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Expectations of an increase in salaries in Saudi Arabia in 2023…and revealing its value • Al Marsad Newspaper

Al-Marsad newspaper: A global survey conducted by the “ECA’s” economic agency indicated that Asian countries, including Saudi Arabia, China and India are among the top ten countries in which salaries are expected to rise next year 2023.

The survey showed that the salary increase in Saudi Arabia may reach 2.3% next year.

The survey pointed out that Europe is likely to be the most affected region, with real salaries declining by 1.5%, while in the United States of America, the decline in the real value of salaries is up to 4.5% during the current year, and wages are expected to increase by 1% in value. real.

According to the agency, the list of the top ten countries and the real expected increases in salaries in 2023: are

1. India – 4.6% increase

2. Vietnam – 4% increase

3. China – 3.8% increase

4. Brazil – 3.4% increase

5- Saudi Arabia – 2.3% increase

6. Malaysia – 2.2% increase

7. Cambodia – 2.2% increase

8. Thailand – 2.2% increase

9. Oman – 2% increase

10. Russia – 1.9% increase

Countries where salaries are expected to fall in 2023

1. Argentina – 26.1% decrease

2. Sri Lanka – 20.5% decrease

3- Turkey – 14.4% decrease

4. Ghana – down 11.9%

5- Pakistan – 9.9% decrease

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