Minimum Wages in Brazil remained unchanged at 998 BRL/Month in August from 998 BRL/Month in July of 2019. Minimum Wages in Brazil averaged 429.46 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.
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.