Minimum Wages in Brazil remained unchanged at 954 BRL/Month in December from 954 BRL/Month in November of 2018. Minimum Wages in Brazil averaged 413.93 BRL/Month from 1994 until 2018, reaching an all time high of 954 BRL/Month in January of 2018 and a record low of 64.79 BRL/Month in August of 1994.
Minimum Wages in Brazil is expected to be 954.00 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 1190.00 BRL/Month in 2020, according to our econometric models.