Liberia vs Taiwan

In Liberia, the minimum wage is $156/mo. In Taiwan, it is NT$190/hr ($6.11 USD). Liberia has the higher rate by 2453% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Taiwan may retain a larger share of their earnings if prices there are lower.

The average gross salary in Liberia is $350/mo, compared to NT$58,000/mo ($1,864.95 USD) in Taiwan. In USD terms, workers in Liberia earn approximately 433% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Liberia and Taiwan is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Taiwan earn more in nominal terms, though how far that income stretches depends on local prices in Liberia.

Liberia has a longer standard work week at 48 hours, compared to 40 hours in Taiwan. Workers in Liberia work 48 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Taiwan working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.