Economists’ median salary falls below $30,000 a year
Annual budget of economics departments averages under $1 million
Junior-to-mid-level economists at central banks earn a median annual salary under $30,000, data from the Economics Benchmarks 2024 find.
Across 23 jurisdictions, the median salary for economists below director levels is $29,353 a year. The figure is lower when compared with the median value of $33,297 a year reported in the 2023 benchmark, albeit in a different sample of central banks.
A lower-middle income respondent from the Asia-Pacific region pays the lowest ($9,635) figure. By contrast, a
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