What is the difference in monthly minimum wage (local currency), per capita between Iceland and Paraguay?

0.6962 units per person, with Iceland ahead.

How many years of comparable data are there for Iceland and Paraguay?

6 years are reported by both, from 2019 to 2024.

Where does this data come from?

Statizoid (derived), published as Monthly minimum wage (Local currency), per capita. Statizoid refreshes it automatically from the source and publishes the full history for both places.

Iceland vs Paraguay: Monthly minimum wage (Local currency), per capita

Iceland

1.1 units per person

in 2024

Paraguay

0.4038 units per person

in 2024

Iceland rank

2nd

Paraguay rank

5th

Monthly minimum wage (Local currency), per capita over time

Iceland
Paraguay

How they compare

Iceland currently reports 1.1 units per person against 0.4038 units per person in Paraguay, a difference of 0.6962 units per person.

That makes Iceland's figure about 2.7 times Paraguay's.

Across all 6 years both countries report, Iceland has been ahead every year.

Iceland ranks 2nd and Paraguay ranks 5th of 170 countries.

Iceland has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade	Iceland	Paraguay	Difference	Ahead
2010s	0.832 units per person	0.3366 units per person	0.4955 units per person	Iceland
2020s	0.993 units per person	0.3503 units per person	0.6427 units per person	Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher monthly minimum wage (local currency), per capita, Iceland or Paraguay?: Iceland, at 1.1 units per person against 0.4038 units per person in Paraguay as of 2024.
What is the difference in monthly minimum wage (local currency), per capita between Iceland and Paraguay?: 0.6962 units per person, with Iceland ahead.
How many years of comparable data are there for Iceland and Paraguay?: 6 years are reported by both, from 2019 to 2024.
How do Iceland and Paraguay rank globally for monthly minimum wage (local currency), per capita?: Iceland ranks 2nd and Paraguay ranks 5th of 170 countries.
Where does this data come from?: Statizoid (derived), published as Monthly minimum wage (Local currency), per capita. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Paraguay: Monthly minimum wage (Local currency), per capita. Statizoid, drawing on Statizoid (derived). Retrieved 28 August 2026, from https://labour.statizoid.com/compare/monthly-minimum-wage-local-currency-per-capita/iceland/paraguay/

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<a href="https://labour.statizoid.com/compare/monthly-minimum-wage-local-currency-per-capita/iceland/paraguay/">Iceland vs Paraguay: Monthly minimum wage (Local currency), per capita</a> — Statizoid

About this data

Indicator: Monthly minimum wage (Local currency), per capita
Unit: units per person
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 170 places, 3,872 data points, 1980–2025
Last refreshed: 28 August 2026

Monthly minimum wage (Local currency) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.