Real minimum wages at constant prices — Statutory minimum wages by country
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...
What the numbers show
Real minimum wages at constant prices — Statutory minimum wages is currently reported for 26 countries. The highest value is 36,365 US dollars, exchange rate converted in Luxembourg; the lowest is 3,260 US dollars, exchange rate converted in Brazil.
The median across all reporting countries is 14,328 US dollars, exchange rate converted, and the mean is 17,289 US dollars, exchange rate converted.
The gap between the highest and lowest reporting country is a factor of about 11.
Over the past decade 25 countries rose and 1 fell. The largest increase was in Mexico (up 153.0%), and the largest decrease in United States (down 26.4%).
Real minimum wages at constant prices — Statutory minimum wages: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Luxembourg | 36,365 US dollars, exchange rate converted | 2025 | up 11.2% | rising |
| 2 | United Kingdom | 32,912 US dollars, exchange rate converted | 2025 | up 32.9% | rising |
| 3 | Ireland | 31,730 US dollars, exchange rate converted | 2025 | up 25.6% | rising |
| 4 | Australia | 31,225 US dollars, exchange rate converted | 2025 | up 8.4% | rising |
| 5 | Germany | 29,303 US dollars, exchange rate converted | 2025 | up 16.7% | rising |
| 6 | Belgium | 28,590 US dollars, exchange rate converted | 2025 | up 4.7% | flat |
| 7 | New Zealand | 28,311 US dollars, exchange rate converted | 2025 | up 19.3% | rising |
| 8 | Canada | 24,652 US dollars, exchange rate converted | 2025 | up 19.6% | rising |
| 9 | France | 24,432 US dollars, exchange rate converted | 2025 | up 2.2% | rising |
| 10 | Israel | 21,400 US dollars, exchange rate converted | 2025 | up 14.2% | rising |
| 11 | Spain | 18,731 US dollars, exchange rate converted | 2025 | up 44.0% | rising |
| 12 | United States | 15,080 US dollars, exchange rate converted | 2025 | down 26.4% | falling |
| 13 | Japan | 14,892 US dollars, exchange rate converted | 2025 | up 19.9% | rising |
| 14 | Portugal | 13,763 US dollars, exchange rate converted | 2025 | up 39.7% | rising |
| 15 | Greece | 13,724 US dollars, exchange rate converted | 2025 | up 22.5% | rising |
| 16 | Malta | 13,032 US dollars, exchange rate converted | 2025 | up 6.0% | rising |
| 17 | Czechia | 11,407 US dollars, exchange rate converted | 2025 | up 45.7% | rising |
| 18 | Romania | 10,871 US dollars, exchange rate converted | 2025 | up 148.4% | volatile |
| 19 | Hungary | 9,882 US dollars, exchange rate converted | 2025 | up 60.6% | rising |
| 20 | Costa Rica | 9,479 US dollars, exchange rate converted | 2025 | up 25.2% | rising |
| 21 | Bulgaria | 7,448 US dollars, exchange rate converted | 2025 | up 104.3% | volatile |
| 22 | Chile | 6,551 US dollars, exchange rate converted | 2025 | up 43.0% | rising |
| 23 | Colombia | 4,917 US dollars, exchange rate converted | 2025 | up 25.9% | rising |
| 24 | Peru | 3,798 US dollars, exchange rate converted | 2025 | up 8.8% | rising |
| 25 | Mexico | 3,768 US dollars, exchange rate converted | 2025 | up 153.0% | flat |
| 26 | Brazil | 3,260 US dollars, exchange rate converted | 2025 | up 13.7% | falling |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Netherlands 32,634 US dollars, exchange rate converted
- Korea 17,685 US dollars, exchange rate converted
- Slovenia 17,326 US dollars, exchange rate converted
- Poland 14,889 US dollars, exchange rate converted
- Lithuania 14,075 US dollars, exchange rate converted
- Croatia 13,153 US dollars, exchange rate converted
- Slovak Republic 11,065 US dollars, exchange rate converted
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.