Minimum wage around the world 2024.

Minimum wage around the world 2024 8, local media have reported citing sources. The current minimum wage in Turkey is TRY22,104. There’s no official government-mandated minimum, but this is the minimum you should expect for working a full time job here. You need to enable JavaScript to run this app. org primarily covers the minimum wage in the United States. For many countries, the minimum wage is set at around half the median wage . politics, this post looks at how other nations around the world address this perennially contentious issue. The total minimum wage includes allowances like Transport Allowance, Lunch Allowance and Housing Allowance. Feb 21, 2024 · The Lowest Legally Mandated Minimum Wage in the World. The Philippines ranks 5th globally, with a minimum wage of 128 USD per month. 25) for workers aged over 25. Adequate adjustment of minimum wages could be an effective tool, given that 90% of ILO Member States have minimum wage systems in place. Minimum Wage around the World. Other cantons have different minimum wages, for example, 3,822 CHF in the canton of Basel-City or 3,780 CHF in Jan 16, 2024 · We checked which countries have the most favourable ratio of basic grocery prices to minimum wage around the world. The WageIndicator Minimum Wages Database contains the minimum wages for the 80 countries around the world. Ethiopia's minimum wage was Minimum-Wage. 91. Mar 1, 2025 · Minimum wage with effect from May 1, 2024; Minimum wage with effect from January 1, 2024; Minimum wage with effect from July 1, 2023; Minimum wage with effect from January 1, 2023; Minimum wage with effect from January 1, 2022; Minimum wage with effect from April 1, 2019; Archive before 2019. In my state the minimum wage is 14. Japan. Pakistan’s monthly minimum wage is US$115 (PKR 32,000). Sudan. The federal government’s tipped minimum wage is 2. The US, where the federal minimum wage is $7. 02) per month. ) and other independent countries. Mar 15, 2023 · To see how the minimum wage differs around the world, we’ve visualized data from Picodi, which includes values for 67 countries as of January 2023. The first time a Dec 29, 2024 · As we approach the end of 2024, the debate around minimum wage continues to be a hot topic. The minimum wage is determined at the national level. In the Labour Act 651, every worker is entitled to be paid his or her remuneration for public holidays. Individuals over 21 are entitled to a minimum of AU$23. WageIndicator provides minimum wage updates through checking relevant websites of Ministries of Labour and Wage Boards worldwide. For example, where I live it’s close to $3,450. Australia and Luxembourg lead the group with wages over $9 an hour each, and Latvia and Mexico are at the bottom with wages under $2. However, the good news is that there are still opportunities in the job market. There is no statutory minimum wage in Austria as such since minimum wage is set by the collective agreements. However, owing to the effect of acceler-ating price inflation, minimum wages have de-creased in real terms in various countries – even when measured against the average CPI. Nike's global revenue 2005-2024; we take a look at how the federal minimum wage compares to other countries around Jan 16, 2024 · We checked which countries have the most favourable ratio of basic grocery prices to minimum wage around the world. Jan 29, 2025 · Minimum wages have increased across the European Union for 2025, with most countries implementing substantial hikes that outpace inflation. Additionally, certain industries, particularly in the tech and startup sectors, may offer salaries significantly higher than the Portuguese average. Apr 15, 2024 · The Global Wage Report examines the evolution of real wages around the world, giving a unique picture of wage trends globally, by region and at country level. 42 per hour to R27. 00 AUD/week by the end of 2024, according to Trading Economics global macro models and analysts expectations. 59) in industry, commerce, and services. World affairs; Full Ethiopia has no national minimum wage. May 26, 2023 · The minimum wage in Burundi is BIF2,520 ($1. around the world, supporting humanitarian response organizations . 70 per hour, but how does that compare to other countries around the world? This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Minimum Wages. New Zealand. In Malaysia, minimum wage refers to lowest gross wage per month and it does not apply to apprentices and domestic servants. Jul 22, 2024 · The general minimum wage is BDT 1,500 per month, (roughly EUR 12. Jan 8, 2025 · Minimum Wage Around the World and Which Countries Increased It in 2024 by Irma Wallace | Jan 8, 2025 | Career Infographics A new study from Madison Trust Company shows the countries with the highest minimum wages and the most considerable minimum wage increases in recent years. Minimum Wages. 