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.


Brazil Minimum Monthly Wages
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Brazil Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 13.1 12.8 12.6 12.9 13 12.1
Employed Persons 90.58 91.1 90.63 91 90.64 92
Unemployed Persons 13.69 12.9 13.57 12 13.57 9
Labor Force Participation Rate 61.6 61.9 61.58 62 61.61 62.8
Labour Costs 136 122 122 125 121 139
Wages 2169 2160 2175 2200 2230 2500
Minimum Wages 954 954 954 954 1050 1190
Population 208 208 209 209 210 212
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 65 65 65 65 65 65
Living Wage Family 2380 2400 2400 2400 2450 2450
Living Wage Individual 1450 1473 1479 1486 1482 1474
Productivity 136 127 131 145 130 162
Non Farm Payrolls 56.15 58 58.21 30 58.15 20
Employment Rate 53.6 54.4 53.56 54.9 54.1 56
Wages High Skilled 4280 4430 4430 4430 4500 4600
Wages In Manufacturing 2199 2150 2200 2230 2240 2480
Wages Low Skilled 1310 1300 1300 1300 1380 1450