Paraguay Minimum Monthly Wage - Forecast

Minimum Wages in Paraguay is expected to be 2041.12 PYG Thousand/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Paraguay to stand at 2110.00 in 12 months time. In the long-term, the Paraguay Minimum Monthly Wage is projected to trend around 2250.00 PYG Thousand/Month in 2020, according to our econometric models.


Paraguay Minimum Monthly Wage
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Paraguay Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 7.6 8.5 7.6 7 7.5 7.4
Minimum Wages 2041 2041 2110 2110 2110 2250
Population 6.85 7.4 6.92 6.94 6.97 7.3
Unemployed Persons 93052 102262 102262 102262 102262 102262
Living Wage Family 2338000 2338000 2338000 2338000 2438000 2438000
Living Wage Individual 1445700 1445700 1445700 1445700 1445700 1445700
Wages High Skilled 5018400 5038400 5038400 5038400 5038400 5068400
Wages In Manufacturing 260 275 278 278 290 300
Wages Low Skilled 2672000 2752000 2752000 2752000 2752000 2800000
Employed Persons 1126552 1131472 1131472 1131472 1131472 1131472