Costa Rica vs Iceland: Monthly minimum wage
Monthly minimum wage over time
- Costa Rica
- Iceland
How they compare
Iceland currently reports 425,985 against 358,609 in Costa Rica, a difference of 67,376.
That makes Iceland's figure about 1.2 times Costa Rica's.
The two have swapped places 1 time across 6 shared years of data; in 2019 it was Costa Rica ahead.
Costa Rica ranks 14th and Iceland ranks 13th of 173 countries.
Across the 2 decades both report, Costa Rica averaged higher in 1 and Iceland in 1.
Head to head by decade
| Decade | Costa Rica | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 309,143 | 300,000 | 9,143 | Costa Rica |
| 2020s | 334,043 | 376,444 | 42,401 | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monthly minimum wage, Costa Rica or Iceland?
- Iceland, at 425,985 against 358,609 in Costa Rica as of 2024.
- What is the difference in monthly minimum wage between Costa Rica and Iceland?
- 67,376, with Iceland ahead.
- How many years of comparable data are there for Costa Rica and Iceland?
- 6 years are reported by both, from 2019 to 2024.
- How do Costa Rica and Iceland rank globally for monthly minimum wage?
- Costa Rica ranks 14th and Iceland ranks 13th of 173 countries.
- Where does this data come from?
- International Labour Organization, published as Monthly minimum wage (Local currency). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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. Data are converted to U.S. dollars as the common currency, using exchange rates or purchasing power parity (PPP) rates rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries. For more information, refer to the Wages and Working Time Statistics (COND) database description.