Statizoid

Monthly minimum wage, annual growth rate in New Zealand

New Zealand: Monthly minimum wage, annual growth rate was 1.98 % change on previous year in 2024. ◆ Volatile

Latest (2024)
1.98 % change on previous year
Change on year
down 71.7%
World rank
91st
of 168 countries
All-time high
9.76 % change on previous year
in 2007
All-time low
0 % change on previous year
in 1998
Years of data
26
1998–2024

Monthly minimum wage, annual growth rate in New Zealand, 1998–2024

02468101998201120241998: 0 % change on previous year1999: 0 % change on previous year2000: 7.9 % change on previous year2001: 2 % change on previous year2002: 3.9 % change on previous year2003: 6.2 % change on previous year2004: 5.9 % change on previous year2005: 5.6 % change on previous year2006: 7.9 % change on previous year2007: 9.8 % change on previous year2009: 4.2 % change on previous year2010: 2 % change on previous year2011: 2 % change on previous year2012: 3.8 % change on previous year2013: 1.9 % change on previous year2014: 3.6 % change on previous year2015: 3.5 % change on previous year2016: 3.4 % change on previous year2017: 3.3 % change on previous year2018: 4.8 % change on previous year2019: 7.3 % change on previous year2020: 6.8 % change on previous year2021: 5.8 % change on previous year2022: 6 % change on previous year2023: 7 % change on previous year2024: 2 % change on previous year

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

New Zealand recorded 1.98 % change on previous year for monthly minimum wage, annual growth rate in 2024.

Compared with earlier readings it is down 71.7% on the previous year and down 45.5% over ten years.

Over the whole period, monthly minimum wage, annual growth rate in New Zealand peaked at 9.76 % change on previous year in 2007 and was at its lowest, 0 % change on previous year, in 1998.

New Zealand ranks 91st of 168 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Monthly minimum wage, annual growth rate in New Zealand, year by year

Year % change on previous year Change
1998 0 % change on previous year —
1999 0 % change on previous year —
2000 7.86 % change on previous year —
2001 1.99 % change on previous year -74.7%
2002 3.9 % change on previous year +96.1%
2003 6.25 % change on previous year +60.4%
2004 5.88 % change on previous year -5.9%
2005 5.56 % change on previous year -5.6%
2006 7.89 % change on previous year +42.1%
2007 9.76 % change on previous year +23.6%
2009 4.17 % change on previous year -57.3%
2010 2 % change on previous year -52.0%
2011 1.96 % change on previous year -2.0%
2012 3.85 % change on previous year +96.2%
2013 1.85 % change on previous year -51.9%
2014 3.64 % change on previous year +96.4%
2015 3.51 % change on previous year -3.5%
2016 3.39 % change on previous year -3.4%
2017 3.28 % change on previous year -3.3%
2018 4.76 % change on previous year +45.2%
2019 7.27 % change on previous year +52.7%
2020 6.78 % change on previous year -6.8%
2021 5.82 % change on previous year -14.2%
2022 6 % change on previous year +3.1%
2023 6.99 % change on previous year +16.6%
2024 1.98 % change on previous year -71.7%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0 % change on previous year 0 % change on previous year 0 % change on previous year 2
2000s 5.92 % change on previous year 1.99 % change on previous year 9.76 % change on previous year 9
2010s 3.55 % change on previous year 1.85 % change on previous year 7.27 % change on previous year 10
2020s 5.52 % change on previous year 1.98 % change on previous year 6.99 % change on previous year 5

