Germany vs Korea: Real minimum wages at constant prices — Statutory minimum wages
Real minimum wages at constant prices — Statutory minimum wages over time
- Germany
- Korea
How they compare
Germany currently reports 29,303 US dollars, exchange rate converted against 17,685 US dollars, exchange rate converted in Korea, a difference of 11,618 US dollars, exchange rate converted.
That makes Germany's figure about 1.7 times Korea's.
Across all 11 years both countries report, Germany has been ahead every year.
Germany ranks 5th and Korea ranks 2nd of 26 countries.
Germany has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Germany | Korea | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 25,390 US dollars, exchange rate converted | 14,309 US dollars, exchange rate converted | 11,081 US dollars, exchange rate converted | Germany |
| 2020s | 27,101 US dollars, exchange rate converted | 17,633 US dollars, exchange rate converted | 9,468 US dollars, exchange rate converted | Germany |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real minimum wages at constant prices — statutory minimum wages, Germany or Korea?
- Germany, at 29,303 US dollars, exchange rate converted against 17,685 US dollars, exchange rate converted in Korea as of 2025.
- What is the difference in real minimum wages at constant prices — statutory minimum wages between Germany and Korea?
- 11,618 US dollars, exchange rate converted, with Germany ahead.
- How many years of comparable data are there for Germany and Korea?
- 11 years are reported by both, from 2015 to 2025.
- How do Germany and Korea rank globally for real minimum wages at constant prices — statutory minimum wages?
- Germany ranks 5th and Korea ranks 2nd of 26 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Real minimum wages at constant prices — Statutory minimum wages. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Real minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 30 OECD countries and two other non-member countries for which they are available. Real hourly and annual minimum wages are calculated first by deflating the series using the consumer price index taking 2024 as the base year then converted into common currency units 1) US dollars (USD) and 2) USD using Purchasing Power Parities (PPPs) for private consumption expenditures in 2024.