78 per hour. 80 3. 93 (US$14. The first blog, Data for reforms: Leveraging the B-READY 2024 report for enhanced business environments, offered guidance on how to effectively navigate and leverage B-READY data to enhance business environments; the second blog, Data-driven Jan 15, 2025 · An employee can consult a labour inspector if he/she is paid less than the required minimum wage, and if unsatisfied, he or she can be referred to MIFOTRA. 6 7. This is a list of the official minimum wage rates of the 193 United Nations member states and former members of the United Nations, also including the following territories and states with limited recognition (Northern Cyprus, Kosovo, etc. Minimum Wage Increase As of January 1 of the 2024, the lives of 20. 52), although different sectors may have varying minimum wage rates. Feb 1, 2024 · Minimum Wages around the World (English) Minimum Wages News; Minimum Wage and Labour Law; 2024; Minimum wage with effect from January 1, 2021; Furthermore, this graph sucks because many states, counties, and cities have raised their minimum wage. Over the years, the report also provided an in-depth analysis of various wage-related issues, covering topics such as wage inequality, the gender pay gap, and minimum wage systems. Japan’s minimum wage varies according to the different provinces. Feb 19, 2025 · Minimum Wage. 00 per hour. As of 2024, the minimum wage is R$1,320 per month, which works out to approximately R$44 per day and R$5. At the time the Minimum Wage Act came into force, the economy was growing massively and the minimum wage was set at 30 percent below the real workers’ pay. 14 per hour. , where the minimum wage is $17. Several other states also have minimum wage rates significantly higher than the federal standard. 25 translates to an annual figure of just $15,080 before taxes. Tipped workers also usually have a lower minimum wage in the states too. This table provides a summary comparision of international minimum wage rates with a calculated yearly minimum wage rate for each country in International Dollars, a measure of currency based on the United States dollar in 2009. Uzbekistan. In America, several states , such as Massachusetts, California, and New York, have increased their minimum wages to nearly double the federal minimum. Minimum Wages around the World; News about Minimum Wages; Minimum Wage and Labour Law; Minimum Wage Regulations; About the Minimum Wages Database Mar 29, 2025 · Generally, the minimum wage of a country is expected to be the lowest wage a labourer can earn while working in the nation. This number is a floor-level wage – and the wage rate will vary depending on geographical areas and other criteria. 70. In the long-term, the Australia Minimum Weekly Wage is projected to trend around 980. In any region in the world. If you are a business owner, professional labor law and minimum wage law posters are available for free download from LaborPosters. For updated minimum wage rates, please refer to the section on minimum wage. If you want to learn more about minimum wage by country, please refer to the data in the charts. Aug 7, 2024 · Let’s take a look at some of the countries in the world with the highest monthly net wage in 2024, as per Statista. By 2024, these pressures had reached levels governments could no longer ignore, prompting widespread minimum wage adjustments. For example, the UK has also recently introduced a National Living Wage of £7. 25 per hour in 2020 — the 17th highest in the world, but barely half that of the global leader, Australia. Feb 20, 2021 · Note: As of 1 July 2020 the national minimum wage is $19. Minimum Wages in Bangladesh is expected to reach 12500. This page provides values for Minimum Wages reported in several countries part of Asia. Another 44 have between 2 and 100 different Minimum Wages. RECOMMENDATIONS FOR FLA COMPANIES AND SUPPLIERS With the new minimum wage for garment workers established and the need for continuous The rate of minimum wage varies from country to country, and within the U. 25 per hour, or $6. Twenty-two EU member states with statutory minimum wages have announced their new rates, with Spain's decision still pending. It became valid on January 1, 2025. dollars) Global Wage Report 2024-25: Is wage inequality decreasing globally? This latest edition of the ILO flagship report