Minimum Wages in Brazil increased to 998 BRL/Month in January from 954 BRL/Month in December of 2018. Minimum Wages in Brazil averaged 415.92 BRL/Month from 1994 until 2019, reaching an all time high of 998 BRL/Month in January of 2019 and a record low of 64.79 BRL/Month in August of 1994.
Minimum Wages in Brazil is expected to be 998.00 BRL/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Brazil to stand at 998.00 in 12 months time. In the long-term, the Brazil Minimum Monthly Wages is projected to trend around 1120.00 BRL/Month in 2020, according to our econometric models.