15 countries with the cheapest labor

Some states offer very low-wage labor. However, a small salary is a big plus for your company. Which country is best suited to conduct business there?

Madagascar - $ 490

Some people watch the cartoon "Madagascar", its sequels and spin-offs and think that this is a fictional place. However, Madagascar is a real island nation in Africa, and this is one of the most unique places on Earth. It is believed that Madagascar broke away from Africa and India and was isolated more than 70 million years, which explains why 90 percent of the flora and fauna that can be found on these islands can not be found elsewhere. Madagascar is an attractive tourist destination and an excellent country. And if you want to start your own business, then you should go here, since the minimum wage here is $ 0.23 per hour, that is, $ 490 per year.

Ghana - 488 dollars

Ghana is a country that has an average income level and plans to join the club of developed countries in the coming years. 50 percent of GDP falls to the service industry, and to the share of production - 24 percent. Another five percent fall to the extractive industry, and the rest of the GDP is derived from taxes. The cheapest labor that you can find in Ghana will cost you about $ 0.23 per hour, that is, about $ 488 per year.

Tajikistan - 487 dollars

Incredible beauty, historical cities, amazing culture and amazing luxury of accommodation make this country a great place not only for tourism, but also for doing business. The labor force in this country is cheap, the minimum level is $ 0.23 per hour, that is, about $ 487 per year. Many Tajiks work in Russia and send their earnings to their relatives and relatives. This money for a long period of time accounted for about half of the country's GDP.

Democratic Republic of the Congo - 472 dollars

The Democratic Republic of the Congo, at first glance, does not look like a place where one should direct its investments. An exception may be entrepreneurs in the extractive industry who will be able to make money, despite the problems that this country is facing now. The minimum amount of money that can be earned per hour in this country is only $ 0.2, which in the end is about $ 472 a year. This level of costs is ideally suited to found a mining company that will generate significant revenues.

Liberia - $ 435

Liberia is the closest friend of the United States of America to the African continent, and it is a country with one of the fastest growing economies in the world. There have always been serious problems with corruption, so now the cost of doing business here is relatively small. The people of Liberia, who have the lowest salary, earn $ 0.17 per hour, which is $ 435 a year. This is an incredibly low figure, especially if we compare the country with the United States and other leading states.

Malawi - 412 dollars

As with many developing countries, Malawi's economy largely depends on donor support, that is, whether the International Monetary Fund and other countries will save the state from bankruptcy. However, in terms of investment, Malawi is one of the most reliable options in all of Africa. The minimum wage in Malawi is $ 0.17 per hour, that is, the annual minimum is $ 412. This number is not enough even for workers from this country, but the cost of living here is much lower than in developed countries.

Guinea-Bissau - $ 372

Guinea-Bissau has one of the lowest GDP per capita among all countries, and approximately two-thirds of the total population of the country is in extreme poverty. Agriculture is the main engine of the economy: fish and nuts such as peanuts and cashews make up the bulk of exports. Poverty in the country contributes to a low level of wages: at the hour a person earns at least $ 0.17, which turns into $ 30 a month, in addition to what is usually given also a bag of rice.

Venezuela - 361 dollars

Venezuela owns the largest oil reserve in the world, and this is one of the main reasons why locals can fill the tank of the car, paying a small change. To date, the main enemy of Venezuela is inflation, and it is this that causes many people here to live in poverty. And although a country with such oil reserves should be in the forefront of the First World countries, Venezuela is in a depressing state. The minimum wage here is $ 0.17 per hour, that is, about $ 361 per year.

Gambia - 317 dollars

About a third of the population of the Gambia lives below the poverty line, and this is a frightening indicator for any country. The economy is more dependent on farming, tourism and fishing, most of these people are involved in these sectors. The minimum wage here is $ 0.13 per hour, which gives $ 317 a year.

Tanzania - 240 dollars

Tanzania is a developing country, so here you can not find the infrastructure that is characteristic of developed countries, so business conditions may not seem the best. However, the cost of living in Tanzania is very low, despite the fact that a large part of the population lives in poverty. The minimum wage in Tanzania is $ 0.1 per hour, so you can count on the fact that you will pay about twenty dollars per month to the lowest paid employee.

Bangladesh - $ 228

The low cost of labor makes this country ideal for starting a business, since the minimum wage in most industries is only $ 0.09. The lowest-paid employee in the economic sector will receive about 19 dollars a month, although in the textile sector, for example, salaries rise to $ 68 per month. The National Council for Minimum Wages redefines these figures every five years.

Kyrgyzstan - 181 dollars

Kyrgyzstan may not be the most pleasant place to do business, if you do not like rocky terrain, cold throughout the year and the language barrier. However, everything else is just fine here, and the best factor is the cost of labor. How much money will your company save if you pay employees $ 0.09 per hour? The smallest amount that you can pay an employee for a month is $ 14, and for a year - $ 181.

Cuba - $ 108

Although the US government does not like it when local citizens visit this island state, doing business here will cost a mere pittance, especially if in other countries you would have to pay impressive amounts for salaries. Can you imagine an hourly rate of $ 0.05, which gives only $ 9 a month? The minimum wage in Cuba is much lower than in neighboring countries, but you should consider other factors before moving your business to Cuba.

Georgia - $ 96

Doing business in Georgia is a great idea, since the level of salaries is extremely low. In the private sector, the minimum monthly salary is $ 8, that is, $ 0.05 per hour. However, the government here is a much better employer, since it offers a minimum monthly salary of $ 48, which is six times more than in the private sector. There is information that the hourly rate has risen to $ 0.24, but, one way or another, this country still remains one of the most favorable for doing business.

Uganda - $ 22

Labor in Uganda - the cheapest in the world, the minimum hourly rate is only 0.01 dollars. In a month the salary turns out 1,7 dollars, and in a year - 22 dollars. This is incredibly small compared to large countries, such as the United States. So if you thought that China is the cheapest labor, think again. However, the cost of living in this country is extremely low, so if you stay here for a day, then spend a few times less than if you lived one day in your home country.