provides a detailed look at wage trends around the world and in different regions, highlighting changes in wage inequality and real wage growth. General minimum wage by territory, as of February 2023. Finally, 19 countries have no Statutory Minimum Wage. Martin Kahanec Apr 11, 2023 · Canada’s minimum wage varies according to the employee’s province. org maintains a database of state tipped minimum wage laws, allowed tip credits, and Each state is allowed to set their own minimum wage, as long as it’s higher than the federal minimum. Tiruppur, Tamil Nadu is an important garment-manufacturing city in India with a long history of tense relations around wages. We expect a smaller change in Mar 21, 2025 · In 2024, in Geneva, the minimum wage is 4,426 CHF gross per month, about 3,750 CHF net (for a 42 hours week). 00 to CLP382,875. 00 to CAD 16. For statistical analysis, the Database is available on a monthly frequency. California’s minimum wage The National Minimum Wage is the minimum hourly rate you can be paid for the work you do, regardless of your job or industry. The monthly minimum wage will thus rise from the Jan 25, 2022 · The current national minimum wage is R21. 80 per week. 69 per hour, and the labour department has called for comment on a new minimum wage target for South Africa in 2022, at around R23 per hour. Oct 3, 2024 · Around 40% of Mexico's workforce are earning minimum wage or under, according to data from the national statistics agency, as informal labor in the country remains prevalent. Mar 26, 2024 · Down under, Australia offers a robust minimum wage. 2024 global minimum wage world map Sep 30, 2024 · Country Minimum Wage in USD Minimum Wage in Local Currency; Bosnia and Herzegovina: 569. Global Wage Report 2024-25: Is wage inequality decreasing globally? This latest edition of the ILO flagship report provides a detailed look at wage trends around the world and in different regions, highlighting changes in wage inequality and real wage growth. Mauritius - $3394. . Under a voluntary flexible work hour plan approved by the Alaska Department of Labor, a 10 hour day, 40 hour workweek may be instituted with premium pay after 10 hours a day. Feb 12, 2024 · Ireland saw an increase in the minimum wage last month, giving people working at the lowest level €12. Today, more than 90 percent of the world’s nations have some kind of minimum wage law in effect. 82 per hour (gross) as of 1 January 2025. Mar 1, 2025 · It is calculated as 4. 24 to P120. As of 2024, the minimum wage ranges from CAD 14. 9. S, from state to state. 16) per day, which works out to INR 5340 (US$65) per month. Martin Kahanec Minimum-Wage. However, employees in Cuba must be provided food for free by their employer. The social partners in Austria (Trade Union Federation & Chambers of Commerce) signed an agreement in 2007 which stipulates that a minimum wage of €1,000 must be implemented in all collective agreements (applicable from January 2009). Which countries offer the highest minimum wage? The top-paying countries with the highest minimum wage rates are: 1. Jan 9, 2025 · Let’s take a look at some of the countries in the world with the highest monthly net wage in 2025, as per Statista. This move aims to solve a crucial problem faced by many: the lack of free and up-to-date regional Living Wage estimates at a global scale. 60) — an amount that reflects the Global Living Wage oalition’s 2022 living wage estimate for Dhaka, Bangladesh. Value labels of the item id in the Cost-of-Living survey 76 9. The minimum wage was was announced in October 2010 and introduced in January 2013 as one of the Government’s policy instruments vide New Economic Model (NEM) to ensure inclusiveness by transforming the economy from a middle-income to a high-income economy by the year 2020. Information is also available about the Canadian Minimum Wage, and Minimum Wages Around the World. Meanwhile, in peso terms, real wages were lower by around P74. 50 per hour. SAI began working with government, employers, and workers in Tiruppur in 2016 to foster collaborative conversation on practical steps to achieve a living wage for the city. Minimum Wages around the World (English) Minimum Wages News; Minimum Wage and Labour Law; Minimum Wage Regulations Feb 19, 2024 · Highest Minimum Wage: As of 2024, the state with the highest minimum wage rate is Washington, D. This work looks at the top countries in the world with the highest minimum wages payable. The 2020-21 edition analyses the relationship of minimum wages and inequality, as well as the wage impacts of the COVID-19 crisis. like World Central Kitchen in its efforts to feed communities in need. Minimum Wages in Egypt with effect from 01-01-2014 of the highest minimum wages in the world. 