Brazil Minimum Monthly Wages  Forecast


Brazil Minimum Monthly Wages
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Minimum Wages in Brazil is expected to be 937.00 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 Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 12.2 12.1 11.8 11.4 11.2 9.8
Employed Persons 91.55 91 91.2 91.1 91.09 92
Unemployed Persons 12.74 13.5 12.9 12.9 11.94 9
Labor Force Participation Rate 61.8 61.8 61.9 61.9 61.31 62.8
Labour Costs 135 120 122 122 130 139
Wages 2127 2050 2058 2025 2089 2500
Minimum Wages 937 937 1090 1090 1090 1280
Population 206 207 208 208 209 212
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 65 65 65 65 65 65
Living Wage Family 2380 2382 2385 2386 2387 2386
Living Wage Individual 1450 1461 1473 1479 1486 1477
Productivity 135 138 133 132 130 162
Non Farm Payrolls 76.6 19 25 58 60.03 20
Employment Change -3.6 1.8 -3.5 3 -0.44 1
Employment Rate 54.2 54.4 54.5 54.4 54.34 56
Wages High Skilled 4280 4250 4290 4290 4113 4600
Wages In Manufacturing 2104 2060 2075 2078 2059 2560
Wages Low Skilled 1310 1250 1280 1290 1188 1350