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.
Real minimum wages at constant prices — Statutory minimum wages in Mexico, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 1984 | 3,252 US dollars, exchange rate converted | — |
| 1985 | 3,209 US dollars, exchange rate converted | -1.3% |
| 1986 | 2,932 US dollars, exchange rate converted | -8.6% |
| 1987 | 2,756 US dollars, exchange rate converted | -6.0% |
| 1988 | 2,415 US dollars, exchange rate converted | -12.4% |
| 1989 | 2,269 US dollars, exchange rate converted | -6.0% |
| 1990 | 2,057 US dollars, exchange rate converted | -9.3% |
| 1991 | 1,965 US dollars, exchange rate converted | -4.5% |
| 1992 | 1,878 US dollars, exchange rate converted | -4.4% |
| 1993 | 1,849 US dollars, exchange rate converted | -1.5% |
| 1994 | 1,849 US dollars, exchange rate converted | +0.0% |
| 1995 | 1,611 US dollars, exchange rate converted | -12.9% |
| 1996 | 1,487 US dollars, exchange rate converted | -7.7% |
| 1997 | 1,470 US dollars, exchange rate converted | -1.2% |
| 1998 | 1,476 US dollars, exchange rate converted | +0.4% |
| 1999 | 1,428 US dollars, exchange rate converted | -3.3% |
| 2000 | 1,435 US dollars, exchange rate converted | +0.5% |
| 2001 | 1,444 US dollars, exchange rate converted | +0.6% |
| 2002 | 1,454 US dollars, exchange rate converted | +0.7% |
| 2003 | 1,453 US dollars, exchange rate converted | -0.0% |
| 2004 | 1,447 US dollars, exchange rate converted | -0.4% |
| 2005 | 1,454 US dollars, exchange rate converted | +0.5% |
| 2006 | 1,459 US dollars, exchange rate converted | +0.4% |
| 2007 | 1,458 US dollars, exchange rate converted | -0.1% |
| 2008 | 1,443 US dollars, exchange rate converted | -1.1% |
| 2009 | 1,434 US dollars, exchange rate converted | -0.6% |
| 2010 | 1,443 US dollars, exchange rate converted | +0.7% |
| 2011 | 1,453 US dollars, exchange rate converted | +0.7% |
| 2012 | 1,455 US dollars, exchange rate converted | +0.2% |
| 2013 | 1,461 US dollars, exchange rate converted | +0.4% |
| 2014 | 1,460 US dollars, exchange rate converted | -0.1% |
| 2015 | 1,489 US dollars, exchange rate converted | +2.0% |
| 2016 | 1,539 US dollars, exchange rate converted | +3.4% |
| 2017 | 1,591 US dollars, exchange rate converted | +3.3% |
| 2018 | 1,674 US dollars, exchange rate converted | +5.2% |
| 2019 | 1,877 US dollars, exchange rate converted | +12.1% |
| 2020 | 2,179 US dollars, exchange rate converted | +16.0% |
| 2021 | 2,371 US dollars, exchange rate converted | +8.8% |
| 2022 | 2,680 US dollars, exchange rate converted | +13.1% |
| 2023 | 3,048 US dollars, exchange rate converted | +13.7% |
| 2024 | 3,493 US dollars, exchange rate converted | +14.6% |
| 2025 | 3,768 US dollars, exchange rate converted | +7.9% |
Mexico compared with similar countries
- Mexico's 3,768 US dollars, exchange rate converted is below the median for Latin America & Caribbean, which is 4,358 US dollars, exchange rate converted, 86% of the median. (6 countries reporting)
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
- Real gdp growth, annual growth rate -56.52 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.18 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.009 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 124.78 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.7963 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0066 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 91.11 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 1.94 % change on previous year (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.
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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.