Real minimum wage

Minimum wage deflated by the CPI, as an index with 2018 = 100; it measures purchasing power, not the amount.

Source
CEPALSTAT (ECLAC)
Unit
index 2018 = 100 (ECLAC)
Frequency
annual
Latest figure
2024 · 14 countries reporting

Guatemala

94.439

2024· 13th of 14· +3.291 vs. previous figure

All data for Guatemala

Regional comparison

Each country’s latest figure

Map of 17 countries

Guatemala

94.439

2024 · 13th of 14 · +3.291

88.876208.61no data

Region: real minimum wage, latest per country

index 2018 = 100 (ECLAC)

Includes only observations that pass this series’ declared semantic review.

069.5139209MexicoMexico209Mexico: 209Dominican RepublicDominican Republic121Dominican Republic: 121ColombiaColombia115Colombia: 115EcuadorEcuador111Ecuador: 111UruguayUruguay107Uruguay: 107BoliviaBolivia107Bolivia: 107Costa RicaCosta Rica106Costa Rica: 106El SalvadorEl Salvador103El Salvador: 103HondurasHonduras102Honduras: 102ParaguayParaguay101Paraguay: 101PanamaPanama101Panama: 101NicaraguaNicaragua98.17Nicaragua: 98.17GuatemalaGuatemala94.44Guatemala: 94.44PeruPeru88.88Peru: 88.88
14 results shown14 source records
Query scope
2 filtersIndicator key: real_minimum_wage_indexYear: from 2023

Over time

Real minimum wage since 2001

Pick the countries to compare; the chart, the CSV and the share link follow your selection.

4 of 10 series
601051501952402014: 80.112015: 85.92016: 89.142017: 94.752018: 1002019: 1042020: 1082021: 1072022: 1102023: 1172024: 1212014: 96.342015: 98.82016: 98.382017: 1002018: 1002019: 96.422020: 96.272021: 92.312022: 90.552023: 91.152024: 94.442014: 87.192015: 89.612016: 91.942017: 95.822018: 1002019: 1122020: 1302021: 1422022: 1602023: 1822024: 2092014: 92.12015: 88.952016: 93.462017: 94.652018: 1002019: 1002020: 98.282021: 94.552022: 93.552023: 90.722024: 88.88Mexico · 209Dominican… · 121Guatemala · 94.44Peru · 88.8820142017201920222024
44 results shown44 source records
Query scope
3 filtersIndicator key: real_minimum_wage_indexCountry: dominican_republic, guatemala, mexico, peruYear: from 2001

All countries

Figure, year and recent change

Rank 1 is the highest value among countries with a recent figure. Change compares with the same country’s previous observation.

#CountryReal minimum wageYearChange
1Mexico208.612024+26.618
2Dominican Republic121.3032024+4.402
3Colombia115.4342024+5.593
4Ecuador110.9132024+0.752
5Uruguay107.1782024+0.667
6Bolivia106.942024+0.846
7Costa Rica106.1592024+2.454
8El Salvador103.4112024−0.883
9Honduras101.6512024+0.777
10Paraguay101.2812024+1.213
11Panama100.6312024+3.673
12Nicaragua98.1692024+4.868
13Guatemala94.4392024+3.291
14Peru88.8762024−1.842

Source and citation

CEPALSTAT: social indicators

CEPALSTAT (ECLAC), via the VerDat PIDA normalized layer.

CEPALSTAT (ECLAC), “Real minimum wage”, retrieved from VerDat PIDA (OEI) on Oct 9, 2026.

Dataset and recordsOpen in the builder

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