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Head of State Annual Salary (USD)

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Highest Paid Government Leaders in the World 2024

Country
Head of State Annual Salary
Saudi Arabia$9.60 Bn
United Arab Emirates$4.61 Bn
Kuwait$165.00 Mn
Eswatini$56.05 Mn
Monaco$52.06 Mn
Norway$33.24 Mn
Sweden$15.75 Mn
Luxembourg$12.33 Mn
Denmark$11.35 Mn
Oman$7.24 Mn

Singapore is the country with the highest-paid government leader in the world, Lee Hsien Loong. The Prime Minister of Singapore is the highest-paid government servant in the world. He receives a salary of approximately US$1.6 million.

The US$1.6 million remuneration for the prime minister was arrived at by the Salary Review Committee of 2011. Lee Hsien Loong selected the committee to assess and adjust the salaries of the political appointment holders, members of parliament, the president, and the prime minister after every five years.

He aimed at achieving a salary that would encourage the government leaders to be more productive while avoiding corruption.

Before the review, the salaries for the ministers were based on their grades (MR4, MR3, MR2 or MR1), in the government, with MR4 being the lowest grade.

The annual remuneration for each minister comprised the fixed and variable components.

The fixed components included

  • A 12 months salary
  • A non-pensionable allowance equivalent to one month's salary
  • A special allowance equal to one month's salary
  • A public leadership allowance, equivalent to two months' salary

The variable components included

  • Performance bonus
  • Gross Domestic Product (GDP) bonus
  • Variable Component of up to one and half month's salary based on singapore economic performance

The GDP bonus was based on the GDP growth while the prime minister determined the performance bonus for each minister. It could go up to 14 months' salary.

With the above components, the grand annual salary paid to the MR4 minister was $1,583,900, while an MR1 minister received $2,368,500. On the other hand, the annual salary for the prime minister was assumed to be a fixed ratio of the MR4 pay, and it stood at $3,072,200 in 2010.

The 2011 salary review report suggested that the MR4 minister's salary be benchmarked with the median income of the top 1000 wage-earning Singaporeans.

The other recommendations of the salary review report included:

  • Abolition of the special allowance and the public service leadership allowance
  • Capping the performance bonuses to six months' salary equivalent
  • Introducing a national bonus to replace the GDP bonus (national bonus was to be based on the growth rate in the real median income, the real GDP growth rate, unemployment rate and the incomes of the lowest 20th percentile earners)

The above propositions were meant to slash the MR4 minister's 2010 annual salary by approximately 31%, leaving him close to $1.1million per annum.

The committee further suggested that the prime minister earn a fixed yearly salary twice as much as the MR4 minister. With the new wage, the prime minister was going to earn 28% less than his 2010 salary, translating to approximately US$ 1.6 million.

The committee report was later approved in parliament and by the prime minister’s office, and it was fully implemented in Singapore. Though the salary review is carried out every five years, the prime minister's annual salary has remained untouched since 2011.

Today, Singapore tops the countries with the highest paid government leaders in the world. The high salary is not only reflected in Lee Hsien Loong but also in its other government leaders. According to sources, the high remuneration incentivises recruitment of talented government leaders to boost their productivity and reduce corruption.

  • Listed salaries have been converted from their local currency to USD using the International Monetary Fund's 2019 exchange rate
  • Countries whose head of state is a monarch often do not indicate an annual salary
  • In some countries, including Angola, Mexico, and the United States, the head of state and the head of government are the same person