Countries ranked near New Zealand

  1. 88 Jersey 2.8 % change on previous year compare
  2. 89 South Korea 2.49 % change on previous year compare
  3. 90 Luxembourg 2.48 % change on previous year compare
  4. 92 Costa Rica 1.83 % change on previous year compare
  5. 93 New Caledonia 0.9113 % change on previous year compare
  6. 94 Afghanistan 0 % change on previous year compare
  7. 94 Armenia 0 % change on previous year compare
  8. 94 Antigua and Barbuda 0 % change on previous year compare
  9. 94 Azerbaijan 0 % change on previous year compare
  10. 94 Burundi 0 % change on previous year compare
  11. 94 Benin 0 % change on previous year compare
  12. 94 Bangladesh 0 % change on previous year compare
  13. 94 Bahrain 0 % change on previous year
  14. 94 Bahamas 0 % change on previous year compare
  15. 94 Belize 0 % change on previous year compare
  16. 94 Barbados 0 % change on previous year compare
  17. 94 Bhutan 0 % change on previous year compare
  18. 94 Central African Republic 0 % change on previous year
  19. 94 China 0 % change on previous year compare
  20. 94 Cote d'Ivoire 0 % change on previous year compare
  21. 94 Democratic Republic of Congo 0 % change on previous year compare
  22. 94 Congo 0 % change on previous year compare
  23. 94 Comoros 0 % change on previous year compare
  24. 94 Cuba 0 % change on previous year compare
  25. 94 Dominica 0 % change on previous year compare
  26. 94 Algeria 0 % change on previous year compare
  27. 94 Gabon 0 % change on previous year compare
  28. 94 Georgia 0 % change on previous year
  29. 94 Guinea 0 % change on previous year compare
  30. 94 Gambia 0 % change on previous year compare
  31. 94 Guinea-Bissau 0 % change on previous year compare
  32. 94 Equatorial Guinea 0 % change on previous year compare
  33. 94 Grenada 0 % change on previous year compare
  34. 94 Guyana 0 % change on previous year compare
  35. 94 Haiti 0 % change on previous year compare
  36. 94 India 0 % change on previous year compare
  37. 94 Iran 0 % change on previous year compare
  38. 94 Iraq 0 % change on previous year compare
  39. 94 Jordan 0 % change on previous year compare
  40. 94 Kenya 0 % change on previous year compare
  41. 94 Cambodia 0 % change on previous year compare
  42. 94 Kiribati 0 % change on previous year
  43. 94 Saint Kitts and Nevis 0 % change on previous year compare
  44. 94 Kuwait 0 % change on previous year
  45. 94 Laos 0 % change on previous year compare
  46. 94 Liberia 0 % change on previous year
  47. 94 Libya 0 % change on previous year compare
  48. 94 Lesotho 0 % change on previous year compare
  49. 94 Morocco 0 % change on previous year compare
  50. 94 Marshall Islands 0 % change on previous year compare
  51. 94 Mali 0 % change on previous year compare
  52. 94 Myanmar 0 % change on previous year compare
  53. 94 Montenegro 0 % change on previous year compare
  54. 94 Mauritania 0 % change on previous year compare
  55. 94 Malaysia 0 % change on previous year compare
  56. 94 Nigeria 0 % change on previous year compare
  57. 94 Nepal 0 % change on previous year compare
  58. 94 Oman 0 % change on previous year compare
  59. 94 Peru 0 % change on previous year compare
  60. 94 Philippines 0 % change on previous year compare
  61. 94 Papua New Guinea 0 % change on previous year compare
  62. 94 Rwanda 0 % change on previous year compare
  63. 94 Sudan 0 % change on previous year compare
  64. 94 Solomon Islands 0 % change on previous year compare
  65. 94 Sierra Leone 0 % change on previous year compare
  66. 94 El Salvador 0 % change on previous year compare
  67. 94 Suriname 0 % change on previous year compare
  68. 94 Seychelles 0 % change on previous year compare
  69. 94 Syria 0 % change on previous year compare
  70. 94 Chad 0 % change on previous year compare
  71. 94 Togo 0 % change on previous year compare
  72. 94 East Timor 0 % change on previous year compare
  73. 94 Tanzania 0 % change on previous year compare
  74. 94 Uganda 0 % change on previous year
  75. 94 Uruguay 0 % change on previous year compare
  76. 94 United States 0 % change on previous year compare
  77. 94 Uzbekistan 0 % change on previous year compare
  78. 94 Venezuela 0 % change on previous year compare
  79. 94 Vanuatu 0 % change on previous year compare
  80. 94 Zambia 0 % change on previous year compare

See the full ranking of 168 places →

More work & labour data for New Zealand

All data for New Zealand →

Frequently asked questions

What is monthly minimum wage, annual growth rate in New Zealand?
Monthly minimum wage, annual growth rate in New Zealand was 1.98 % change on previous year in 2024, according to Statizoid (derived).
What is the highest monthly minimum wage, annual growth rate recorded in New Zealand?
The highest recorded value was 9.76 % change on previous year in 2007.
What is the lowest monthly minimum wage, annual growth rate recorded in New Zealand?
The lowest recorded value was 0 % change on previous year in 1998.
How does New Zealand rank for monthly minimum wage, annual growth rate?
New Zealand ranks 91st out of 168 countries with data for 2024.
Is monthly minimum wage, annual growth rate rising or falling in New Zealand?
Over the last ten years it is down 45.5%. The long-run trend across the full record is volatile.
Where does this New Zealand data come from?
The figures come from Statizoid (derived), published as part of Monthly minimum wage, annual growth rate. Statizoid updates them automatically from the source API.

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Monthly minimum wage, annual growth rate in New Zealand. Statizoid, drawing on Statizoid (derived). Retrieved 28 August 2026, from https://labour.statizoid.com/stat/monthly-minimum-wage-annual-growth-rate/new-zealand/

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<a href="https://labour.statizoid.com/stat/monthly-minimum-wage-annual-growth-rate/new-zealand/">Monthly minimum wage, annual growth rate in New Zealand</a> — Statizoid

How this figure is calculated

The year-on-year percentage change in Monthly minimum wage. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Monthly minimum wage, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
168 places, 3,741 data points, 1981–2026
Last refreshed

The year-on-year percentage change in Monthly minimum wage. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.