland: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.8x pay

Standard working week is 40 hours (set by collective agreements). The Act on Working Environment and Health sets maximum average of 48 hours/week per EU Working Time Directive. Overtime premiums are set by collective agreements, typically 80% premium (1.8x) for daytime overtime, higher for evenings/weekends. A landmark 2021 agreement reduced standard hours from 40 to 36 for many public sector workers, with the private sector gradually following.

See this comparison from Iceland's perspective: Iceland vs Chad

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Frequently Asked Questions

Is the minimum wage higher in Chad or Iceland?

In Chad, the minimum wage is FCFA60,000/mo ($107.72 USD). In Iceland, it is no statutory minimum wage.

How much less does the average worker earn in Chad compared to Iceland?

The average gross salary in Chad is FCFA180,000/mo ($323.16 USD), compared to kr800,000/mo ($6,478.78 USD) in Iceland. In USD terms, workers in Chad earn approximately 1905% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Chad and Iceland is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Iceland earn more in nominal terms, though how far that income stretches depends on local prices in Chad.

How do work hours compare between Chad and Iceland?

Both Chad and Iceland 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.

What is the cost of living difference between Chad and Iceland?

While direct cost of living data varies by source, GDP per capita (PPP) gives a useful proxy for overall economic level. Iceland has the higher GDP per capita at $84,257, which is 30.7x that of Chad at $2,743. From Chad's perspective, this means goods and services are priced at a lower economic level. A higher GDP per capita generally correlates with higher wages, higher consumer prices, and greater availability of goods and services. Workers moving between these two countries should expect significant differences in rent, food, and transportation costs.