71) per month. 00 per month. 91). Dec 26, 2024 · Effective April 1, 2024, Greece implemented updated minimum wage and statutory hourly minimum wage for all employees and skilled workers: White-collar workers: EUR 830/month . 67 per month in 2025. org. 5%) of workers make the federal minimum wage but it's likely far less because a large chunk of those workers likely make most of their money through tips and tips/commissions are no included. In 2024, the national minimum wage This chart shows the real hourly minimum wage in selected OECD countries. 65. They should do average minimum wage for all countries (this would be a weighted minimum wage based on where people actually live). Value label of the unit id in the Cost-of-Living data set 78 Mar 15, 2025 · The National Minimum Wage Act further clarifies that an agreement for the payment of wages less than the national minimum wage is void and of no effect. Premium Pay After Designated Hours 1 : Daily - 8, Weekly - 40 . 07/day. This equates to $915. 1) Luxembourg (Minimum monthly wage: $2,459) Finance remains the largest Oct 18, 2024 · The minimum wage for non-tipped workers in the United States remains $7. Minimum Wages Forecast 2025/2026 - was last updated on Thursday, May 22, 2025. HERE: UAE United Arab Emirates does not have a minimum wage: Saudi Arabia Saudi Arabia’s yearly minimum wage is $7,585. Blue-collar workers: EUR 37. Amsterdam, May 1st 2024 - On May 1st 2024, WageIndicator Foundation is publishing its Living Wage estimates for 165+ countries on national WageIndicator websites, making Living Wage data available to all. Coming in second is Australia with a minimum wage of $12. Since then, the minimum wage in Rwanda has been RwF 100. Disclaimer: Minimum-Wage. FRED: Download, graph, and track economic data. Living Wages are delivered in context wth Minimum Wages, Labour Law and Adequate Wages. People work very long hours and often there is no overtime meaning the hourly wage can be as low as under 20 cents. However, Portugal remains popular for those looking for an easier EU country to move to. This analysis presents the minimum wage by country in USD per month, highlighting the countries with the highest and lowest wages. 78: Bulgaria: 534: BGN 1,077: Chile: 555. 20 ($10. However, it’s worth noting that civil servants receive the comparatively much higher monthly wage of SDG3,000 ($5. Story This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Minimum Wages. 06 per year (52 weeks). Jan 8, 2025 | Career Infographics. The newly approved increase will push the hourly minimum wage from MAD 15. The minimum hourly pay rate is set at PLN 27. However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. Student Organising Body of the International Conference 2024; 2019-2020; 2020-2021; 2021-2022; Minimum Wages around the Feb 12, 2025 · From April 2024 the minimum wage is: Jobs paid around the minimum wage are concentrated within a small number of low-paying occupations. India. May 7, 2024 · In 25 states as well as 60 cities and counties, the minimum wage floor has or will increase by the time 2024 comes to a close, with over half of those jurisdictions hitting a $15 minimum. 90 hourly for workers over 16. 40. In the long-term, the Bangladesh Minimum Wages is projected to trend around 12500. Ireland ranked in the top 4 in minimum wage by country comparison. Jan 7, 2025 · The minimum take-home salary in Sweden is around 17,800 SEK/month (€1,550). 75% (55% * 1. 10 per hour or A$915. 66/2018) For updated minimum wage rates, please refer to the section on minimum wage. Jan 1, 2025 · Minimum Wage in Turkey - 2025 May. basket” at the beginning of 2024 is SAR 459. relations commission and is currently one of the highest in the world. India offers the most competitive labor costs in Asia, with the national-level minimum wage at around INR 178 (US$2. 