Wages in Manufacturing in Mexico remained unchanged at 2.60 USD/Hour in September from 2.60 USD/Hour in August of 2019. Wages in Manufacturing in Mexico averaged 2.60 USD/Hour from 2007 until 2019, 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. source: Instituto Nacional de Estadística y Geografía (INEGI)

Wages in Manufacturing in Mexico is expected to be 2.90 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 2.50 in 12 months time. In the long-term, the Mexico Nominal Hourly Wages in Manufacturing is projected to trend around 3.00 USD/Hour in 2020, according to our econometric models.

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Mexico Nominal Hourly Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.60 3.80 2.00 2007 - 2019 USD/Hour Monthly
Current Prices, NSA
Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.50 3.60 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 60.40 61.47 58.18 percent [+]
Labour Costs 96.20 94.30 130.60 71.50 points [+]
Productivity 90.50 93.40 104.70 85.00 points [+]
Wages 375.78 373.22 380.72 129.28 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 96.56 96.35 97.23 93.58 percent [+]