Annual change of minimum wages in G20 countries 2023-2024

Published by
Einar H. Dyvik,
Jul 4, 2024

Of the G20 countries, Argentina saw the largest increase of the net minimum wage from January 2023 to January 2024, with wages increasing by almost 140 percent. This must be seen in relation with the country's soaring inflation rates. The same can be said of Turkey, where minimum wages almost doubled from 2023 to 2024.

Annual change of net minimum monthly wages in G20 countries from January 2023 to January 2024

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Release date

January 2024

Region

Worldwide

Survey time period

January 2023 to January 2024

Supplementary notes

No numbers available for China, Italy, and Japan. The EU is also not included as there is no EU-wide minimum wage.

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