International Labour Organization
Uploaded by: Knoema
Accessed On: 16 April, 2019
Data refer to the minimum monthly earnings of all employees as of December 31st of each year. Minimum wages are not reported for countries for which collective bargaining is in place for minimum wages. In cases where a national minimum wage is not mandated, the minimum wage in place in the capital or major city is used. In some cases, an average of multiple regional minimum wages is used. In countries where the minimum wage is set at the sectoral level or occupational level, the minimum wage for manufacturing or unskilled workers is generally applied.This is a harmonized series: (1) data reported as hourly, weekly, and yearly are first converted to monthly, using data on average weekly hours if available, and then converted to constant 2011 PPP dollars using 2011 purchasing power parity (PPP) rates. This allows for international comparisons by taking account of the differences in relative prices between countries.