Brazil Minimum Monthly Wages - Forecast

Minimum Wages in Brazil is expected to be 1090.00 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 1090.00 in 12 months time. In the long-term, the Brazil Minimum Monthly Wages is projected to trend around 1280.00 BRL/Month in 2020, according to our econometric models.


Brazil Minimum Monthly Wages
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Brazil Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 11.8 11.8 11.4 11.2 10.9 9.8
Employed Persons 92.11 91.2 91.1 91.52 91 92
Unemployed Persons 12.31 12.9 12.9 12.16 12 9
Labor Force Participation Rate 61.9 61.9 61.9 61.44 62 62.8
Labour Costs 127 122 122 122 125 139
Wages 2154 2058 2025 2089 2100 2500
Minimum Wages 954 1090 1090 1090 1090 1280
Population 206 208 208 209 209 212
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 65 65 65 65 65 65
Living Wage Family 2380 2400 2400 2400 2400 2450
Living Wage Individual 1450 1467 1473 1479 1486 1474
Productivity 127 122 123 122 145 162
Non Farm Payrolls -329 25 58 56.47 30 20
Employment Rate 54.5 54.5 54.4 54.61 54.9 56
Wages High Skilled 4280 4430 4430 4430 4430 4600
Wages In Manufacturing 2113 2150 2150 2200 2230 2380
Wages Low Skilled 1310 1300 1300 1300 1300 1450