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Country
Head of State Annual Salary (USD)
Head of State Title
Head of Government Annual Salary (USD)
Head of Government Title
Saudi Arabia$9.60 BnKing$132,400Ministers
United Arab Emirates$4.61 BnPresident$261,400Prime Minister
Kuwait$165.00 MnEmirPrime Minister
Eswatini$56.05 MnKing$51,600Prime Minister
Monaco$52.06 MnPrince$202,000Minister of State
Norway$33.24 MnKing$210,714Prime Minister
Sweden$15.75 MnKing$244,615Prime Minister
Luxembourg$12.33 MnGrand Duke$278,000Prime Minister
Denmark$11.35 MnQueen$249,774Prime Minister
Oman$7.24 MnSultan
Netherlands$6.08 MnKing$193,844Prime Minister
Japan$3.08 MnEmperor$316,521Prime Minister
Tonga$2.13 MnKing$41,504Prime Minister
Singapore$1.44 MnPresident$1.61 MnPrime Minister
Jordan$847,457King$253,800Prime Minister
Iraq$809,673President$96,000Prime Minister
Cameroon$620,676PresidentPresident
Syria$576,000$18,285Prime Minister
Hong Kong$568,400Chief Executive$568,400Chief Executive
Switzerland$507,000President$495,000Federal Council
Morocco$488,604King$62,500Prime Minister
Ireland$401,000President$237,000Taoiseach
United States$400,000President$400,000President
Austria$378,666President$338,094Chancellor
Australia$354,000Governor-General$392,811Prime Minister
Iceland$317,000President$242,619Prime Minister
Spain$304,055King$97,926Prime Minister
Mauritania$300,000President
Canada$290,000Governor-General$297,000Prime Minister
Italy$275,147President$131,608Prime Minister
Germany$268,448President$369,727Chancellor
Malaysia$263,500Yang di-Pertuan Agong$61,844Prime Minister
New Zealand$260,245Governor-General$325,546Prime Minister
South Africa$223,500President$223,500President
South Korea$211,320President$211,320President
Turkey$197,400President$197,400President
Chile$196,000President$196,000President
France$194,300President$220,500Prime Minister
Kenya$192,200President$173,300Deputy President
Uganda$183,216President
Taiwan$180,000President$121,500Premier
Guatemala$178,680President$178,680President
Israel$173,000President$182,236Prime Minister
Greece$154,739President$82,405Prime Minister
Equatorial Guinea$152,680President
Lebanon$150,000President$141,900Prime Minister
Czech Republic$149,516President$120,702Prime Minister
Zimbabwe$146,590President$146,590President
Finland$141,367President$163,906Prime Minister
Uruguay$139,608President$139,608President
Russia$136,000President$105,000Prime Minister
Colombia$134,676President$134,676President
Suriname$133,560President$116,870Vice President
Slovakia$129,284President$70,973Prime Minister
Hungary$127,186President$115,206Prime Minister
Somalia$120,000President
Dominican Republic$120,000President$120,000President
Palestine$120,000President$48,000Prime Minister
Comoros$117,060President$117,060President
Barbados$116,024President$106,667Prime Minister
Costa Rica$113,520President$113,520President
Azerbaijan$110,000President$16,984Prime Minister
Republic of the Congo$108,400President
Libya$105,000President
Paraguay$103,044President$103,044President
Brazil$102,524President$102,524President
Ivory Coast$100,000PresidentPresident
Botswana$99,950President$99,950President
Namibia$99,241President$76,339Prime Minister
Portugal$96,469President$72,352Prime Minister
Philippines$95,554President$95,554President
Mauritius$93,783President$187,968Prime Minister
Guyana$91,700President$98,300Prime Minister
Georgia$90,890President$90,890Prime Minister
Cyprus$90,025President$90,025President
Liberia$90,000President$90,000President
Palau$90,000President$90,000Prime Minister
Lithuania$86,136President$50,100Prime Minister
Rwanda$85,000President
India$84,500President$66,000Prime Minister
Panama$84,000President$84,000President
San Marino$83,682Both Captains Regent$83,682Both Captains Regent
Samoa$82,000Head of State$78,000Prime Minister
Slovenia$80,142President$87,818Prime Minister
Bulgaria$79,000President$50,000Prime Minister
Mali$77,768President$77,768Prime Minister
Ghana$76,000President$76,000President
Ecuador$75,132President$75,132President
Estonia$74,595President$74,595Prime Minister
Nauru$74,411President$74,411President
Malawi$74,300President$74,300President
Malta$70,955President$56,900Prime Minister
Latvia$70,718President$59,644Prime Minister
Egypt$70,400President
Jamaica$70,400Governor-General$57,545Prime Minister
Poland$70,026President$57,772Prime Minister
