Countries by Monthly Statutory Minimum Wage 2024

About This Dataset

Countries ranked by statutory national minimum wage converted to USD per month at 2024 exchange rates, according to ILO and OECD data. Luxembourg has the world's highest statutory minimum wage, ensuring workers receive the equivalent of over $2,800 per month — a floor that reflects the country's extraordinary cost of living, strong labour protections, and an economy dominated by high-margin financial services and European Union institutions.

✨ AI Insight

The gap between the highest and lowest minimum wages is striking, with Luxembourg's $2,860 dwarfed by the United States' $1,256. This disparity reflects not only economic conditions but also varying approaches to labor rights and social safety nets. Countries like Germany and the Netherlands, with minimum wages of $2,150 and $2,130 respectively, showcase robust labor protections, while the U.S. continues to lag behind despite its high cost of living. The trend suggests that nations prioritizing worker welfare tend to implement higher minimum wages, which can help reduce income inequality and improve overall living standards.

Source: Wikipedia

Key Findings

Auto-computed highlights from this dataset

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Luxembourg leads with 2,860 in 2024.

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Average value in 2024: 2,170 · median: 2,140.

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Gap in 2024: Luxembourg is 2.3× larger than United States.