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Key Facts: Turks and Caicos Islands vs Sweden Wages

Turks and Caicos Islands Minimum Wage
$8/hr
Sweden Minimum Wage
No statutory minimum wage
Sweden Avg. Gross Monthly Salary
kr40,000 /mo ($4,317.74 USD)
Data Sources
TC Weekly News — Minimum Wage Increase (2026-05-04), Medlingsinstitutet (Swedish National Mediation Office) (2026-02-24)

Turks and Caicos Islands flag Turks and Caicos Islands Sweden flag Sweden

Updated 2026-05-04

Turks and Caicos Islands flag Turks and Caicos Islands

Minimum Wage

$8 /hr

Sweden flag Sweden

No statutory minimum wage

Avg. Gross Salary

kr40,000 /mo

Unlike Sweden, which has no statutory minimum wage, Turks and Caicos Islands mandates a wage floor of $8/hr.

Detailed Comparison

Detailed wage comparison between Turks and Caicos Islands and Sweden
Metric Turks and Caicos Islands Sweden
Minimum wage /hr $8 None
Minimum wage /mo $1,386.67 None
Minimum wage /yr $16,640 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 Turks and Caicos Islands is higher.

Work Week

Turks and Caicos Islands

40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Standard workweek is 40 hours under the Employment Ordinance.

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 Turks and Caicos Islands

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Frequently Asked Questions

Is the minimum wage higher in Turks and Caicos Islands or Sweden?

In Turks and Caicos Islands, the minimum wage is $8/hr. In Sweden, it is no statutory minimum wage.

How do work hours compare between Turks and Caicos Islands and Sweden?

Both Turks and Caicos 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.