Korea vs Luxembourg: Real minimum wages at constant prices — Statutory minimum wages
Real minimum wages at constant prices — Statutory minimum wages over time
- Korea
- Luxembourg
How they compare
Luxembourg currently reports 36,365 US dollars, exchange rate converted against 17,685 US dollars, exchange rate converted in Korea, a difference of 18,680 US dollars, exchange rate converted.
That makes Luxembourg's figure about 2.1 times Korea's.
Across all 38 years both countries report, Luxembourg has been ahead every year.
Korea ranks 1st and Luxembourg ranks 1st of 3 groups.
Luxembourg has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Korea | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 3,671 US dollars, exchange rate converted | 22,631 US dollars, exchange rate converted | 18,960 US dollars, exchange rate converted | Luxembourg |
| 1990s | 5,019 US dollars, exchange rate converted | 26,169 US dollars, exchange rate converted | 21,150 US dollars, exchange rate converted | Luxembourg |
| 2000s | 8,373 US dollars, exchange rate converted | 30,010 US dollars, exchange rate converted | 21,637 US dollars, exchange rate converted | Luxembourg |
| 2010s | 12,518 US dollars, exchange rate converted | 32,501 US dollars, exchange rate converted | 19,983 US dollars, exchange rate converted | Luxembourg |
| 2020s | 17,633 US dollars, exchange rate converted | 34,880 US dollars, exchange rate converted | 17,247 US dollars, exchange rate converted | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real minimum wages at constant prices — statutory minimum wages, Korea or Luxembourg?
- Luxembourg, at 36,365 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 Korea and Luxembourg?
- 18,680 US dollars, exchange rate converted, with Luxembourg ahead.
- How many years of comparable data are there for Korea and Luxembourg?
- 38 years are reported by both, from 1988 to 2025.
- How do Korea and Luxembourg rank globally for real minimum wages at constant prices — statutory minimum wages?
- Korea ranks 1st and Luxembourg ranks 1st of 3 groups.
- 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.