How Much Money Does Minimum Wage Pay Per Year

Wikipedia list article

This article's factual accuracy may be compromised due to out-of-date information. The reason given is: policy changes and inflation are not adequately reflected; inconsistent use of current and outdated minimum wages limits the ability to accurately compare countries. Please help update this to reflect recent events or newly available information. (October 2020)

Global minimum wages by territory

This is a list of the official minimum wage rates of the 193 United Nations member states and former members of the United Nations, also including the following territories and states with limited recognition: Northern Cyprus, and Kosovo and other independent countries. Some countries may have a very complicated minimum wage system; for example, India has more than 1202 minimum wage rates for different types of industries and skill levels.^[1] Meanwhile other countries may have a national rate which often is superseded by state, provincial, cantonal, county and city minimum wage rates. For example 33 states in the United States have higher minimum wages than the Federal rate (plus military rates on federal bases) - on top of this an additional 42 city-level subdivisions having different minimum wage rates and 53 counties. ^[2] In effect the United States has over 100 different minimum wages across the nation. This is common in Federal nations as Canada^[3] and China also have numerous different rates. In the article below only the lowest minimum wage is cited, or the highest-level subdivision where it applies.

Methodology [edit]

The minimum wages listed refer to a gross amount, that is before deduction of taxes and social security contributions, which vary from one country to another. Also excluded from calculations are regulated paid days off, including public holidays, sick pay, annual leave and social insurance contributions paid by the employer.

For the sake of comparison, an annual wage column is provided in international dollars, a hypothetical unit of currency calculated based on the purchasing power parity (PPP) of household final consumption expenditure. For calculating the annual wage, the lowest general minimum wage was used.

List [edit]

OECD [edit]

Notes [edit]

References [edit]

