Doctors are some of the best-paid professionals across the countries of the world. If you consider working as a physician abroad, this list can help you get more information about salaries for doctors in some high-paying developed countries. Doctors may not have chosen medicine for purely financial reasons, but earning a decent salary can help to give you (and your family) a good quality of life. Here, we take a closer look at the top 10 highest-paying countries in the world for doctors in 2023.
Given the expensive cost of education and years of practice, it is only fair for them to earn a competent amount. Some countries offer free access to healthcare services to people and the medical staff salary is funded by the tax that people pay to the government. Others may offer a mixed system, both people and insurance companies pay the doctors for their healthcare services.
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Countries with the Highest Salaries for Doctors 2023
Germany tops the list of the most lucrative destinations for doctors in the world. A general physician in Germany may earn about 7000 EUR on average per month, while it may exceed 10000 EUR depending on the working time or the place like clinics or hospitals. Specialist doctors earn around 16000 EUR per month; and of course, surgeons earn a great deal money more than other specialists. In addition, Germany boasts an efficient healthcare system for all systems, as well as a very comfortable working atmosphere for all medical staff, especially physicians.
Luxembourg is a small country in western Europe with a population of around 632000. The country’s salary system is totally just and high in comparison to other European countries. It is the country that pays the highest salaries in the world. General physicians in Luxembourg earn around $278, 000 dollars per year and specialists earn around $352, 000 dollars annually. Despite the high tax rate in Luxembourg, welfare and public services are equally distributed to all people. Luxembourg provides high-quality healthcare standards for all citizens, which are funded by the government or state. Luxembourg’s social security system offers public health insurance that covers all people, this system is funded by taxes that people pay.
3. The United States of America
The United States of America offers some of the best remunerations for doctors than most other countries of the world. The country boasts a distinctive, cutting-edge, and effective healthcare system that offers patients high-quality care.
Due to the relatively high cost of healthcare in the USA, insurance companies often pay the majority of the costs associated with receiving medical care. In the USA, a routine visit to the general practitioner ranges from $100 to $200 depending on the state. It costs more than $250 for specialists. The average salary for a primary care physician is $223,000 per year while that of a medical expert is $329,000 per year.
Switzerland is one of the countries with the highest salaries for doctors. Due to its high cost of living and ranking among the most expensive nations in the world, its people and professionals all make the highest salaries. Doctors in Switzerland earn much higher salaries than those in other European nations, making Switzerland rank as one of the most profitable countries for doctors. General practitioners make around $116,000 a year, while medical specialists earn an amazing $130,000 annually. Switzerland provides a desirable working atmosphere for all medical staff, especially physicians.
Canada is one of the healthiest countries in the world. The medical system is managed and funded by each state. Each state has its own insurance plan to cover the medical expenses of patients. Canada is facing a doctor shortage due to migration to the United States. Nevertheless, compared to other countries, Canada pays its physicians more. In Canada, the salary of a doctor depends on the province you live in and your specialization. General practitioners earn around $107,00 per year, while specialists make about $161,000 annually.
The Netherlands is one of the highest-paying countries for doctors in the world. It also has one of the best healthcare systems in the world. The working circumstances for doctors are excellent, with shorter workdays and more vacation time. In reality, no one is permitted to work more than 60 hours per week in the Netherlands, regardless of their occupation. The Netherlands has the finest healthcare system in Europe, according to the Euro Health Consumer Index (EHCI). So not only could you be enjoying lucrative financial benefits, but professional ones, too. Each household in the country has its own doctor.
The average salary for a general practitioner is $112,500, while specialists of all types are looking at a potential take-home of $171,900.
The “island continent” is a favourite destination for doctors planning to work overseas. The reason is simple: Australia pays its doctors well. Because of this, healthcare professionals are migrating from Europe to Australia for higher salaries. There are many reasons to work in Australia, including excellent working conditions and a strong human resource support system.
The average salary for doctors in Australia is $156,000 per year and entry-level positions start at $129,188 per year. The most experienced doctors can expect to earn up to $247,000 annually. Doctors in the country work fewer hours than in the UK—usually between 35 and 38 hours a week.
8. United Kingdom
The UK has a functioning healthcare system despite having one of the world’s most severe healthcare personnel shortages. It is considered one of the highest-paying countries for doctors in the world. On average, specialists earn $174,068 a year, compared to $85,250 for general practitioners. There is a pleasant working environment with a reasonable workload, and doctors might opt to spend additional hours in private practice because of flexible hours.
9. Republic of Ireland
Ireland typically ranks favorably among the nations with the highest salaries for both specialists and general practitioners. In Ireland, a doctor’s yearly pay ranges from $90,000 to $101,122 on average. The average income for a specialist is $186,900, especially in bigger cities like Dublin and Cork. Clearly, the stress, effort, and study required to become a doctor in Ireland are worthwhile.
10. New Zealand
New Zealand completes our list of the highest-paying countries for doctors and is a popular immigration destination for English-speaking doctors. About 42.60 percent of its doctors are foreign-trained. Currently, estimates show that specialists can expect to receive an average of $228,000 yearly, although there are no available figures for averages. In addition, it provides one of the best working conditions in the world. New Zealand operates a private and public healthcare system with decent pay.