Minimum Wages - Forecast - 2018-2020

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 2018 2019 2020
United States 7.25 Dec/17 7.25 7.75 7.75
China 2300.00 Apr/17 2430 2500 2620
Japan 848.00 Dec/18 848 870 900
Germany 8.84 Jan/18 8.84 9.5 9.5
United Kingdom 7.83 Apr/18 7.83 8 8.5
France 1480.27 Dec/17 1500 1520 1550
Brazil 937.00 Dec/17 1090 1190 1280
Canada 14.00 Dec/18 14 15 15
South Korea 7530.00 Dec/18 7530 8200 8800
Russia 11163.00 May/18 11163 12000 12000
Spain 825.65 Dec/17 850 870 900
Australia 694.90 Jul/17 705 740 760
Mexico 88.36 Dec/17 88.36 95.45 102
Indonesia 3.60 Jan/18 3.6 3.8 4.1
Turkey 2029.50 Jun/18 2030 2280 2530
Last 2018 2019 2020
Albania 24000.00 Sep/17 24000 25000 25000
Angola 15003.00 Dec/17 15003 16000 17000
Argentina 9500.00 Jan/18 9500 10000 11000
Armenia 55000.00 Jul/17 60000 60000 65000
Australia 694.90 Jul/17 705 740 760
Azerbaijan 130.00 Dec/18 130 145 150
Belarus 305.00 Jan/18 305 326 341
Belgium 1562.59 Dec/17 1563 1575 1585
Bolivia 2000.00 Dec/17 2000 2200 2300
Brazil 937.00 Dec/17 1090 1190 1280
Bulgaria 235.20 Dec/17 250 265 280
Cambodia 170.00 Jan/18 170 190 210
Canada 14.00 Dec/18 14 15 15
Cape Verde 13000.00 Jan/18 13000 13000 14000
Chile 276000.00 Jan/18 276000 285000 295000
China 2300.00 Apr/17 2430 2500 2620
Costa Rica 4968.51 Dec/17 4961 4958 4954
Croatia 442.09 Dec/17 463 480 540
Czech Republic 419.90 Dec/17 440 470 510
Ecuador 375.00 Dec/17 375 380 390
Egypt 1200.00 Jan/17 2000 2000 2000
Estonia 470.00 Dec/17 500 540 590
France 1480.27 Dec/17 1500 1520 1550
Germany 8.84 Jan/18 8.84 9.5 9.5
Greece 683.76 Dec/17 684 684 684
Hong Kong 34.50 May/17 34.5 36 40
Hungary 412.66 Dec/17 450 500 550
Indonesia 3.60 Jan/18 3.6 3.8 4.1
Ireland 1563.25 Dec/17 1580 1600 1620
Israel 5300.00 Dec/17 5300 5500 5700
Japan 848.00 Dec/18 848 870 900
Kazakhstan 24459.00 Jan/17 25459 27700 30000
Kyrgyzstan 1200.00 Dec/18 1200 1250 1300
Latvia 380.00 Dec/17 390 400 410
Lithuania 380.00 Dec/17 380 390 400
Luxembourg 1998.59 Dec/17 1999 2050 2100
Macedonia 231.40 Jun/17 240 250 260
Malaysia 1000.00 Dec/17 1100 1200 1400
Malta 735.63 Dec/17 800 850 900
Mexico 88.36 Dec/17 88.36 95.45 102
Montenegro 288.05 Jun/17 288 288 288
Mozambique 3642.00 Apr/17 3800 4000 4000
Myanmar 4800.00 Dec/18 4800 4800 5300
Netherlands 1551.60 Jun/17 1570 1590 1620
New Zealand 16.50 Apr/18 16.5 17 17.5
Papua New Guinea 140.00 Dec/17 140 150 170
Paraguay 2041.12 Dec/17 2110 2180 2250
Peru 850.00 Dec/17 850 900 900
Poland 473.27 Dec/17 490 540 590
Portugal 649.83 Dec/17 677 700 720
Romania 318.52 Dec/17 340 380 420
Russia 11163.00 May/18 11163 12000 12000
Serbia 247.93 Jun/17 250 260 270
Slovakia 435.00 Dec/17 450 480 510
Slovenia 804.96 Dec/17 805 825 850
South Korea 7530.00 Dec/18 7530 8200 8800
Spain 825.65 Dec/17 850 870 900
Sri Lanka 10000.00 Dec/17 10000 10000 10000
Taiwan 22000.00 Dec/18 22000 23200 24500
Thailand 305.00 Dec/17 308 308 315
Turkey 2029.50 Jun/18 2030 2280 2530
Ukraine 3723.00 Jan/18 3723 4400 5100
United Kingdom 7.83 Apr/18 7.83 8 8.5
United States 7.25 Dec/17 7.25 7.75 7.75
Venezuela 797510.00 Jan/18 797510 850000 1000000
Vietnam 3980.00 Jan/18 3980 4210 4450