Minimum Wages | Forecast | 2017-2020

This page provides forecasts for Minimum Wages including a long-term outlook for the next decades, medium-term expectations for the next four quarters and short-term market predictions.


Last 2017 2018 2019 2020
United States 7.25 Dec/17 7.25 7.5 7.75 7.75
China 2300.00 Apr/17 2300 2430 2500 2620
Japan 823.00 Dec/17 823 860 880 900
Germany 8.84 Jan/17 8.84 9.5 10 10.5
United Kingdom 7.50 Apr/17 7.5 8 8.5 9
France 1480.27 Jun/17   1480 1500 1520 1530
Brazil 937.00 Sep/17 937 1090 1190 1280
Canada 11.40 Jan/17 11.4 11.5 12 12
South Korea 6470.00 Jan/17 6470 6700 6900 7100
Russia 7500.00 Jan/17 7500 8900 9500 10100
Spain 825.65 Jun/17   826 826 826 845
Australia 694.90 Jul/17 695 705 740 760
Mexico 80.04 Sep/17 80.04 86.02 91.41 96.17
Indonesia 3.35 Jan/17 3.35 3.9 4.2 4.5
Turkey 1777.50 Jan/17 1778 1830 1880 1930
Last 2017 2018 2019 2020
Albania 24000.00 Jun/17   24235 24409 24336 24247
Angola 15003.00 Dec/17   16300 17700 19200 20500
Argentina 8860.00 Oct/17   8857 10200 10450 10510
Armenia 55000.00 Jul/17   65000 65000 70000 75000
Australia 694.90 Jul/17 695 705 740 760
Azerbaijan 116.00 Jan/17   103 123 116 116
Belarus 265.00 Jan/17 265 282 296 325
Belgium 1531.93 Jun/17   1532 1558 1571 1585
Bolivia 2000.00 Dec/17   1958 2229 2324 2455
Brazil 937.00 Sep/17 937 1090 1190 1280
Bulgaria 235.20 Jun/17   230 230 230 230
Cambodia 153.00 Jan/17 153 170 185 200
Canada 11.40 Jan/17 11.4 11.5 12 12
Chile 265000.00 Jan/17   276000 276000 285000 295000
China 2300.00 Apr/17 2300 2430 2500 2620
Costa Rica 4968.51 Sep/17   4968 4964 4960 4957
Croatia 433.35 Jun/17   414 418 420 423
Czech Republic 407.09 Jun/17   368 378 385 400
Egypt 1200.00 Jan/17 1200 1200 1400 1400
Estonia 470.00 Jun/17   450 470 480 500
France 1480.27 Jun/17   1480 1500 1520 1530
Germany 8.84 Jan/17 8.84 9.5 10 10.5
Greece 683.76 Jun/17   684 684 684 684
Hong Kong 34.50 May/17 34.5 35.5 38 40
Hungary 411.52 Jun/17   364 372 386 400
Indonesia 3.35 Jan/17 3.35 3.9 4.2 4.5
Ireland 1563.25 Jun/17 1563 1572 1590 1600
Israel 5000.00 Jan/17   4881 5000 5000 5300
Japan 823.00 Dec/17 823 860 880 900
Kazakhstan 24459.00 Jan/17   24500 25900 27700 30000
Kyrgyzstan 1140.00 Dec/17 1140 1220 1340 1500
Latvia 380.00 Jun/17 380 390 400 410
Lithuania 380.00 Jun/17   370 380 390 400
Luxembourg 1998.59 Jun/17   2005 2056 2085 2098
Macedonia 231.40 Jun/17   234 230 224 219
Malaysia 1000.00 Dec/17 1000 1500 1500 2000
Malta 735.63 Jun/17 736 1135 1535 1535
Mexico 80.04 Sep/17 80.04 86.02 91.41 96.17
Montenegro 288.05 Jun/17 288 288 288 288
Mozambique 3642.00 Apr/17   3257 3647 3503 3443
Myanmar 3600.00 Dec/16 3600 3600 3600 3600
Netherlands 1551.60 Jun/17   1530 1540 1550 1560
New Zealand 15.75 Apr/17   15.25 16 16.25 16.75
Papua New Guinea 140.00 Dec/17 140 155 160 170
Paraguay 2041.12 Jul/17   2040 2037 2034 2031
Peru 850.00 Aug/17   849 846 844 841
Poland 453.48 Jun/17 453 470 485 500
Portugal 649.83 Jun/17 650 670 689 700
Romania 275.39 Jun/17   250 266 280 300
Russia 7500.00 Jan/17 7500 8900 9500 10100
Serbia 249.69 Jun/17   240 234 238 235
Slovakia 435.00 Jun/17   425 450 470 490
Slovenia 804.96 Jun/17   795 800 804 810
South Korea 6470.00 Jan/17 6470 6700 6900 7100
Spain 825.65 Jun/17   826 826 826 845
Taiwan 21009.00 Dec/17 21009 22000 23200 24500
Thailand 305.00 Dec/17 305 340 380 420
Turkey 1777.50 Jan/17 1778 1830 1880 1930
Ukraine 3200.00 Jan/17   1874 6458 7136 7451
United Kingdom 7.50 Apr/17 7.5 8 8.5 9
United States 7.25 Dec/17 7.25 7.5 7.75 7.75
Venezuela 250532.00 Jul/17   369509 613430 796602 919422
Vietnam 3750.00 Jan/17 3750 4050 4400 4700