4. (paid up to 5 pence above their respective minimum wage rates) in 2024. Release Table for 2025, Release Tables: Federal and State Minimum Wage Rates, Annual. This equals a minimum hourly wage of EUR 5. July 2024: Franziska Koenig: Accenture Guarantees a Living Wage; June 2024: SOS Children's Villages works on Living Wages for 137 countries; May 2024: AP2, Swedish Pension Fund: Why every investor should think about the Living Wage; April 2024: Living Wages are the Tipping Point for Attaining a Decent Life, says Prof. 00 PHP/day in 1989. A new study from Madison Trust Company shows the countries with the highest minimum wages and the most considerable minimum wage increases in recent years. Click any state for details about the minimum wage, exemptions, and other state labor laws. Nevertheless, the collective agreement may provide for a higher minimum wage. 35 and there’s a city with a minimum wage of 17. C. Minimum Wages in Australia is expected to reach 940. These agreements, governed by the National Labor Law, are negotiated between trade unions and employer associations and cover various sectors. Update the minimum wage counteracts the inflation and is a good indicator of the standard of living in a country, like the average wage, GPD per capita and the HDI. Ukraine: Ukraine’s monthly minimum wage is US$177 (UAH 6,700). basket” at the beginning of 2024 is RM 437. 2 The Government has asked us to help inform its next steps for National Minimum Wage (NMW) policy, which includes the NLW and the lower rates for younger workers and apprentices. 60 2. 90 per week (for a standard 38 hours work week) and $47,627. But that’s the official minimum. Of these 80 countries, 32 have one Minimum Wage. 90 PHP/day from 1989 until 2025, reaching an all time high of 645. Astoundingly, this is set at $9 USD per month. Canada’s minimum wage laws vary between provinces and territories, with no federal minimum wage law. org is a Jan 16, 2024 · We checked which countries have the most favourable ratio of basic grocery prices to minimum wage around the world. May 7, 2025 · The Minimum Wage Directive has influenced the way increases were made in several countries. Jul 24, 2024 · The federal minimum wage has been stuck at $7. Martin Kahanec 5 days ago · Topping the list is Luxembourg, where the legal minimum wage stands at a highly impressive $13. Dec 9, 2024 · Nigeria’s minimum wage is one of the lowest in the world, at US$42 (NGN 70,000) per month. 67 and USD 38. Jul 4, 2024 · Largest armies in the world by active military personnel 2024 such a basket costs more than the minimum wage in Nigeria. This variation is due to annual incremental increases by governments upon determining the lowest livable wage, while others stay fixed. However, in most cases it is the minimum wage contained in the 1974, 1973 or 1972 Labour Law which is being used. The minimum wage in New Zealand is NZ$22. 7. Canada. It is updated and set by the Presidential Order. 26 after taxes, ranks Dec 4, 2023 · A surge in the minimum wage, a nuanced publishing industry trajectory, and active participation in global affairs all contribute to the nation's dynamic narrative. Armenia’s monthly minimum wage is US$193 (AMD 75,000). 15), beating out Luxembourg by a cent. Mar 31, 2024 · Sophie Ireland March 31, 2024 March 31, 2024 Special Reports Economists warn of a challenging economic period ahead, with many predicting an upcoming recession. As an American politician is claiming that the government has “proved communism works”, one European country just shot down a proposed minimum wage law. 3 days ago · Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Armenia. 00 to CLP510,500. Source: §1-17 of the National Minimum Wage Act, 2019 . Jul 4, 2024 · Of the G20 countries, Argentina saw the largest increase of the net minimum wage from January 2023 to January 2024, with wages increasing by almost 140 percent. 80 USD per hour to 7. around the world to protect the incomes and the purchasing power of low-paid workers and their families. Dec 5, 2020 · These figures echo the findings of a 2017 study by Public Radio International, which also shows a significant variation of the minimum wage level among garment workers worldwide. 10 per hour. These minimum wage laws have had very positive effects upon the lives of workers. Luxembourg - $2790. Not far behind, France offers an hourly minimum wage of $11. 90 per week. At the high end ~0. Some government institutions and public enterprises set their own minimum wages: public sector employees,the largest group of wage earners,earned a monthly minimum wage of 420 birr ($21); employees in the banking and insurance sector had a minimum monthly wage of 336 birr ($18). However, the minimum wage ranges from 5. Apr 3, 2025 · Average full-time hourly wage in the UK 1997-2024, by gender. This is equivalent to USD 861. Apr 29, 2024 · Hong Kong is set to raise the hourly minimum wage by 4. 3. Effective 1 March 2024, the minimum wage will increase from R25. Switzerland - $5011. Uzbekistan’s monthly minimum wage is US$90 (UZS 1,155,000). As of 1 July 2024 the minimum wage is $24. 15. Source. The “bite” of the minimum wage—the ratio of the minimum wage to the median wage— measures the relative importance of the minimum wage in each labor market. Lithuania: In January 2024, the national minimum wage in Lithuania rose to EUR 924 per month. 