The Mexican government raised the country's minimum daily wage by 20% to MXN 123.22 starting January 1st 2020. It is the biggest wage hike in the last four and half decades. In the northern border region, where wages are higher, the minimum salary was increased by 5% to MXN 185.56. In 2019, wages increased by 16%. Minimum Wages in Mexico averaged 21.72 MXN/Day from 1960 until 2019, reaching an all time high of 102.68 MXN/Day in January of 2019 and a record low of 0.01 MXN/Day in January of 1960. source: Banco de Mexico

Minimum Wages in Mexico is expected to be 123.22 MXN/Day by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Mexico to stand at 123.22 in 12 months time. In the long-term, the Mexico Minimum Daily Wage is projected to trend around 142.90 MXN/Day in 2020, according to our econometric models.

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Mexico Minimum Daily Wage

Actual Previous Highest Lowest Dates Unit Frequency
123.22 102.68 123.22 0.01 1960 - 2020 MXN/Day Monthly
Current Prices, NSA

Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.60 6.42 2.22 percent [+]
Employed Persons 55201939.00 54936719.00 55201939.00 37970852.00 [+]
Unemployed Persons 2147638.00 2014496.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 60.20 60.40 61.47 58.18 percent [+]
Labour Costs 97.40 96.20 130.60 71.50 points [+]
Productivity 93.60 90.50 104.70 85.00 points [+]
Wages 378.13 375.78 380.72 129.28 MXN/Day [+]
Wages in Manufacturing 2.60 2.60 3.80 2.00 USD/Hour [+]
Minimum Wages 123.22 102.68 123.22 0.01 MXN/Day [+]
Population 125.33 124.04 125.33 38.68 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wages Low Skilled 5390.00 5280.00 5390.00 4870.00 MXN/Month [+]
Wages High Skilled 17200.00 15600.00 17200.00 13700.00 MXN/Month [+]
Living Wage Family 7900.00 7700.00 7900.00 7700.00 MXN/Month [+]
Living Wage Individual 4320.00 4130.00 4320.00 4130.00 MXN/Month [+]
Employment Rate 96.56 96.35 97.23 93.58 percent [+]