Minimum Wages - Forecast - 2018-2020

This page provides forecasts for Minimum Wages including a long-term outlook for the next decades, medium-term expectations for the next four quarters and short-term market predictions.


Last 2018 2019 2020
United States 7.25 Dec/18 7.25 7.5 7.5
China 2420.00 Apr/18 2420 2540 2630
Japan 848.00 Dec/18 848 870 900
Germany 8.84 Jan/18 8.84 9.5 9.5
United Kingdom 7.83 Apr/18 7.83 8 8.5
France 1498.47 Dec/18 1498 1525 1550
Brazil 954.00 Sep/18 954 1050 1190
Canada 14.00 Dec/18 14 15 15
Russia 11163.00 May/18 11163 12000 12000
South Korea 7530.00 Dec/18 7530 8200 8800
Australia 719.20 Jul/18 719 740 760
Spain 858.55 Dec/18 859 880 920
Mexico 88.36 Aug/18 88.36 95.45 102
Indonesia 3.60 Jan/18 3.6 3.8 4.1
Turkey 2029.50 Jun/18 2030 2280 2530
Netherlands 1594.20 Dec/18 1594 1614 1626
Last 2018 2019 2020
Albania 24000.00 Jun/18 24000 25000 25000
Angola 16503.30 Dec/18 15003 16000 17000
Argentina 10700.00 Sep/18 9500 10000 11000
Armenia 55000.00 Jul/18 55000 60000 60000
Australia 719.20 Jul/18 719 740 760
Azerbaijan 130.00 Dec/18 130 145 150
Bangladesh 5300.00 Dec/18 5300 5300 5300
Belarus 305.00 Jan/18 305 326 341
Belgium 1562.59 Dec/18 1563 1575 1585
Bolivia 2060.00 Dec/18 2000 2200 2300
Brazil 954.00 Sep/18 954 1050 1190
Bulgaria 260.76 Dec/18 261 295 340
Cambodia 170.00 Jan/18 170 190 210
Canada 14.00 Dec/18 14 15 15
Cape Verde 13000.00 Jan/18 13000 13000 14000
Chile 276000.00 Jan/18 276000 280000 290000
China 2420.00 Apr/18 2420 2540 2630
Costa Rica 5089.29 Aug/18 5089 5089 5089
Croatia 465.72 Dec/18 466 495 525
Czech Republic 468.87 Dec/18 469 510 550
Ecuador 386.00 Dec/18 375 380 390
Egypt 1200.00 Jan/18 1200 1500 2000
Estonia 500.00 Jun/18 500 540 590
France 1498.47 Dec/18 1498 1525 1550
Germany 8.84 Jan/18 8.84 9.5 9.5
Greece 683.76 Dec/18 684 684 684
Hong Kong 34.50 May/18 34.5 36.5 36.5
Hungary 418.47 Dec/18 418 450 500
Indonesia 3.60 Jan/18 3.6 3.8 4.1
Ireland 1613.95 Dec/18 1614 1660 1720
Israel 5300.00 Dec/17 5300 5500 5700
Japan 848.00 Dec/18 848 870 900
Kazakhstan 28284.00 Jan/18 26500 27700 30000
Kenya 13572.00 May/18 13572 15647 16724
Kyrgyzstan 1200.00 Dec/18 1200 1250 1300
Latvia 430.00 Dec/18 430 480 540
Lithuania 400.00 Dec/18 400 430 450
Luxembourg 1998.59 Dec/18 1999 2050 2100
Macedonia 12165.00 Jul/18 12165 13400 14900
Malaysia 1000.00 Dec/18 1000 1100 1100
Malta 747.54 Dec/18 748 760 772
Mexico 88.36 Aug/18 88.36 95.45 102
Montenegro 288.05 Jun/18 288 288 288
Mozambique 4150.00 Apr/18 3800 4000 4000
Myanmar 4800.00 Dec/18 4800 4800 5100
Netherlands 1594.20 Dec/18 1594 1614 1626
New Zealand 16.50 Apr/18 16.5 18 20
Papua New Guinea 140.00 Mar/18 140 150 170
Paraguay 2112.56 Aug/18 2110 2180 2250
Peru 930.00 Jul/18 850 900 900
Poland 480.20 Dec/18 480 560 615
Portugal 676.67 Dec/18 677 700 720
Romania 407.45 Dec/18 407 450 500
Russia 11163.00 May/18 11163 12000 12000
Serbia 282.51 Dec/18 285 340 380
Slovakia 480.00 Dec/18 480 525 560
Slovenia 842.79 Dec/18 843 880 925
South Korea 7530.00 Dec/18 7530 8200 8800
Spain 858.55 Dec/18 859 880 920
Sri Lanka 10000.00 Dec/17 10000 10000 10000
Taiwan 22000.00 Dec/18 22000 23200 24500
Thailand 325.00 Dec/18 325 334 345
Turkey 2029.50 Jun/18 2030 2280 2530
Ukraine 3723.00 Jan/18 3723 4400 5100
United Kingdom 7.83 Apr/18 7.83 8 8.5
United States 7.25 Dec/18 7.25 7.5 7.5
Venezuela 5196000.00 Jun/18 9000000 14000000 15000000
Vietnam 3980.00 Jan/18 3980 4210 4450