^ "Minimum Wage in India 2013". PayCheck.in. Retrieved 2014-01-08 .
^ https://www.aeaweb.org/articles?id=10.1257/jep.35.1.27
^ https://www.retailcouncil.org/resources/quick-facts/minimum-wage-by-province/
^ The workweek is the country's legal workweek in hours, above which is considered overtime and is often paid premium pay. See notes for variations on this definition. The main source for workweek data is: the Country Reports on Human Rights Practices for 2017 by the US Department of State.
^ The percentage was calculated by dividing the minimum wage (PPP) by the GDP per capita (PPP) from 2018 – obtained from the World Bank's GDP per capita, PPP (current international $), World Development Indicators database.
^ Annual wages were calculated by multiplying monthly wages by 12, weekly wages by 52, daily wages by 5x52 and hourly wages by Wx52, where W is the legal maximum (or the practical, if lower) workweek length in hours. A US$ conversion rate from 2017 – obtained from the World Bank's Official exchange rate (LCU per US$, period average), World Development Indicators database – was used to convert the annual wage from national currency to US dollars. The template To USD was used to convert the annual wage from national currency to US dollars.
^ Annual wages were calculated by multiplying monthly wages by 12, weekly wages by 52, daily wages by 5x52 and hourly wages by Wx52, where W is the legal maximum (or the practical, if lower) workweek length in hours. A purchasing power parity (PPP) conversion rate from 2016 – obtained from the World Bank's PPP conversion factor, private consumption (LCU per international $), World Development Indicators database – was used to convert the annual wage from national currency to international dollars. The template International dollars was used to convert the annual wage from national currency to international dollars.
^ Hourly wages were calculated by dividing the annual minimum wage (USD) rate by 52 weeks and then by the length of the standard hour workweek.
^ Hourly wages were calculated by dividing the annual minimum wage (PPP) by 52 weeks and then by the length of the standard workweek.
^ ^a ^b ^c ^d ^e ^f ^g ^h ⁱ ^j ^k ^l ^m ⁿ ^o ^p ^q ^r ^s ^t ^u ^v ^w ^x ^y ^z ^aa ^ab ^ac ^ad ^ae ^af ^ag ^ah ^ai ^aj ^ak ^al ^am ^an ^ao ^ap ^aq ^ar ^as ^at ^au ^av ^aw ^ax ^ay ^az ^ba ^bb ^bc ^bd ^be ^bf ^bg ^bh ^bi ^bj ^bk ^bl ^bm ^bn ^bo ^bp ^bq ^br ^bs ^bt ^bu ^bv ^bw ^bx ^by ^bz ^ca ^cb ^cc ^cd ^ce ^cf ^cg ^ch ^ci ^cj ^ck ^cl ^cm ^cn ^co ^cp ^cq ^cr ^cs ^ct ^cu ^cv ^cw ^cx ^cy ^cz ^da ^db ^dc ^dd ^de ^df ^dg "Country Reports on Human Rights Practices for 2017". State.gov. Retrieved 2018-04-23 .
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^ Standard workweek hours vary by province; ranges from 40 hours to 48 hours per week. Canadian Payroll Legislation
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^ "Archived copy". Archived from the original on 2016-04-25. Retrieved 2015-05-26 . CS1 maint: archived copy as title (link)
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^ "Gobierno fijó aumento del salario mínimo para 2021" (in Spanish). Retrieved 29 December 2020.
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^ The law defines different standard workweeks, ranging from 45 to 72 hours, for various jobs and prescribes rest periods and premium pay for overtime.
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^ "Czech Republic National Minimum Wage - NMW".
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^ Federal regulations set the working time of an employee to eight hours per day and limit the average workweek to a maximum of 48 hours per week. Collective bargaining agreements, however, may stipulate lower maximums, and in 2012 they stipulated on average 37.7 hours per week. These collective contracts directly or indirectly affecting 80 percent of the working population regulated the number of hours of work per week. According to the European Labor Force Survey, in 2011 the average full-time employee's workweek was 39.9 hours for women and 41.1 hours for men. The value given is the average of the average women and men workweek.
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^ The standard workweek was 40 hours in nonagricultural and service industries and 42.5 hours in the agricultural sector.
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^ Bonus and Weekly Allowances – Department for Industrial and Employment Relations – Malta
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^ No legal standard workweek; 40 hours per week has been used for comparison purposes.
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^ Nueva Política Salarial – Comisión Nacional de los Salarios Mínimos (CONASAMI) – Secretaría del Trabajo y Previsión Social (STPS) – México. In Spanish.
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^ Minimum wage in public sector in Morocco Archived February 23, 2016, at the Wayback Machine
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^ SMAG : minimum agriculture wage
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^ Myanmar sets $2.80 daily minimum wage in bid to boost investment |publisher= Business News – reuters.com
^ By regulation the workweek in both the public and private sectors was 35 hours for office workers and 40 hours for manual laborers.
^ "Minimum wage raised to Rs13,450 per month". Kathmandu Post. 2018-07-10. Retrieved 2018-12-11 .
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^ The law does not establish a specific number of hours as constituting a full workweek, but most workweeks are 36, 38 or 40 hours long.
^ https://www.employment.govt.nz/hours-and-wages/pay/minimum-wage/minimum-wage-rates/.
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^ There is no legislation concerning maximum hours of work; 40 hours a week was used for the purpose of calculating an annual wage.
^ Palestinian Central Bureau of Statistics (PCBS) – Press Release on the Results of the Labour Force Survey (October–December, 2014) Round Main Results
^ Palestinian Central Bureau of Statistics (PCBS) – On the occasion of May 1st – International Workers Day
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^ The law limits the workweek to 42 hours per week in urban areas and 44 hours per week in rural.
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^ By law the standard workweek is 48 hours for most categories of industrial workers and 40 hours for government workers, with an eight-hour-per-day limit.
