Living Wage Family in Mexico increased to 7900 MXN/Month in 2018 from 7700 MXN/Month in 2017.

Living Wage Family in Mexico averaged 7832.50 MXN/Month from 2015 until 2018, reaching an all time high of 7900 MXN/Month in 2016 and a record low of 7700 MXN/Month in 2017.

Living Wage Family in Mexico is expected to be 8360.00 MXN/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Living Wage Family is projected to trend around 8500.00 MXN/Month in 2020, according to our econometric models.

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Mexico Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
7900.00 7700.00 7900.00 7700.00 2015 - 2018 MXN/Month yearly

Mexico Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.

Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.90 3.40 6.42 2.22 percent [+]
Employed Persons 55201939.00 54936719.00 55201939.00 37970852.00 [+]
Unemployed Persons 2147638.00 2014496.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 60.20 60.20 61.47 58.18 percent [+]
Labour Costs 97.40 96.20 130.60 71.50 points [+]
Productivity 93.60 90.50 104.70 85.00 points [+]
Wages 378.13 375.78 380.72 129.28 MXN/Day [+]
Wages in Manufacturing 2.60 2.60 3.80 2.00 USD/Hour [+]
Minimum Wages 123.22 102.68 123.22 0.01 MXN/Day [+]
Population 125.33 124.04 125.33 38.68 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wages Low Skilled 5390.00 5280.00 5390.00 4870.00 MXN/Month [+]
Wages High Skilled 17200.00 15600.00 17200.00 13700.00 MXN/Month [+]
Living Wage Family 7900.00 7700.00 7900.00 7700.00 MXN/Month [+]
Living Wage Individual 4320.00 4130.00 4320.00 4130.00 MXN/Month [+]
Employment Rate 97.09 96.56 97.23 93.58 percent [+]