Minimum Wages in Brazil remained unchanged at 998 BRL/Month in December from 998 BRL/Month in November of 2019. Minimum Wages in Brazil averaged 436.91 BRL/Month from 1994 until 2019, reaching an all time high of 998 BRL/Month in January of 2019 and a record low of 64.79 BRL/Month in August of 1994. source: The Institute for Applied Economic Research (IPEA)

Minimum Wages in Brazil is expected to be 998.00 BRL/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Brazil to stand at 1050.00 in 12 months time. In the long-term, the Brazil Minimum Monthly Wages is projected to trend around 1120.00 BRL/Month in 2020, according to our econometric models.

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Brazil Minimum Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
998.00 998.00 998.00 64.79 1994 - 2019 BRL/Month Monthly
Current Prices, NSA

Brazil Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.20 11.60 13.70 6.20 percent [+]
Employed Persons 94.42 94.06 94.42 87.63 Million [+]
Unemployed Persons 11.86 12.37 14.11 6.01 Million [+]
Labor Force Participation Rate 62.00 62.10 62.10 60.80 percent [+]
Labour Costs 97.17 107.54 181.87 39.60 points [+]
Wages 2332.00 2317.00 2335.00 2178.00 BRL/Month [+]
Minimum Wages 998.00 998.00 998.00 64.79 BRL/Month [+]
Population 208.49 206.80 208.49 72.74 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Living Wage Family 2360.00 2330.00 2370.00 2320.00 BRL/Month [+]
Living Wage Individual 1390.00 1400.00 1410.00 1360.00 BRL/Month [+]
Non Farm Payrolls 99.23 70.85 309.44 -654.95 Thousand [+]
Productivity 97.17 107.54 181.87 39.60 points [+]
Employment Rate 55.10 54.90 57.30 53.10 percent [+]
Wages High Skilled 4730.00 4040.00 4730.00 3650.00 BRL/Month [+]
Wages In Manufacturing 2282.00 2283.00 2351.00 2178.00 BRL/Month [+]
Wages Low Skilled 1440.00 1160.00 1440.00 1140.00 BRL/Month [+]