Economist salaries outpace GDP per capita
Salaries were six times higher than GDP per capita, on average
Central banks tend to pay their economists considerably more than the level of GDP per capita in their country.
Fifteen central banks provided data on the salaries of their economists, for those below director level. These ranged from $21,683 to $120,000. The median was $40,600.
Respondents were fairly evenly spread between Africa, the Americas and Europe (27% each), and 20% in the Asia-Pacific region. Percentages do not add up to 100 due to rounding.
The median salary was highest in the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Economics
Central banks adapt forecasts with financial sector and other changes
Host of changes to modelling incorporate financial channels, nuanced expectations and more
Inflation forecast errors moderate after surge in 2022
But growth forecast errors are higher in 2023, data shows
High income central banks allocate most time to research
Research economists are more numerous and are allotted more research time in high income jurisdictions
Administrative data tops list as alternative data source
Research and forecasting remain key areas of application for central bank economists
Economists’ rate of access to centralised data services still below par
Central banks in high-income jurisdictions still have more access
Most heads of research are responsible for sign-off on research
Peer-reviewed papers remain most-used metric for measuring research success
Central banks average 11 working papers over the past year
Just over a quarter of central banks run research blogs
Central banks prioritise inflation dynamics research
Middle income institutions tend to have much widest research interests