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What is the lowest minimum wage in the world?

Finland. Finland has no government-mandated minimum wage. Employers must pay a minimum wage determined by collective bargaining, which is, on average, $388 (3681 Euros) per month.

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Below, we list minimum wages for 67 countries around the world. We list wages in local currency and USD based on the 2023 exchange rate to give you a sense of the local currency’s purchasing power.

Countries with the lowest minimum wages below $500 USD per month:

Albania

Albania’s government-mandated minimum wage amounts to $310.34 (34,000 Lek) per month, which is relatively low for a European country.

Argentina

The minimum monthly salary for employees in Argentina is $340.88 (57,900.00 Argentine pesos). For domestic staff, the minimum wage is as low as $184.96 ($31,416.50 Argentine pesos) per month.

Bangladesh

In Bangladesh, the National Minimum Wage Board determines the minimum wage for each sector. The current minimum wage is $14.52 (1,500 takas) per month for all economic sectors.

Bosnia and Herzegovina

The minimum wage in Bosnia and Herzegovina is $293 (543.00 Bosnia-Herzegovina Convertible Mark) per month.

Brazil

The monthly minimum wage in Brazil varies by state, ranging from $230.82 (1,212.00 Brazilian Real) to $601.62 (3,158.96 Brazilian Real).

Learn more about employer costs for an employee in Brazil.

Bulgaria

The monthly minimum wage in Bulgaria is $382.77 (710 Bulgarian leva).

Colombia

Every January, the Colombian government establishes the minimum wage. The minimum wage per month at the end of 2022 was $207.61(1,000,000 Colombian pesos).

Cuba

Cuba doesn’t have a government-mandated minimum wage. Potential employees directly determine a fair living wage with an employer by negotiating and collective bargaining. The average minimum wage in Cuba comes to around $87 (2,100 Cuban pesos) per month for a 44-hour workweek, although its rate varies by occupation. The Cuban government supplements the minimum wage with free education, housing, subsidized medical care, and food.

El Salvador

The minimum monthly wage in El Salvador varies between sectors:

$359.16 per month for textiles and clothing

$365.00 per month for industry

$365.00 per month commerce and services

$243.46 per month for agriculture

Georgia

Georgia public employees are eligible for a minimum monthly wage of $43.81 (115 Georgian lari). The minimum wage for private-sector workers is $8 (20 Georgian lari) per month.

Guatemala

The minimum wage in Guatemala varies from one sector to another. Workers in the agricultural sector receive $363.26 (2872.55 Guatemalan quetzales) per month, while non-agricultural workers earn a minimum of $374.22 per month. (2959.24 Guatemalan quetzales) per month.

Guinea Bissau

In Guinea Bissau, the minimum wage is $94.94 (59,000 West African Franc) per month.

Indonesia

Indonesia’s district and province authorities establish the minimum wage within each area. Employees make at least $116 (1,812,935.00 Indonesian Rupiah) per month in the province of Central Java and $298 (641,854.00 Indonesian Rupiah) per month in Central Jakarta.

Kazakhstan

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Kazakhstan’s minimum wage rate is $148.85 (70,000.00 Kazakhstani tenge) per month for all full-time employees.

Kyrgyzstan

Kyrgyzstan’s government-mandated minimum wage is $23.19 (1,970 Kyrgyzstani soum) per month.

Malaysia

The minimum wage for City Council or Municipal Council areas in Malaysia is $272.42 (1,200 Malaysian Ringgit) per month.

Montenegro

As of January 2022, the minimum monthly wage in Montenegro amounts to around $475 (450 Euros) for all full-time employees.

Morocco

The minimum wage in Morocco for private sector workers is $281.71 (2,970 Moroccan Dirham) per month and $331.99 (3,500 Moroccan Dirham) per month for the public sector.

Nicaragua

Nicaraqua's minimum monthly wage range varies by industry from $129.43 (4,723.95 Nicaraguan córdobas) to $289.65 (10,571.78 Nicaraguan córdobas).

North Macedonia

The minimum monthly wage in North Macedonia amounts to $308 (18,000.00 Macedonian Denars).

Pakistan

The monthly minimum wage in Pakistan varies by province and occupation. In Punjab, the minimum monthly wage for all industries is $111.23 (25,000.00 Pakistani rupees).

Panama

The minimum wage per month in Panama depends on the sector:

Agriculture: $1.57 (1.57 Panamanian Balboa)

$1.57 (1.57 Panamanian Balboa) Manufacturing: $2.22 (2.22 Panamanian Balboa)

$2.22 (2.22 Panamanian Balboa) Retail: $2.81 (2.81 Panamanian Balboa)

$2.81 (2.81 Panamanian Balboa) Domestic services: $300 (300.00 Panamanian Balboa)

Peru

All private sector workers in Peru are eligible for a minimum monthly wage of $266 (1,025 Peruvian Nuevos soles).

Philippines

In the Philippines, the minimum wage is $10.30 (570 PHP) per day on average, but it varies across regions and occupations.

Russia

The federal minimum wage in Russia is $244.41 (15,279 Russian rubles) per month for all workers.

Serbia

The minimum wage in Serbia for a month with 160 working hours is $388.19 (43,174 Serbian Dinar).

South Africa

In South Africa, the national minimum wage is $1.35 (23,19 South African rand) per hour.

Tanzania

As of July 2013, Tanzania’s minimum wage ranges from $17.15 (40,000 Tanzanian shillings) to $171.38 (400,000 Tanzanian shillings) per month, depending on the sector.

The Central African Republic

The Central African Republic’s government-mandated minimum wage amounts to around $60 (35,000 CFA francs) per month.

Turkey

Turkey’s gross national minimum wage is $407.84 (7,603.43 Turkish lire) per month.

Ukraine

All workers in Ukraine are eligible for a $182.37 (6,700 Ukrainian hryvnia) monthly minimum wage.

Uzbekistan

The minimum wage in Uzbekistan is $81.78 (920,000.00 Uzbekistan Sum) per month.

Venezuela

Venezuela’s national minimum wage is $0.0005 (130.00 Venezuelan Bolivar) per month.

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