SGI 2020 | Policy Performance | Economic Policies | Labor Markets

What is the monthly minimum wage in USD purchasing power parities?

€EUOECD

Time series

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Values among 41 countries

Indicator metadata and score calculation

Definition:	Purchasing Power Adjusted Monthly Minimum Wages or First Decile Hourly Earnings for countries with no statutory minimum wage
Year:	2019
Unit:	PPP, current int. USD
Direction:	High values translate into high scores
Source 1:	OECD Online Database, World Bank World Development Indicators
Data for:	AUS, CAN, CHL, ISR, JPN, KOR, MEX, NZL, USA
Exceptions:	NZL (2018)
Annotation:	OECD: Dataset: Minimum wages at current prices in NCU URL: https://stats.oecd.org/Index… extracted May 19th, 2020 World Bank: Dataset: World Development Indicators, PPP conversion factor, private consumption (LCU per international $) [PA.NUS.PRVT.PP] URL: https://databank.worldbank.o… extracted July 7th, 2020
Source 2:	Eurostat Online Database, World Bank World Development Indicators
Data for:	AUT, BEL, BGR, HRV, CZE, DNK, EST, FIN, FRA, DEU, GRC, HUN, ISL, IRL, ITA, LVA, LTU, LUX, MLT, NLD, NOR, POL, PRT, ROU, SVK, SVN, ESP, SWE, CHE, TUR, GBR
Exceptions:	AUT (2014), DNK (2014), FIN (2014), ISL (2014), ITA (2014), NOR (2014), SWE (2014), CHE (2014)
Annotation:	Eurostat: Dataset: Structure of earnings survey: monthly earnings [earn_ses_monthly] URL: https://appsso.eurostat.ec.e… extracted May 19th, 2020 Eurostat: Dataset: Monthly minimum wages - bi-annual data [earn_mw_cur] URL: https://appsso.eurostat.ec.e… extracted May 19th, 2020 World Bank: Dataset: World Development Indicators, PPP conversion factor, private consumption (LCU per international $) [PA.NUS.PRVT.PP] URL: https://databank.worldbank.o… extracted July 7th, 2020
Source 3:	ILOSTAT Online Database, World Bank World Development Indicators
Data for:	CYP
Exceptions:	CYP (2018)
Annotation:	ILOSTAT: Dataset: Statutory nominal gross monthly minimum wage – Harmonized series URL: https://www.ilo.org/shinyapp… extracted May 24th, 2020 World Bank: Dataset: World Development Indicators, PPP conversion factor, private consumption (LCU per international $) [PA.NUS.PRVT.PP] URL: https://databank.worldbank.o… extracted July 7th, 2020

Calculation:	Long-term data series were used to set appropriate minimum and maximum values.
Maximum:	2437.94375
Minimum:	0
/	Above/Below IQR boundary value. See FAQ for further information.
Distance:	Distance=(value for calculation-minimum)/(maximum-minimum)
Score:	Score=1+relative distance*9
Annotat.:	Indicator calculated by Margit Kraus (Calculus Consult)

Additional annotations and exceptions

Figures were calculated by converting LCU data into PPP units using PPP conversion factors for private consumption. For AUS, CAN, JPN, MEX, NZL monthly minimum wages were calculated by dividing annual minimum wages by 12. For countries with no statutory minimum wage (AUT, DNK, FIN, ISL, ITA, NOR, SWE, CHE), monthly first decile earnings for full-time workers were used.

Top group

Score

Minimum Wages

Switzerland

10.0

3204.43

Norway

10.0

2870.79

Sweden

10.0

2541.26

Denmark

10.0

2540.04

Luxembourg

9.1

2187.70

Upper middle group

Finland

8.9

2131.93

Australia

8.7

2072.91

Germany

8.4

2001.30

Netherlands

8.1

1927.30

Iceland

8.1

1926.22

Belgium

8.0

1906.05

Italy

7.8

1847.70

France

7.8

1829.08

South Korea

7.6

1798.84

New Zealand

7.6

1776.45

Austria

7.5

1773.90

Canada

7.5

1773.37

7.5

1753.84

Ireland

7.3

1700.42

Spain

6.5

1490.98

Japan

6.1

1383.97

Slovenia

6.1

1381.55

Lower middle group

Cyprus

5.8

1302.10

Israel

5.7

1273.99

USA

5.6

1256.67

Greece

5.4

1202.14

Malta

5.4

1197.98

Poland

5.4

1196.98

Turkey

5.3

1171.86

Romania

5.0

1095.77

Lithuania

5.0

1095.29

Portugal

5.0

1092.87

Croatia

4.6

974.38

Hungary

4.6

962.04

Czechia

4.5

956.67

Slovakia

4.2

879.44

Estonia

4.2

870.30

Latvia

3.8

750.97

Bulgaria

3.7

743.50

Chile

3.3

610.89

Bottom group

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Mexico

1.7

179.99

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What is the monthly minimum wage in USD purchasing power parities?