00 in International Currency: HERE: India : States: Wages per day, until March, 2021: Source (w. Average salary of EMBA graduates from the leading business schools around the world in 2024 (in U. This is equivalent to 225 Cuban Pesos. org is a Jan 1, 2025 · Alaska. The Minimum Wage Around the World and Which Countries Increased It in the Past Year (2024) The global minimum wage increases in 2024 reflect a broader Oct 30, 2024 · Our interactive minimum wage world map provides an overview of the countries that have updated their minimum wage averages this year, making it a valuable resource for businesses managing international workforces. The trend suggests that the EU’s Minimum Wage Directive is beginning to shape wage-setting policies, alongside moderating inflation. Minimum Wages around the World; News about Minimum Wages; Minimum Wage and Labour Law; Minimum Wage Regulations May 20, 2021 · Given the renewed prominence of the federal minimum wage in U. For instance, the minimum wage in Ontario is 11 USD/hour while the minimum wage in Manitoba is 10 USD. We chose as our universe the United Nations’ 193 member nations and two non-member observer states (Palestine and Vatican City), plus two self-governing non-members Jan 1, 2025 · Minimum Wage in Nepal - 2025 May. It doesn't really mean they are doing better. 00 AUD/week in 2025 and 1000. Minimum wage is calculated on a monthly basis. On the other hand, I am willing to bet that most Americans live in a place where the minimum wage is way above $1,550. While inflation rates were the most common criterion for the setting of 2024 national minimum wage rates in the EU, in 2025 they have played a lesser role as minimum wage setters have responded to falling inflation. Pakistan. The earning limit for marginally paid job (mini-job) €556 per month from 1 January 2025. 5 per cent to HK$41. 84 per hour or $753. Currently, Australia holds the world record for highest nominal minimum wage with AUS$18. In states that allow a tip credit, a certain amount of received tips per hour may be credited against the minimum wage by an employer, although the tipped employee must receive at least the minimum wage (with combined cash wage and tips) each hour. Sierra Leone. THE REGULATION OF WAGES (AGRICUTURAL INDUSTRY) (AMENDMENT) ORDER, 2024. WageIndicator events related to Living Wages 2021-2023 72 8. 50 per hour across the provinces. 33 times the standard hours per week if an hourly wage is given. Four countries (India, Pakistan, South Africa, and USA) have more than a hundred Minimum Wages. WageIndicator offers Living Wages / Income for more than 175 countries. Basic Minimum Rate (per hour): $11. The availability of countries and regions for which we provide Living Wage benchmarks can be found in our countries and regions overviews. 00 AUD/week in 2026, according to our econometric models. The minimum wage in Sudan is the lowest in the world, at SDG425 ($0. All of these allowances are specified under different statutory wage orders. The minimum wage in Sierra Leone is currently fixed at SLE 600,000 per month (EUR 27. Aug 6, 2024 · Liechtenstein does not have a statutory minimum wage, but most workers are covered by collective bargaining agreements that set a minimum wage around CHF 23. 2025 Minimum Wage Rates By State Feb 20, 2019 · Minimum wages across the world differ significantly. We have looked at the minimum wages' impacts, alternative models for minimum wages, and the role of lower Aug 13, 2024 · (After accounting for inflation) In July, inflation-adjusted wages were 18% to 25. Martin Kahanec May 15, 2025 · Germany. t State’s Labour Ministry) Feb 23, 2024 · Which country pays the highest minimum wage in the world? The minimum wage act in South Korea was enacted on 31st December 1986, and the system came into force in January 1988. 11 per hour, or about USD $25. 52) to MAD 16. The Swedish model relies on collective agreements to set fair wages and working conditions. S. 13. 25 per hour in 2020—the 17th highest in the world, but barely half that of the global leader, Australia. 21) per month – the second lowest minimum wage in the entire world. This ranking is based on the lowest regional minimum wages recorded in each country. Kazakhstan may have a smaller minimum wage but only 5% of the population earns minimum wage and the medium is much higher, and in Azerbaijan the minimum wage might be higher but 40% of people might be working with minimum wage and the medium wage is much lower. In states that do not set their own minimum, the federal minimum applies. More information is available at. There is also no distinction between whether the minimum wage is Federal or State and State minimum wages vary a good amount. 