Top 15 African Countries by Average Monthly Salary (Formal Sector)
This data provides a helpful snapshot of regional salary benchmarks and labor market trends
In today’s competitive talent landscape, compensation insights are more important than ever for HR leaders, business executives, and policymakers alike. At Xceed365, we’re committed to equipping African organizations with the data and tools they need to attract, retain, and reward top talent.
That’s why we’ve compiled this visual ranking of Africa’s Top 15 countries by average monthly salary in the formal sector. This data provides a helpful snapshot of regional salary benchmarks and labor market trends for 2023–2024.
🔍 Key Highlights
Morocco tops the list with an average monthly salary of $1,300, followed closely by South Africa ($1,200) and Libya ($1,100).
North African countries dominate the upper half of the list, reflecting their relatively higher formal sector wages.
West African powerhouses like Ghana ($625) and Nigeria ($400) show moderate to lower salary averages, despite their large and growing economies.
The lowest average salary on the list is Angola at $375, emphasizing the diversity of income levels across the continent.
📊 What This Means for African Employers
For HR professionals and employers across the continent, this ranking offers valuable context. Understanding regional salary ranges can inform:
Compensation strategy and benchmarking
Cross-border hiring plans
Remote work policies
Talent retention and reward systems
If you're a medium or large organization operating in Africa, it’s essential to align your HR strategy with competitive data. At Xceed365, we offer enterprise-grade HR and payroll software built specifically for African markets, particularly in Nigeria, Ghana, Kenya, Ethiopia, Uganda, and more.
💬 Join the Conversation
How does your country compare? Are you seeing these figures reflected in your organization’s payroll trends?
Let us know in the comments, or connect with us on LinkedIn to keep the conversation going.
About Xceed365
We help African mid-sized and large organizations streamline HR, payroll, performance management, and productivity tracking, so your people can thrive, and your business can scale.
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