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^ Hewlett, LK (22 September 2014). "Minimum Wage Increases By 12.5%". The St Kitts Nevis Observer. Archived from the original on 24 September 2014. Retrieved 24 September 2014.
^ The law provides for a 40- to 44-hour workweek.
^ "Current Minimum Wages". Dol.gov.vc. Archived from the original on 2014-03-06. Retrieved 2014-03-04 .
^ Saint Vincent and the Grenadines > Specific categories of workers – Database of national labour, social security and related human rights legislation International Labour Organization Archived March 4, 2014, at the Wayback Machine
^ "CSDL – Confederazione Sammarinese del Lavoro » LE TABELLE RETRIBUTIVE – Industria e artigianato e gli altri settori privati".
^ cdls.sm Archived 2014-10-27 at the Wayback Machine
^ The law sets the workweek at 36 hours in the public sector and 37.5 hours for industry and private businesses.
^ Nitaqat to enforce minimum salaries for citizens Arab News. December 25, 2012.
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^ "Archived copy". Archived from the original on 2016-03-04. Retrieved 2015-03-17 . CS1 maint: archived copy as title (link)
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^ The legal maximum workweek varied from 45 to 55 hours, depending on the economic sector.
^ "Act : Supplement to the Sierra Leine Gazette Vol. CXXVIII No. 24" (PDF). Sierra-leone.org. Retrieved 2014-03-04 .
^ "In Sierra Leone, "Minimum Wage for Workers is 21,000"…Says Labour Minister". News.sl. Archived from the original on 2013-09-27. Retrieved 2014-03-04 .
^ Sierra Leone News: Parliament approves minimum wage – awoko.org
^ "Progressive Wage Model for the cleaning sector". Retrieved 12 June 2020.
^ AsiaOne. September 2016.
^ "Zrušený predpis č. 326/2012 Z. z. – Nariadenie vlády o sume minimálnej mzdy na rok 2013". Zakonypreludi.sk. 2013-12-31. Retrieved 2014-03-04 .
^ "Slovenia ups minimum wage by 4.7 percent". kitco.com. Retrieved 2017-01-27 .
^ "National minimum wage – everything you need to know". BusinessTech. 2019-01-12. Retrieved 2019-08-25 .
^ Mywage.org/SouthSudan
^ "¿Cómo se aplica el nuevo salario mínimo en 2020?". elpais.es . Retrieved 2020-01-27 .
^ "Sudan to lift fuel subsidies gradually in 2020: minister". Reuters. December 27, 2019. Retrieved 2021-08-17 .
^ "Jura parliament finally agrees minimum wage of 20 francs per hour". 2017-11-23. Retrieved 2017-11-28 .
^ "Allgemeinverbindlicherklärung von Gesamtarbeitsverträgen" (in German, French, and Italian). Neuchâtel: Swiss State Secretariat for Economic Affairs SECO, Swiss Federal Department of Economic Affairs, Education and Research EAER. 1 May 2014. Retrieved 2014-05-20 .
^ Eddy, Melissa (May 18, 2014). "Swiss Defeat Minimum Wage by Large Margin". New York Times . Retrieved May 18, 2014.
^ "Abstimmungen – Indikatoren, Abstimmung vom 18. Mai 2014: Mindestlohn-Initiative" (in German and French). Neuchâtel: Swiss Federal Office of Statistics, Swiss Federal Administration. 18 May 2014. Retrieved 2014-05-20 .
^ The law sets a maximal 45-hour workweek for blue- and white-collar workers in industry, services, and retail trades and a 50-hour workweek for all other workers. The law limits annual overtime to 170 hours for those working 45 hours a week and 140 hours for those working 50 hours a week. Based on the Swiss Federal Office of Statistics the typical workweek is 41.7 hours.
^ "Betriebsübliche Arbeitszeit nach Wirtschaftsabteilungen (NOGA 2008), in Stunden pro Woche, 1990-2013" (XLS) (statistics) (in German and French). Neuchâtel: Swiss Federal Office of Statistics, Swiss Federal Administration. Retrieved 2014-05-20 . Total=41.7
^ "The History of Enacting and Adjusting the Minimum Wage Policy". 中華民國勞動部 (in Chinese). 29 July 2016. Retrieved 3 November 2016.
^ "基本工資之制訂與調整經過". 28 June 2015.
^ "??". Pressa.tj. Archived from the original on 2013-09-27. Retrieved 2014-03-04 .
^ According to the Ministry of Labor, there was no standard legal workweek for private sector workers, but most private employers retained a six-day, 44- to 48-hour workweek
^ Charoensuthipan, Penchan (6 December 2019). "Minimum wage to rise next month". Bangkok Post . Retrieved 16 January 2020.
^ "National minimum wage for private sector in East Timor set at US$115". Macauhub English. 2012-06-05. Retrieved 2014-03-04 .
^ Budget Statement 2015 – Ministry of Finance
^ "SMIG - salaire minimum interprofessionnel garanti dans les secteurs non agricoles régis par le code du travail (2000-2020)" (in French). 28 December 2020.
^ "Asgari Ücret 2022'de Ne Kadar Olacak". 23 November 2021.
^ Возрастут заработная плата и пособия – Туркменистан: золотой век. In Russian.
^ "Мінімальна заробітна плата". Retrieved 2021-01-01 .
^ "National Minimum Wage rates". GOV.UK. 2015-10-01. Retrieved 2019-09-15 .
^ ^a ^b "Minimum Wage". Wage and Hour Division (WHD). U.S. Department of Labor. Retrieved 2019-04-13 .
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^ "Minimum Wage Tracker". Economic Policy Institute. 2019-07-12. Retrieved 2019-07-26 .
^ "Consolidated Minimum Wage Table". Wage and Hour Division (WHD). U.S. Department of Labor. July 1, 2019. Retrieved 2019-07-26 .
^ "Emeryville now has the highest minimum wage in the country". SFGate. 2019-07-25. Retrieved 2019-07-26 .
^ "Gobierno definió aumento de 10% en salario mínimo nacional desde el 1.° de enero" (in Spanish). Retrieved 2020-12-11 .
^ The standard workweek ranged from 44 to 48 hours, depending on the industry.
^ "Минимальная зарплата в Узбекистане на сегодня и динамика изменения – Справочник Узбекистана". Goldenpages.uz. Retrieved 2014-03-04 .
^ Cullwick, Jonas. "Wells accepts Vt30,000 as new minimum wage | Vanuatu Daily Post". Dailypost.vu. Retrieved 2014-03-04 .
^ "They raised the minimum wage in Venezuela: now it is 4.6 dollars (April 2020)". dw.com. DW News. April 27, 2020. Retrieved November 26, 2020.
^ "Central bank of venezuela official exchange rates as November 26th". bcv.org.ve . Retrieved November 26, 2020.
^ "Minister of Labor announces new adjustment of the integral minimum wage to Bs. 800,000". finanzasdigital.com. April 27, 2020. Retrieved November 26, 2020.
^ "Government almost doubles minimum wages, domestic workers to earn close to K1,000". Lusakatimes.com. September 8, 2018. Retrieved October 5, 2018.
^ "Real minimum wages". OECD.