Brazil Minimum Monthly Wages - Forecast

Minimum Wages in Brazil is expected to be 954.00 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 1050.00 in 12 months time. In the long-term, the Brazil Minimum Monthly Wages is projected to trend around 1190.00 BRL/Month in 2020, according to our econometric models.


Forecast Data Chart
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Brazil Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 12.3 12.2 12 11.9 11.7 12.1
Employed Persons 91.66 91.99 91 92.05 92.01 92
Unemployed Persons 12.87 12.96 12.4 12.3 12.4 12
Labor Force Participation Rate 61.4 61.41 62 61.47 61.48 62.8
Labour Costs 105 111 125 109 109 139
Wages 2205 2220 2250 2240 2220 2370
Minimum Wages 954 954 954 1050 1050 1190
Population 208 209 209 210 210 212
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 65 65 65 65 65 65
Living Wage Family 2380 2400 2400 2450 2450 2550
Living Wage Individual 1450 1479 1479 1500 1500 1550
Productivity 105 111 145 109 109 162
Non Farm Payrolls 100 34 -200 45 -0.4 30
Employment Rate 53.9 54.05 54.9 54.03 54.02 56
Wages High Skilled 4280 4430 4430 4500 4500 4600
Wages In Manufacturing 2229 2210 2250 2280 2270 2340
Wages Low Skilled 1310 1350 1350 1400 1400 1450