Sweden Monaco

Updated 2026-02-25

Sweden

No statutory minimum wage

Avg. Gross Salary

kr40,000 /mo

Monaco

Minimum Wage

€11.88 /hr

$13.83 USD

Avg. Gross Salary

€4,931 /mo

Avg. salary: -25% Sweden vs Monaco

Sweden has no statutory minimum wage, while Monaco sets a floor of $14/hr. Average salaries are lower in Sweden at $4,318/mo compared to $5,742/mo in Monaco.

Detailed Comparison

Detailed wage comparison between Sweden and Monaco
Metric	Sweden	Monaco	Diff
Minimum wage /hr	None	€11.88 $13.83	—
Minimum wage /mo	None	€2,008 $2,338.42	—
Minimum wage /yr	None	€24,096 $28,061.02	—
Avg. gross salary /mo	kr40,000 /mo $4,317.74	€4,931 /mo $5,742.40	-24.8%
Avg. net salary /mo	kr30,000 /mo $3,238.31	€4,300 /mo $5,007.57	-35.3%
Median individual income /yr	kr367,000 /yr $39,615.29	€40,068 /yr $46,661.23	-15.1%

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

Work Week

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.
Monaco: 39 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.25x pay

Standard workweek is 39 hours, aligned with French labor standards. Maximum 48 hours including overtime. Overtime premium: 25% for first 8 hours above 39, 50% thereafter. Night work and Sunday work attract additional premiums per sector agreements. Mandatory rest of 11 consecutive hours between shifts.

What This Means for Workers

Standard work weeks differ: Sweden mandates 40 hours while Monaco mandates 39 hours.

See this comparison from Monaco's perspective: Monaco vs Sweden

Compare Sweden with...

Sweden vs United States $ 7.25 /hr

Sweden vs China ¥ 25 /hr

Sweden vs Germany € 13.9 /hr

Sweden vs United Kingdom £ 12.71 /hr

Sweden vs India ₹ 4,576 /mo

Sweden vs Japan ¥ 1,121 /hr

Sweden vs France € 12.02 /hr

Sweden vs South Korea ₩ 10,320 /hr

Sweden vs Canada C$ 18.1 /hr

Sweden vs Australia A$ 24.95 /hr

Sweden vs Brazil R$ 7.37 /hr

Sweden vs Russia ₽ 156.31 /hr

Sweden vs Mexico MX$ 9,583.52 /mo

Sweden vs Indonesia Rp 33,058 /hr

Sweden vs Netherlands € 14.71 /hr

Sweden vs Saudi Arabia ﷼ 23.08 /hr

Sweden vs Turkey ₺ 164.94 /hr

Sweden vs Taiwan NT$ 190 /hr

Sweden vs Switzerland

Sweden vs Poland zł 31.4 /hr

Sweden vs Thailand ฿ 10,400 /mo

Sweden vs Argentina ARS 1,762 /hr

Sweden vs Singapore

Sweden vs Norway

Frequently Asked Questions

Is the minimum wage higher in Sweden or Monaco?

In Sweden, the minimum wage is no statutory minimum wage. In Monaco, it is €11.88/hr ($13.83 USD).

How much less does the average worker earn in Sweden compared to Monaco?

The average gross salary in Sweden is kr40,000/mo ($4,317.74 USD), compared to €4,931/mo ($5,742.40 USD) in Monaco. In USD terms, workers in Sweden earn approximately 33% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Sweden and Monaco is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Monaco earn more in nominal terms, though how far that income stretches depends on local prices in Sweden.

How do work hours compare between Sweden and Monaco?

Sweden has a longer standard work week at 40 hours, compared to 39 hours in Monaco. Workers in Sweden work 40 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Monaco 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.