Minimum Wages in Brazil remained unchanged at 1045 BRL/Month in October from 1045 BRL/Month in September of 2020.

Minimum Wages in Brazil averaged 458.06 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 October 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.

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Brazil Minimum Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
1045.00 1045.00 1045.00 64.79 1994 - 2020 BRL/Month Monthly
Current Prices, NSA

Brazil Labour Last Previous Highest Lowest Unit
Unemployment Rate 13.80 13.30 13.80 6.20 percent [+]
Employed Persons 82.03 83.35 94.55 82.03 Million [+]
Unemployed Persons 13.13 12.79 14.11 6.01 Million [+]
Labor Force Participation Rate 54.70 55.30 62.10 54.70 percent [+]
Labour Costs 72.77 93.82 181.87 39.60 points [+]
Wages 2535.00 2502.00 2535.00 2218.00 BRL/Month [+]
Minimum Wages 1045.00 1045.00 1045.00 64.79 BRL/Month [+]
Population 210.15 208.49 210.15 72.74 Million [+]
Retirement Age Women 62.00 60.00 62.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Productivity 72.77 83.18 181.87 39.60 points [+]
Non Farm Payrolls 249.39 131.01 309.44 -860.50 Thousand [+]
Employment Rate 47.10 47.90 57.30 47.10 percent [+]
Wages In Manufacturing 2599.00 2570.00 2599.00 2217.00 BRL/Month [+]