Wages in Manufacturing in Mexico decreased to 2.40 USD/Hour in February from 2.80 USD/Hour in January of 2020.

Wages in Manufacturing in Mexico averaged 2.61 USD/Hour from 2007 until 2020, reaching an all time high of 3.80 USD/Hour in December of 2013 and a record low of 2 USD/Hour in January of 2017. This page provides - Mexico Average Wages in Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Nominal Hourly Wages in Manufacturing - values, historical data and charts - was last updated on May of 2020. source: Instituto Nacional de Estadística y Geografía (INEGI)

Wages in Manufacturing in Mexico is expected to be 2.70 USD/Hour by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in Mexico to stand at 2.90 in 12 months time. In the long-term, the Mexico Nominal Hourly Wages in Manufacturing is projected to trend around 3.20 USD/Hour in 2021 and 3.30 USD/Hour in 2022, according to our econometric models.

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Mexico Nominal Hourly Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.80 3.80 2.00 2007 - 2020 USD/Hour Monthly
Current Prices, NSA

Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.90 3.60 6.42 2.22 percent [+]
Employed Persons 55352304.00 55683450.00 55683450.00 37970852.00 [+]
Unemployed Persons 1976060.00 1942071.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 59.80 60.10 61.47 58.18 percent [+]
Labour Costs 88.70 102.60 132.40 71.50 points [+]
Productivity 92.70 94.10 104.70 85.00 points [+]
Wages 403.62 399.28 403.62 129.28 MXN/Day [+]
Wages in Manufacturing 2.40 2.80 3.80 2.00 USD/Hour [+]
Minimum Wages 123.22 123.22 123.22 0.01 MXN/Day [+]
Population 126.58 125.33 126.58 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 High Skilled 17200.00 15600.00 17200.00 13700.00 MXN/Month [+]
Wages Low Skilled 5390.00 5280.00 5390.00 4870.00 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 97.06 96.43 97.23 93.58 percent [+]