Minimum Wage by Country December 2024

Minimum wages differ substantially across countries, with some nations offering significantly higher wages than others. This analysis presents the minimum wage by country in USD per month, highlighting the countries with the highest and lowest wages.

Which countries offer the highest minimum wage?

The top-paying countries with the highest minimum wage rates are:
1. Switzerland - $5011.60
2. Mauritius - $3394.80
3. Iceland - $3127.60
4. Luxembourg - $2790.00
5. Papua New Guinea - $2711.40
6. Australia - $2661.00
7. New Zealand - $2531.70
8. United Kingdom - $2470.60
9. Ireland - $2329.20
10. Netherlands - $2315.90

Switzerland tops the list with a monthly minimum wage of $5011.60, far surpassing other nations. Mauritius and Iceland follow with impressive wages of over $3000 per month. Other high-paying countries, including Luxembourg and Papua New Guinea, maintain wages above $2700 per month, ensuring workers receive significantly higher compensation compared to global averages.

Which countries have the lowest minimum wage?

The countries with the lowest minimum wages are:
1. Cambodia - $0.10
2. Zambia - $0.10
3. Sudan - $0.80
4. Zimbabwe - $0.60
5. Rwanda - $2.20
6. Syria - $3.90
7. Georgia - $7.40
8. Monaco - $12.70
9. Central African Republic - $57.70
10. Burkina Faso - $57.10

At the bottom of the list, Cambodia and Zambia report a staggering minimum wage of just $0.10 per month, underscoring significant disparities in labor compensation. Other nations, such as Sudan, Zimbabwe, and Rwanda, also offer very low wages, reflecting ongoing economic struggles and underdevelopment in these regions. However, some countries, including Monaco and Georgia, still rank among the lowest despite having relatively higher wages compared to the absolute lowest.

What factors contribute to variations in minimum wage worldwide?

The stark contrast between high and low minimum wages is primarily influenced by the cost of living, economic development, and labor laws in each country. Countries with a higher cost of living, such as Switzerland, can afford to pay workers more, while nations with weaker economies or lower living costs often pay far less. Economic conditions, governmental policies, and the availability of labor also play crucial roles in determining wage levels.

Minimum Wage by Country December 2024 (USD Per Month, December 2024)

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December 2024

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December 2024

Rank	Country	USD Per Month
1	Switzerland	5011.6
2	Mauritius	3394.8
3	Iceland	3127.6
4	Luxembourg	2790
5	Papua New Guinea	2711.4
6	Australia	2661
7	New Zealand	2531.7
8	United Kingdom	2470.6
9	Ireland	2329.2
10	Netherlands	2315.9
11	Belgium	2246.9
12	Germany	2229
13	Canada	2184.5
14	Fiji	2070.6
15	France	1917.5
16	San Marino	1909.9
17	Israel	1612.3
18	South Korea	1596.3
19	Andorra	1520.8
20	Spain	1435.7
21	Slovenia	1360.7
22	Japan	1296.7
23	Iran	1263.7
24	United States	1256.7
25	Lebanon	1200
26	Mauritania	1139.8
27	Bahamas	1125.8
28	Poland	1091.7
29	Cyprus	1085.2
30	Saudi Arabia	1066.7
31	Greece	1050.8
32	Portugal	1038.2
33	Malta	1004.2
34	Lithuania	1002.7
35	Hungary	953.5
36	Croatia	911.6
37	Taiwan	894.8
38	Estonia	889.9
39	Hong Kong	887
40	Palau	883
41	Oman	845.3
42	Czech Republic	830.2
43	Slovakia	813.9
44	Romania	806.1
45	Bahrain	797.9
46	Latvia	759.6
47	Barbados	736.7
48	Costa Rica	685.1
49	Marshall Islands	624
50	Turkey	621.9
51	Serbia	588.7
52	Uruguay	583
53	Montenegro	577.9
54	Dominica	577.8
54	Saint Kitts and Nevis	577.8
55	Antigua and Barbuda	577.3
56	Trinidad and Tobago	524.1
57	Belize	519.6
58	Bulgaria	517.7
59	Chile	514.4
60	Panama	482.2
61	Honduras	465.7
62	Seychelles	464.8
63	Ecuador	460
64	Grenada	444.4
65	Albania	430.1
66	Guatemala	427.1
67	North Macedonia	388.9
68	Palestine	388.8
69	Saint Vincent and the Grenadines	385.2
70	Paraguay	384.5
71	Maldives	370.5
72	Jordan	366.2
73	Turkmenistan	365.7
74	Jamaica	365.1
75	El Salvador	365
76	Bolivia	361.8
77	Dominican Republic	357.3
78	Bosnia and Herzegovina	352.8
79	Colombia	340.1
80	Argentina	337.1
81	Vanuatu	330.6
82	Indonesia	328.7
83	Malaysia	326.8
84	Mexico	319.1
85	Morocco	315.4
86	Brazil	291
87	Guyana	288.5
88	Moldova	282.5
89	Peru	278.4
90	Qatar	274.7
91	China	271.8
92	Iraq	266.7
93	South Africa	261.6
94	Thailand	260.9
95	Gabon	247.3
96	Kuwait	243.9
97	Samoa	227.9
98	Belarus	217
99	Russia	214.5
100	Equatorial Guinea	212.7
101	Nicaragua	210.1
102	Libya	207.8
102	Vietnam	207.8
103	Azerbaijan	202.9
104	Solomon Islands	198.7
105	Republic of the Congo	197.8
106	Ukraine	197.5
107	Egypt	194.2
108	Mongolia	193.5
109	Kazakhstan	187
110	Armenia	185.3
111	Kiribati	179.6
112	Tunisia	160.3
113	Nepal	152.2
114	Philippines	149.4
115	Algeria	149
116	Mozambique	148.6
117	Botswana	140.5
118	Pakistan	131.3
119	Cape Verde	127.7
120	Haiti	126.3
121	Ivory Coast	123.6
122	Comoros	117.7
123	Timor-Leste	115
124	Bangladesh	113.6
125	Suriname	113.1
126	Kenya	102.5
127	Lesotho	102
128	Chad	98.9
129	Senegal	95.4
130	DR Congo	92.5
131	Liberia	91
132	Togo	86.6
133	Benin	85.7
134	Uzbekistan	85
135	Angola	84.5
136	Laos	77.8
137	Tajikistan	73
138	Nigeria	72.3
139	Afghanistan	71.6
140	Cameroon	69
141	Mali	65.9
142	Tanzania	59.9
143	Myanmar	59.4
144	Central African Republic	57.7
145	Burkina Faso	57.1
146	India	55.6
147	Sri Lanka	54.1
148	Niger	49.5
149	Malawi	46.7
150	Guinea	46
151	Bhutan	45.4
152	Madagascar	41.7
153	Ghana	39.7
154	Sierra Leone	37.6
155	Uganda	34.4
156	Guinea-Bissau	31.4
157	Kyrgyzstan	28.4
158	Eswatini	25.7
159	Ethiopia	24.9
160	Gambia	21.3
161	Monaco	12.7
162	Georgia	7.4
163	Syria	3.9
164	Rwanda	2.2
165	Burundi	1.6
166	Sudan	0.8
167	Zimbabwe	0.6
168	Cambodia	0.1
168	Zambia	0.1