Togo Iceland

Updated 2026-02-25

Togo

Minimum Wage

CFA302.88 /hr

$0.54 USD

Avg. Gross Salary

CFA100,000 /mo

Iceland

No statutory minimum wage

Avg. Gross Salary

kr800,000 /mo

Avg. salary: -97% Togo vs Iceland

Unlike Iceland, which has no statutory minimum wage, Togo mandates a wage floor of $1/hr. Average gross salaries diverge further: $180/mo in Togo versus $6,479/mo in Iceland, a 36.1:1 ratio. GDP per capita (PPP) in Iceland is 25.0x that of Togo, underscoring the structural economic divide.

Togo has lower GDP per capita ($3,365 vs $84,257). Togo's unemployment rate is 2.0% compared to Iceland's 3.6%.

Detailed Comparison

Detailed wage comparison between Togo and Iceland
Metric	Togo	Iceland	Diff
Minimum wage /hr	CFA302.88 $0.54	None	—
Minimum wage /mo	CFA52,500 $94.25	None	—
Minimum wage /yr	CFA630,000 $1,131.06	None	—
Avg. gross salary /mo	CFA100,000 /mo $179.53	kr800,000 /mo $6,478.78	-97.2%
Avg. net salary /mo	CFA85,000 /mo $152.60	kr560,000 /mo $4,535.15	-96.6%
Median individual income /yr	CFA400,000 /yr $718.13	kr7,800,000 /yr $63,168.12	-98.9%

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

Work Week

Togo: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.2x pay

Standard workweek is 40 hours for non-agricultural sectors. Agricultural work year capped at 2,400 hours. Overtime between 41-48 hours paid at 120% of normal rate; hours exceeding 48 paid at 140%. Governed by the Labour Code (Code du Travail).
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 Togo

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Frequently Asked Questions

Is the minimum wage higher in Togo or Iceland?

In Togo, the minimum wage is CFA302.88/hr ($0.54 USD). In Iceland, it is no statutory minimum wage.

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

The average gross salary in Togo is CFA100,000/mo ($179.53 USD), compared to kr800,000/mo ($6,478.78 USD) in Iceland. In USD terms, workers in Togo earn approximately 3509% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Togo 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 Togo.

How do work hours compare between Togo and Iceland?

Both Togo 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 Togo 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 25.0x that of Togo at $3,365. From Togo'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.