20 per hour. 58. It could be argued that Brazil has been more openly supportive of universal basic income than any other country. 8. net wage, starting from January 1st, 2024, The table below lists the current prevailing 2025 minimum wage rates for every state in the United States. # It is calculated as 4. Minimum Wages around the World (English) Minimum Wages News; Minimum Wage and Labour Law; Minimum Wage Regulations Minimum Wage Board to raise the minimum wage to 23,000 BDT ($209. Poland: On January 1, 2024, the minimum wage in Poland rose to PLN 4,242 per month. Australia also adopted some special minimum wage rates based on age group and certain occupations. Dec 25, 2024 · Today, more than 90 percent of the world’s nations have some kind of minimum wage law in effect. Jan 18, 2025 · The Minimum Wage Advisory Board, constituted under the Minimum Wages Advisory Boards and Wages Councils Act 1957, had proposed raising the minimum wages to 75,000 Ugandan Shillings in 1995 (later revised to 65,000 Ugandan Shillings) and 136,000 Ugandan Shillings in 2017; however, none of these proposals was accepted and finally notified. Apr 29, 2025 · July 2024: Franziska Koenig: Accenture Guarantees a Living Wage; June 2024: SOS Children's Villages works on Living Wages for 137 countries; May 2024: AP2, Swedish Pension Fund: Why every investor should think about the Living Wage; April 2024: Living Wages are the Tipping Point for Attaining a Decent Life, says Prof. 00 5. Monthly wage of an employee who has worked as per monthly norm of working time and performed his/her functions cannot Apr 4, 2016 · Rising global inequality has made minimum wages a hot topic in countries around the world, as governments attempt to ensure low-paid workers have the chance to escape relative poverty. Jan 30, 2025 · This is the third blog in a series about Business Ready (B-READY), a World Bank flagship report that assesses the global business environment. You can find a list of highest and lowest minimum wage rates here. For ex-ample, during 2020–22, the minimum wage de- However, there are still a few safe havens around the world. 40: For those above 18 but under 65 years, CLP500,000. , and there are still many countries that do not have a minimum wage. Iceland - $3127. The Philipines There is an urgent need for well-designed policy measures to maintain the purchasing power and living standards of wage workers and their families. 85 USD per hour. Minimum This led the country to adopt one of the highest minimum wages in the developed world. 66, securing the third position globally. In 2024, the national minimum wage stood at A$24. This equates to approximately 4,940 USD gross or 4,190 USD net, making it one of the highest minimum wages in the world. org provides a database of international minimum wage rates and labor law information for countries around the world. This page provides values for Minimum Wages reported in several countries. 00 PHP/day in 2024 and a record low of 89. There are reports of workers being paid much less - about half the minimum or around $50 a month. But it varies considerably—from under 30% in the US to more than 60% in France and New Zealand. 70, equivalent to US$13. Studies show that the countries with a higher minimum wage requirement have happier Dec 2, 2020 · This ILO flagship report examines the evolution of real wages around the world, giving a unique picture of wage trends globally and by region. 23, equivalent to US$15. Switzerland, which has no minimum wage, rejected a proposal by union activists to impose a $25 per hour minimum wage in the country. 48. The Starbucks Foundation continues to support critical human and social services, advance economic mobility and opportunity, Dec 4, 2024 · The Portuguese minimum wage is one of the lowest in Western Europe, standing at €870 per month as of 2025. 08: BAM 996. 55 ($1. 00 BDT/Month in 2025, according to our econometric models. In 2024, The Starbucks Foundation also responded to disasters . r. Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. China: China passed its first wage laws in 2004 and adopted a monthly minimum salary for full-time workers and an hourly figure for part-time workers. Monthly Minimum Wage, by Country The following table includes all of the data used in this infographic. May 8, 2015 · It illustrates the after-tax value of the hourly minimum wage, in US dollars, in the OECD countries that have instituted one. If we consider the entire world, right now, in 2024, the lowest minimum wage mandated by law anywhere can be found in Cuba. 60 4. 