Mexico Average Daily Wages - Forecast

Wages in Mexico is expected to be 354.00 MXN/Day by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Mexico to stand at 382.00 in 12 months time. In the long-term, the Mexico Average Daily Wages is projected to trend around 397.00 MXN/Day in 2020, according to our econometric models.


Mexico Average Daily Wages
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Mexico Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.2 3.5 3.6 3.6 3.4 3.7
Employed Persons 52865845 53000000 53400000 53600000 52501034 55000000
Unemployed Persons 1830793 1842294 1932453 2050000 1924144 22800000
Labor Force Participation Rate 59.2 60.2 60.3 60 59.81 61
Labour Costs 84 83.59 84.18 102 82.92 105
Productivity 108 105 107 111 106 115
Wages 349 354 352 356 382 397
Wages in Manufacturing 2.4 2.4 2.5 3 2.3 3
Minimum Wages 88.36 88.36 88.36 88.36 95.45 102
Population 124 125 124 125 125 128
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Wages High Skilled 16700 16200 16200 16200 17200 17800
Wages Low Skilled 5560 5000 5000 5000 5650 5800
Living Wage Family 8260 8360 8360 8360 8450 8450
Living Wage Individual 4470 4470 4470 4470 4470 4470
Employment Rate 96.79 96.5 96.5 96.5 96.71 96.4