Minimum Wages in Brazil remained unchanged at 1045 BRL/Month in May from 1045 BRL/Month in April of 2020.
Minimum Wages in Brazil averaged 448.63 BRL/Month from 1994 until 2020, reaching an all time high of 1045 BRL/Month in February of 2020 and a record low of 64.79 BRL/Month in August of 1994. This page provides - Brazil Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil Minimum Monthly Wages - values, historical data and charts - was last updated on June of 2020. source: The Institute for Applied Economic Research (IPEA)
Minimum Wages in Brazil is expected to be 1045.00 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 1120.00 in 12 months time. In the long-term, the Brazil Minimum Monthly Wages is projected to trend around 1120.00 BRL/Month in 2021 and 1190.00 BRL/Month in 2022, according to our econometric models.