Key Takeaways
|
Below, we list minimum wages for 67 countries around the world. We list wages in local currency and USD based on the 2023 exchange rate to give you a sense of the local currency’s purchasing power.
Countries with the lowest minimum wages below $500 USD per month:
Albania
Albania’s government-mandated minimum wage amounts to ~$39,268 (30,000 ALL) per month, which is relatively low for a European country.
Argentina
The minimum wage as of April 2023 is ~$301.20 (80.342 ARS per month). However, due to the monthly inflation that Argentina has, the minimum wage is updated at least 4 times per year by a decree of the Ministry of Labor.
The following increases in 2023 expected are:
- May: ARS 84.512
- June: ARS 87.987
Bangladesh
In Bangladesh, the National Minimum Wage Board determines the minimum wage for each sector. The current minimum wage is ~$14.52 (1,500 takas) per month for all economic sectors not covered by industry-specific wages.
Brazil
The monthly minimum wage in Brazil varies by state, ranging from ~$230.82 (1,212.00 Brazilian Real) to ~$601.62 (3,158.96 Brazilian Real).
Bulgaria
The monthly minimum wage in Bulgaria is ~$449.47 (780 Bulgarian leva).
Colombia
Every January, the Colombian government establishes the minimum wage. The minimum wage per month is ~$286.81 (1,160,000 Colombian pesos).
Cuba
Cuba doesn’t have a government-mandated minimum wage. Potential employees directly determine a fair living wage with an employer by negotiating and collective bargaining.
The average minimum wage in Cuba comes to ~$87 (2,100 Cuban pesos) per month for a 44-hour workweek, although its rate varies by occupation. The Cuban government supplements the minimum wage with free education, housing, subsidized medical care, and food.
El Salvador
The minimum monthly wage in El Salvador varies between sectors:
- ~$359.16 per month for textiles and clothing
- ~$365.00 per month for industry
- ~$365.00 per month commerce and services
- ~$243.46 per month for agriculture
Georgia
The minimum monthly wage is ~$7.77 (20 GEL) per month and has not been updated in the past 30 years.
The average minimum wage is around ~$504.90 (1300 GEL).
Guatemala
The minimum wage in Guatemala varies from one sector to another. Workers in the agricultural sector in economic circumscription 1 receive ~$392.24 (3,073.60 GTQ) per month, while non-agricultural workers in economic circumscription 1 earn a minimum of ~$404.08 (3,166.38 GTQ) per month.
Rates are slightly lower for workers in the economic circumscription 2:
- Agricultural sector: 2,987.53 GTQ
- Non-agricultural sector: 3,077.56 GTQ
In Guatemala, on top of the ordinary salary, all employees are entitled to an additional GTQ 250 per month, which is included in the employee’s annual salary.
Guinea Bissau
In Guinea Bissau, the minimum wage is ~$101.12 (59,000 West African Franc) per month.
Indonesia
Indonesia’s district and province authorities establish the minimum wage within each area. Employees make at least ~$0.86 (12,238.56 Indonesian Rupiah) per hour or ~$136.07 (1,958,169.60 IDR) per month. However, the minimum wage can be as high as ~$326.94 (4,901,798.40 IDR) per month in some provinces.
Kazakhstan
Kazakhstan’s minimum wage rate is ~$148.85 (70,000.00 Kazakhstani tenge) per month for all full-time employees.
Kyrgyzstan
Kyrgyzstan’s government-mandated minimum wage is ~$26.60 (2,337.00 Kyrgyzstani soum) per month.
Malaysia
The minimum wage for City Council or Municipal Council areas in Malaysia is ~$272.42 (1,200 Malaysian Ringgit) per month.
Morocco
The minimum wage in Morocco is ~$291.29 (2,828 Moroccan Dirham) per month.
Nicaragua
Nicaragua’s national minimum wage is dependent on the employee’s industry. The national minimum wage ranges from ~$142.23 (5,196.34 NIO) per month for the agriculture industry and ~$318.29 (11,628.95 NIO) per month for construction, financial institutions, and insurance.
North Macedonia
The minimum monthly net salary in North Macedonia amounts to ~$308 (18,000.00 Macedonian Denars).
Pakistan
The monthly minimum wage in Pakistan varies by province and occupation. In Punjab, the minimum monthly wage for all industries is ~$111.23 (25,000.00 Pakistani rupees).
Panama
The minimum wage per month in Panama depends on the sector. In the IT sector, the monthly minimum wage is $97,981.06 (97,843.20 Panamanian Balboa).
Peru
All private sector workers in Peru are eligible for a minimum monthly wage of ~$261.61 (930 PEN).