Algeria$70,000President$50,000Prime Minister
Nigeria$69,000President$69,000President
Mexico$67,903President$67,903President
Pakistan$65,794President$13,553Prime Minister
Gambia$65,000President$65,000President
Gabon$65,000President
Zambia$63,100President$43,800Vice President
Fiji$62,784President$113,495Prime Minister
El Salvador$62,172President$62,172President
Romania$61,296President$61,296Prime Minister
South Sudan$60,000President$60,000President
Marshall Islands$60,000President$60,000President
Peru$56,530President$51,537Prime Minister
Papua New Guinea$56,249Governor-General$107,532Prime Minister
Grenada$55,014Governor-General$29,859Prime Minister
Trinidad and Tobago$54,600President$85,600Prime Minister
Lesotho$52,778King$36,650Prime Minister
Argentina$51,840President$51,840President
Indonesia$51,600President$51,600President
DR Congo$51,500President$51,500
Saint Kitts and Nevis$51,000Governor-General$50,844Prime Minister
Honduras$49,908President$49,908President
Venezuela$48,816President$48,816President
Tanzania$47,300President$45,000Prime Minister
Burundi$47,300President$47,300President
Mozambique$46,800President
Ethiopia$45,270President$3,600Prime Minister
Saint Vincent and the Grenadines$45,042Governor-General$55,724Prime Minister
Croatia$44,375President$39,422Prime Minister
Bosnia and Herzegovina$42,650Presidency
Central African Republic$42,524President
Myanmar$40,980President$32,784Vice President
Antigua and Barbuda$40,233Governor-General$56,000Prime Minister
Bolivia$39,924President$39,924President
Nicaragua$38,316President$38,316President
Bahamas$37,000Governor-General$86,000Prime Minister
Saint Lucia$36,111Governor-General$50,685Prime Minister
Afghanistan$36,030Leader$31,230Prime Minister
Qatar$36,000Emir
Burkina Faso$33,810President$17,477Prime Minister
Dominica$33,671President$21,666Prime Minister
Belarus$33,600President
Montenegro$33,440President$15,522Prime Minister
Armenia$32,970President$29,720Prime Minister
Vanuatu$32,295President$32,295Prime Minister
Micronesia$32,000President$30,000Vice President
Timor Leste$30,000President$27,000Prime Minister
Benin$29,810President
Sudan$29,320President
Albania$28,074President$249,896Prime Minister
Belize$26,241Governor-General$45,500Prime Minister
Seychelles$23,700President$21,800Vice President
Guinea$22,390President
China$22,000Party General Secretary and President$22,000Premier
Angola$21,054President$21,054President
Kazakhstan$20,400President$2,630Prime Minister
Cape Verde$20,380President
Kyrgyzstan$18,800President$12,800Prime Minister
Nepal$17,854President$9,033Prime Minister
Tuvalu$17,660Governor-General$19,808Prime Minister
North Macedonia$17,250President$15,600Prime Minister
Bangladesh$17,100President$16,400Prime Minister
Tunisia$16,700President$33,355Prime Minister
Chad$16,640President$16,640President
Solomon Islands$16,640Governor-General$18,181Prime Minister
Uzbekistan$15,600President
Yemen$15,300President$12,040Prime Minister
Senegal$15,210President
Serbia$14,950President$13,736Prime Minister
Tajikistan$13,200President
Sierra Leone$12,220President
Mongolia$11,620President$11,390Prime Minister
Ukraine$11,600President$3,840Prime Minister
Kiribati$11,158President$11,158President
Turkmenistan$10,800President$10,800President
Djibouti$10,000President$10,000
Moldova$9,264President$6,433Prime Minister
Vietnam$8,320President$8,000Prime Minister
Sri Lanka$7,380President$5,600Prime Minister
Guinea Bissau$6,360President
Eritrea$6,000President$6,000President
Haiti$3,782President
Sao Tome and Principe$2,930President$2,100Prime Minister
Laos$1,630Party General Secretary and President
IranSupreme Leader$20,400President
ThailandKing$46,000Prime Minister
United Kingdom$198,317Prime Minister
NigerPresidentPrime Minister
North KoreaParty General Secretary and President of State AffairsPremier
CambodiaKing$30,000Prime Minister
BelgiumMonarch$238,154Prime Minister
TogoPresident
BahrainMonarch$20,000Prime Minister
BhutanDruk Gyalpo$37,365Prime Minister
BruneiMonarchMonarch
AndorraMonarch$73,603Prime Minister
LiechtensteinPrince$254,660Prime Minister
showing: 193 rows

Who is the highest paid leader in the world?

Lee Hsien Loong of Singapore has the most lucrative compensation package of any national leader, with a salary of $1.6 million (USD) and several bonuses.

Frequently Asked Questions

Sources