Bloom store in Accokeek, Maryland. Bloom was a chain of mid-grade North American grocery stores operated by Food Lion, originally established in 2004. The parent company of Food Lion, The Delhaize Group, announced in January 2012 that it was discontinuing the Bloom brand.
That gives you the answer-the world's average salary is $1,480 (Â£928) a month, which is just less than $18,000 (Â£11,291) a year. But these dollars are not normal US dollars. The economists use specially adjusted exchange rates-the average salary is calculated in Purchasing Power Parity (PPP) dollars.
This is a very helpful breakdown with the average salary in the Philippines being $11,959.56 per year. The median salary in the Philippines is about $7,660.8 per year. This seems a bit high compared to the earlier calculations. The best thing to do is to compare similar wages on sites country-by-country.