Philippines
In the Philippines, there is no national minimum wage. Applicable minimum wage is based on the region where the employer is incorporated.
In the National Capital Region (NCR), the minimum wage is ~$257.24 (14,006.57 PHP) per month.
Russia
In Russia, there are regional variations in minimum wage rates:
- Moscow: ~$227.26 (20,589 RUB) per month
- St. Petersburg: ~$209.72 (19,000 RUB) per month
- Everywhere else in Russia: ~$141.20 (12,792 RUB) per month
Serbia
The minimum wage in Serbia is ~$388.19 (42.320,00 RSD) per month.
South Africa
In South Africa, the national minimum wage is ~$224.33 (4022.22 ZAR) per month.
Tanzania
As of July 2013, Tanzania’s minimum wage ranges from ~$17.15 (40,000 Tanzanian shillings) to ~$171.38 (400,000 Tanzanian shillings) per month, depending on the sector.
The Central African Republic
The Central African Republic’s government-mandated minimum wage amounts to around ~$60 (35,000 CFA francs) per month.
Turkey
Turkey’s gross national minimum wage is ~$499.83 (13,414.50 Turkish lire) per hour.
Ukraine
All workers in Ukraine are eligible for ~$499.83 (13,414.50 Ukrainian hryvnia) per hour.
Uzbekistan
The minimum wage in Uzbekistan is ~$84.65 (980,000.00 Uzbekistan Sum) per month.
Venezuela
Venezuela’s national minimum wage is ~$0.0005 (130.00 Venezuelan Bolivar) per month.
Not sure what a fair, attractive salary looks like across the globe? Deel has done the work for you.
Countries with average minimum wages between $500 and $1,000 USD per month:
Bosnia and Herzegovina
The minimum wage in Bosnia and Herzegovina is ~$523.92 (911,43 BAM) per month.
Costa Rica
Costa Rica’s minimum monthly wage ranges from ~$563.47 (352.164,91 CRC) for unskilled workers to ~$1,203.55 (752.220,04 CRC) for University Graduates (Master’s degree or higher).
Croatia
The minimum wage in Croatia is around ~$787.40 (700 EUR).
Czech Republic
The monthly minimum wage in the Czech Republic is ~$819.46 (17,300 CZK) per month.
Estonia
Estonia’s government-mandated general minimum wage is around ~$815.54 (725 EUR) per month.
Greece
The minimum wage for workers in Greece is ~$877.45 (780 EUR) per month.
However, the minimum wage can vary according to the seniority and civil status of the employee.
Hungary
The minimum wage for workers without a degree in Hungary is ~$697.13 (232,000 HUF) per month. Workers with a degree are entitled to a ~$890.65 (296,400 HUF) minimum wage.
Latvia
The government-mandated minimum wage in Latvia is ~$697.44 (620 EUR) per month for all workers.
Lithuania
Lithuania’s minimum wage is ~$944.92 (840 Euros) per month.
Malta
The minimum wage in Malta is around ~$939.51 (835.21 EUR) per month for full-time employees and ~$820.85 (626.41 EUR) per month for part-time employees.
Montenegro
As of January 2022, the minimum monthly wage in Montenegro amounts to around ~$598.99 Euros (533 Euros) for all full-time employees.
Poland
The minimum wage for full-time employees in Poland changed on July 1, 2023, and is now ~$910.63 (3,600 PLN) gross per month. From January to June 30, 2023, the minimum wage in Poland was ~$882.81 (3,490 PLN) gross per month and ~$5.77 (22.80 PLN) gross per hour.
The minimum wage is pro-rated for part-time employees and changes every year.
Portugal
In Portugal, the minimum gross salary for 2023 is ~$11,969.11 (10,640.00 EUR) per year.
Romania
The National minimum wage per month in Romania is as follows:
- Full-time employees: ~$523.88(2,300 RON)
- Full-time employees with higher education working in their studies field: ~$535.23 (2,350 RON)
- Full-time employees working in company construction that wants to apply the income tax exemption for employees: ~$ 683.28 (3,000 RON)
Slovakia
In Slovakia, the minimum wage is determined by worker type, starting at ~$700.77 (623 EUR) per month for roles with a low degree of responsibility to ~$1,353.09 (1203 EUR) for roles with a high degree of responsibility.
Countries with the highest minimum wages above $1,000 USD per month:
Andora
Andorra’s government sets a minimum wage twice a year. As of January 2023, the monthly minimum wage is set to ~$1,446.64 (1,286.13 EUR).
Australia
Australia’s minimum wage per hour is around ~$14.58 (21.38 AUD) but is lower for those below 21 years of age.
For occupations covered by an award or registered agreement, the minimum wage may be higher.