29 from the current daily minimum wages set by the Regional Tripartite Wages and Productivity Board. The minimum wage is argued to provide the labourer with the basic amenities provided by the country. Minimum Wages in Philippines averaged 363. - By Country - was last updated on Sunday, May 18, 2025. Mar 27, 2024 · The 2024 NLW is set to be around 30 per cent higher than the adult minimum wage in 2015. Based on Jul 16, 2024 · According to Velocity Global's 2024 report, the Philippines, Indonesia, and Vietnam rank among the top 10 countries with the lowest minimum wages worldwide. The statutory minimum wage is €12. Example. 5 million Mexicans will be positively impacted as their daily base salary receives a commendable 20% boost. It explores key challenges workers face globally and sheds light on patterns of income differences between and within countries. New Zealand closely follows with a minimum wage of $11. 1% lower than the current daily minimum wages across the regions in the country. The UBI-like Bolsa Família social program, established in 2004, delivers a stipend worth roughly 20% of minimum wage to the neediest 25% (or so) of Brazil’s people, helping them buy food, school supplies, clothing, and shoes. Luxembourg (Minimum monthly wage: $2,459) A European nation boasts the highest minimum wage worldwide, with skilled workers over 18 earning a monthly minimum of $2,459. Jan 22, 2025 · Student Organising Body of the International Conference 2024; 2019-2020; Labour Law Around the World; Minimum Wages Regulations Minimum wage rates are Some countries establish a minimum wage per hour, others per working day, week, month, etc. 3 ($1. 29 April 2024 17:56, “Around the world, many countries and regions Dec 31, 2024 · In 1894, New Zealand became the first nation to enact a minimum wage law, and―pressured by the labor movement and public opinion―other countries (including the United States in 1938) followed its lead. 25 the wealthiest country in the world, ranks #19 on minimum wages across the the spending power of one dollar in 2024 is only 70% of what it Jan 24, 2025 · These Statutory Orders were first amended in 2012 and now in 2018 whereby the minimum wage rates have been increased. How often does the minimum wage change in Australia? Minimum Wage Around the World and Which Countries Increased It in 2024. Feb 25, 2024 · This is how South Africa’s National Minimum Wage compares to other countries around the world. 00 per month; and For those under 18 and over 65 years, CLP372,989. (CPI) in rural and urban India FY 2020-2024; Minimum daily wages in May 8, 2015 · It illustrates the after-tax value of the hourly minimum wage, in US dollars, in the OECD countries that have instituted one. 26 after taxes, ranks Sweatshop workers in Bangladesh officially earn 92 US dollars per month. 23 hourly. Aug 13, 2024 · (After accounting for inflation) In July, inflation-adjusted wages were 18% to 25. The minimum wage for non-tipped workers in the United States remains $7. For more information, check out the Living Wages FAQ and view the Living Wages Visual Explanation . Meanwhile, there was no clear evidence that the minimum wage level in 2019 was notably higher than in 2017 in many countries we examined. The third National People’s Tribunal, National People’s Tribunal on Living Wage as a Fundamental Right of Indian Garment Workers was held in Bangalore on 22-25 November 2012, and was itself the culmination of a local hearings process from two of the regions where most production takes place, the National Capital Region (NCR) around Delhi and Bangalore, in the State of Karnataka. Martin Kahanec Sep 13, 2024 · The Global Wage Report 2024-25, provides a detailed look at wage trends around the world and in different regions, highlighting changes in wage inequality and real wage growth. 00 BDT/Month by the end of 2024, according to Trading Economics global macro models and analysts expectations. Minimum Wages in Philippines remained unchanged at 645 PHP/day in 2025 from 645 PHP/day in 2024. Minimum-Wage. Kazakhstan Another 62 countries have between two and 10 different Minimum Wage rates, while 34 countries specify rates for over 10 different categories of workers. If we assume someone works 40 hours a week, the federal minimum wage of $7. Source: §66, 68, 71 & 113 of the Law regulating Labour in Rwanda, 2018 (No. Ireland. Djibouti THE REGULATION OF WAGES (GENERAL) (AMENDMENT) ORDER, 2024. svnbqs mbiqij ykfr qglp cuorf huwh pkr pxbon bufgrgb uazk