Minimum Wages in Israel remained unchanged at 5300 ILS/Month in 2019 from 5300 ILS/Month in 2018. Israel Minimum Monthly Wages - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Minimum Wages in Israel averaged 3677.63 ILS/Month from 1997 until 2019, reaching an all time high of 5300 ILS/Month in 2017 and a record low of 2348.88 ILS/Month in 1997. This page provides - Israel Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in Israel is expected to reach 5500.00 ILS/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Minimum Monthly Wages is projected to trend around 5500.00 ILS/Month in 2021, according to our econometric models.

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Israel Minimum Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
5300.00 5300.00 5300.00 2348.88 1997 - 2019 ILS/Month yearly

Israel Minimum Monthly Wages
In Israel, the minimum wage refers to the lowest gross wage per month. In December 2014 it was announced that the minimum wage would gradually be increase over the course of the next two years: on April 1, 2015 to NIS 4,650; then to NIS 4,825 in July 2016, and finally to NIS 5,000 in January 2017. In January 2015, 700,00 Israelis workers were under the minimum wage.