Mexico Average Daily Wages - Forecast

Wages in Mexico is expected to be 334.00 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 347.00 in 12 months time. In the long-term, the Mexico Average Daily Wages is projected to trend around 377.00 MXN/Day in 2020, according to our econometric models.


Mexico Average Daily Wages
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Mexico Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.1 3.4 3.6 3.8 3.5 4
Employed Persons 52865845 53300000 53000000 53400000 53600000 55000000
Unemployed Persons 1830793 1848706 1818325 1869178 2050000 22800000
Labor Force Participation Rate 59.1 60 60.2 60.3 60 61
Labour Costs 105 89.73 89.92 90.35 102 105
Productivity 104 105 105 105 111 115
Wages 348 334 348 338 347 377
Wages in Manufacturing 2.9 2.3 2.3 2.2 2.4 2.4
Minimum Wages 88.36 88.36 88.36 88.36 88.36 102
Population 122 125 125 124 125 128
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Wages Low Skilled 5560 5000 5000 5000 5000 5800
Wages High Skilled 16700 17200 16200 16200 16200 17800
Living Wage Family 8260 8360 8360 8360 8360 8450
Living Wage Individual 4470 4545 4553 4561 4569 4600
Employment Rate 96.87 96.4 96.5 96.5 96.5 96.4