Ranking of OECD countries by real national minimum wage 2022

Wages were adjusted for purchasing power parity and used 2022 U.S. dollars as the base year.

The source adds: "Real hourly and annual minimum wages are calculated first by deflating the series using the consumer price index taking 2022 as the base year. The series are then converted into a common currency unit (USD) using Purchasing Power Parities (PPPs) for private consumption expenditures in 2022. Real hourly and annual minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 30 OECD countries and six non-member countries for which they are available. The resulting estimates are deflated by national Consumer Price Indices (CPI). The data are then converted into a common currency unit using either US $ current exchange rates or US $ Purchasing Power Parities (PPPs) for private consumption expenditures."

Russian Federation excluded due to a lack of data.