Monthly minimum wage, annual growth rate in Thailand
Thailand: Monthly minimum wage, annual growth rate was 2.9 % change on previous year in 2024. ◆ Volatile
Monthly minimum wage, annual growth rate in Thailand, 1996–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for monthly minimum wage, annual growth rate in Thailand is 2.9 % change on previous year, measured in 2024.
Over the whole period, monthly minimum wage, annual growth rate in Thailand peaked at 39.77 % change on previous year in 2012 and was at its lowest, -18.85 % change on previous year, in 2008.
That places Thailand 87th out of 168 countries with data for 2024, putting it 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 Thailand, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 8.28 % change on previous year | — |
| 1997 | 0 % change on previous year | -100.0% |
| 1998 | 3.18 % change on previous year | — |
| 1999 | 0 % change on previous year | -100.0% |
| 2000 | 0 % change on previous year | — |
| 2001 | 1.85 % change on previous year | — |
| 2002 | 0 % change on previous year | -100.0% |
| 2003 | 2.42 % change on previous year | — |
| 2004 | 0.5917 % change on previous year | -75.6% |
| 2005 | 4.71 % change on previous year | +695.3% |
| 2006 | 3.37 % change on previous year | -28.4% |
| 2007 | 3.8 % change on previous year | +12.9% |
| 2008 | -18.85 % change on previous year | -595.4% |
| 2009 | 0 % change on previous year | -100.0% |
| 2010 | 3.23 % change on previous year | — |
| 2011 | 6.88 % change on previous year | +113.1% |
| 2012 | 39.77 % change on previous year | +478.4% |
| 2013 | 25.52 % change on previous year | -35.8% |
| 2014 | 0 % change on previous year | -100.0% |
| 2015 | 0 % change on previous year | — |
| 2016 | 0 % change on previous year | — |
| 2017 | 1.67 % change on previous year | — |
| 2018 | 3.28 % change on previous year | +96.7% |
| 2019 | 0 % change on previous year | -100.0% |
| 2020 | 1.59 % change on previous year | — |
| 2021 | 0 % change on previous year | -100.0% |
| 2022 | 4.69 % change on previous year | — |
| 2023 | 0 % change on previous year | -100.0% |
| 2024 | 2.9 % change on previous year | — |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.87 % change on previous year | 0 % change on previous year | 8.28 % change on previous year | 4 |
| 2000s | -0.2099 % change on previous year | -18.85 % change on previous year | 4.71 % change on previous year | 10 |
| 2010s | 8.03 % change on previous year | 0 % change on previous year | 39.77 % change on previous year | 10 |
| 2020s | 1.84 % change on previous year | 0 % change on previous year | 4.69 % change on previous year | 5 |
Countries ranked near Thailand
- 84 Indonesia 3.38 % change on previous year compare
- 85 Spain 3.19 % change on previous year compare
- 86 Poland 3 % change on previous year compare
- 88 Jersey 2.8 % change on previous year compare
- 89 South Korea 2.49 % change on previous year compare
- 90 Luxembourg 2.48 % change on previous year compare
More work & labour data for Thailand
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.7473 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.7165 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.7773 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -2.09 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.1451 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 45,410 1000 No (2050)
- Population - Est. & Proj. — Rural population 19,963 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 23,079 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 22,476 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 45,555 1000 No (2100)
Frequently asked questions
- What is monthly minimum wage, annual growth rate in Thailand?
- Monthly minimum wage, annual growth rate in Thailand was 2.9 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage, annual growth rate recorded in Thailand?
- The highest recorded value was 39.77 % change on previous year in 2012.
- What is the lowest monthly minimum wage, annual growth rate recorded in Thailand?
- The lowest recorded value was -18.85 % change on previous year in 2008.
- How does Thailand rank for monthly minimum wage, annual growth rate?
- Thailand ranks 87th out of 168 countries with data for 2024.
- Where does this Thailand 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.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
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
- Monthly minimum wage International Labour Organization
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
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.