Real minimum wages at constant prices — Statutory minimum wages in Mexico
Mexico: Real minimum wages at constant prices — Statutory minimum wages was 3,768 US dollars, exchange rate converted in 2025. ▬ Flat
Real minimum wages at constant prices — Statutory minimum wages in Mexico, 1984–2025
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
The most recent figure for real minimum wages at constant prices — statutory minimum wages in Mexico is 3,768 US dollars, exchange rate converted, measured in 2025. That is the highest value across all 42 years on record.
Compared with earlier readings it is up 7.9% on the previous year and up 153.0% over ten years.
Over the whole period, real minimum wages at constant prices — statutory minimum wages in Mexico peaked at 3,768 US dollars, exchange rate converted in 2025 and was at its lowest, 1,428 US dollars, exchange rate converted, in 1999.
That places Mexico 25th out of 26 countries with data for 2025, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2,806 US dollars, exchange rate converted | 2,269 US dollars, exchange rate converted | 3,252 US dollars, exchange rate converted | 6 |
| 1990s | 1,707 US dollars, exchange rate converted | 1,428 US dollars, exchange rate converted | 2,057 US dollars, exchange rate converted | 10 |
| 2000s | 1,448 US dollars, exchange rate converted | 1,434 US dollars, exchange rate converted | 1,459 US dollars, exchange rate converted | 10 |
| 2010s | 1,544 US dollars, exchange rate converted | 1,443 US dollars, exchange rate converted | 1,877 US dollars, exchange rate converted | 10 |
| 2020s | 2,923 US dollars, exchange rate converted | 2,179 US dollars, exchange rate converted | 3,768 US dollars, exchange rate converted | 6 |
Countries ranked near Mexico
More economy & growth data for Mexico
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.06 Percent per annum (2029)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0406 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 24.61 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 17.97 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.0557 (2025)
- Gdp worldbank constant usd, annual growth rate 0.5618 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7385 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 10,257 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2025)
Frequently asked questions
- What is real minimum wages at constant prices — statutory minimum wages in Mexico?
- Real minimum wages at constant prices — statutory minimum wages in Mexico was 3,768 US dollars, exchange rate converted in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest real minimum wages at constant prices — statutory minimum wages recorded in Mexico?
- The highest recorded value was 3,768 US dollars, exchange rate converted in 2025.
- What is the lowest real minimum wages at constant prices — statutory minimum wages recorded in Mexico?
- The lowest recorded value was 1,428 US dollars, exchange rate converted in 1999.
- How does Mexico rank for real minimum wages at constant prices — statutory minimum wages?
- Mexico ranks 25th out of 26 countries with data for 2025.
- Is real minimum wages at constant prices — statutory minimum wages rising or falling in Mexico?
- Over the last ten years it is up 153.0%. The long-run trend across the full record is flat.
- Where does this Mexico data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Real minimum wages at constant prices — Statutory minimum wages. Statizoid updates them automatically from the source API.
Download this data
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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.