Training wages, junior wages, and apprentice wages may differ.
Austria
In Austria, the national minimum wage depends on job category (CBA Groups I to V) and the employee’s seniority. In group I, the minimum wage is ~$2,025.11 (1800.00 EUR) per month. In group V, the minimum wage can be as high as ~$6,651.80 (5912.40 EUR) per month.
Belgium
In Belgium, the minimum wage will depend on the sector of the company, the seniority, and the job description of the employee.
- Employees over 18 years old with at least 6 months of seniority are entitled to a minimum wage of ~$2,031.08 (1805,15 EUR) per hour.
- Employees over 20 years old with at least 12 months of seniority are entitled to ~$2,052.95 (1825,88 EUR) per hour.
Canada
Canada’s minimum wage varies by province/territory. Federally regulated employees must receive at least ~$11.78 (15.55 CAD) per hour. For the current provincial minimum wages, please reference the corresponding websites:
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan Northwest Territories
- Nunavut
- Yukon Territory
Denmark
There are no provisions regarding the minimum salary stipulated in the law. The minimum wage is based on the Bargaining Agreements in each sector. The average salary in Denmark in 2023 is around ~$3,490.38 (3,100 EUR) per month.
Finland
There are no provisions regarding the minimum salary stipulated in the law in Finland. The wage can vary according to the collective agreement that applies to the company. On average in 2023, the minimum is around ~$2,261.43 (2009 EUR) per month.
France
The Statutory Minimum Wage in France for full-time employees is ~$1,923.61 (1,709.28 EUR) per month but this can vary depending on company bargaining agreements.
Germany
The minimum wage in Germany amounts to ~$2,349.73 (2088 EUR) per month. However, workers often receive a higher minimum wage through collective bargaining, which is enforceable by law.
Iceland
In Iceland, the applicable minimum wage is complex. There is no national minimum wage by law. Instead, the minimum wage is determined by which Trade Union an employee is part of. Trade Unions determine minimum wage based on the age of the employee and job type.
On average, the minimum wage is around ~$2,830.77 (368,000 Icelandic krónur) per month.
Ireland
The minimum hourly wage in Ireland is ~$12.72 (11.30 EUR).
Japan
In Japan, the minimum wage is complex. The minimum hourly wage is set according to the region of the employee, and it can vary between ~$5.17 and ~$7.40 (714 JPY and 1023 JPY) per hour.
Luxembourg
The minimum wage in Luxembourg for general employees aged 18 and older is ~$3,122.51 (2,776.05 EUR) per month.
Netherlands
In the Netherlands, the minimum base salary (updated bi-annually) is ~$2,243.99 (1,995 EUR) a month for employees 21 years and older. Lower minimum base salaries apply to employees younger than 21 and can be found on the official government website.
New Zealand
The minimum wage in New Zealand depends on age and experience level.
- Adult (16+ years old): ~$14.28 (22.70 NZD) per hour
- Training (20+ years old with a training contract): ~$11.42 (18.16 NZD) per hour
- Early Employment (16-19 years old, less than 6 months of continuous employment): ~$11.42 (18.16 NZD) per hour
San Marino
The minimum wage in San Marino for the lowest paying industry is around ~$1584 (1,501.49 EUR) per month.
Slovenia
The monthly minimum wage is ~$1,353.25 (1203,36 EUR), and it's updated once a year by the Ministry of Labor.
South Korea
As of 2023, the minimum wage is ~$7.63 (9,620 WON) per hour or ~$2,636 (2,010,580 WON) per month.
Spain
The Minimum Wage in Spain is ~$1,313.05 (1,166.67 EUR) per month.
Switzerland
Switzerland doesn’t have a statutory minimum wage: collective agreements determine minimum compensation. The amounts range between cantons (states), with an average minimum wage of around ~$21.43 (20 Swiss Francs) per hour.
Taiwan
Taiwan’s national minimum wage is ~$10.19 (315.63 TWD) per hour.
United Kingdom
The minimum wage for employees in the United Kingdom working 40 hours a week is ~$28,406 (21,673.60 GBP) a year, ~$2,367 (1,806.13 GBP) per month. An employer could pay below minimum wage only if the employee works part-time or is younger than 23.
Stay on top of minimum wage laws with Deel
Staying compliant with local employment laws (like minimum wages) is the number one concern for many employers wanting to hire internationally. Still, it shouldn’t stop you from diving into the global talent pool.
Deel generates employment contracts that comply with local regulations for every international employee and independent contractor. You don’t need to learn a new set of rules each time you hire in a new country: we take care of it for you.
Book a demo today to discover the easy international hiring and compliance solution.
.svg)
