Monthly minimum wage (Local currency), annual growth rate in Australia
Australia: Monthly minimum wage (Local currency), annual growth rate was 8.65 % change on previous year in 2024. ▲ Rising
Monthly minimum wage (Local currency), annual growth rate in Australia, 1999–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, monthly minimum wage (local currency), annual growth rate in Australia stood at 8.65 % change on previous year. That is the highest value across all 26 years on record.
The figure is up 67.0% on the previous year and up 187.9% over ten years.
Over the whole period, monthly minimum wage (local currency), annual growth rate in Australia peaked at 8.65 % change on previous year in 2024 and was at its lowest, 0 % change on previous year, in 2009.
That places Australia 47th out of 168 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Monthly minimum wage (Local currency), annual growth rate in Australia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 3.92 % change on previous year | — |
| 2000 | 3.21 % change on previous year | -18.0% |
| 2001 | 3.89 % change on previous year | +21.1% |
| 2002 | 3.23 % change on previous year | -17.1% |
| 2003 | 4.36 % change on previous year | +34.9% |
| 2004 | 3.96 % change on previous year | -9.1% |
| 2005 | 4.22 % change on previous year | +6.6% |
| 2006 | 3.7 % change on previous year | -12.2% |
| 2007 | 5.62 % change on previous year | +51.7% |
| 2008 | 6.24 % change on previous year | +11.0% |
| 2009 | 0 % change on previous year | -100.0% |
| 2010 | 4.8 % change on previous year | — |
| 2011 | 3.4 % change on previous year | -29.1% |
| 2012 | 2.9 % change on previous year | -14.8% |
| 2013 | 2.61 % change on previous year | -10.2% |
| 2014 | 3.01 % change on previous year | +15.3% |
| 2015 | 2.5 % change on previous year | -16.9% |
| 2016 | 2.4 % change on previous year | -3.7% |
| 2017 | 3.3 % change on previous year | +37.2% |
| 2018 | 3.5 % change on previous year | +6.0% |
| 2019 | 3 % change on previous year | -14.1% |
| 2020 | 1.76 % change on previous year | -41.6% |
| 2021 | 2.49 % change on previous year | +42.1% |
| 2022 | 5.16 % change on previous year | +106.8% |
| 2023 | 5.18 % change on previous year | +0.5% |
| 2024 | 8.65 % change on previous year | +67.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.92 % change on previous year | 3.92 % change on previous year | 3.92 % change on previous year | 1 |
| 2000s | 3.84 % change on previous year | 0 % change on previous year | 6.24 % change on previous year | 10 |
| 2010s | 3.14 % change on previous year | 2.4 % change on previous year | 4.8 % change on previous year | 10 |
| 2020s | 4.65 % change on previous year | 1.76 % change on previous year | 8.65 % change on previous year | 5 |
Countries ranked near Australia
- 44 Honduras 9.99 % change on previous year compare
- 45 United Kingdom 9.79 % change on previous year compare
- 46 Cyprus 8.8 % change on previous year compare
- 48 Mozambique 8.57 % change on previous year compare
- 49 South Africa 8.5 % change on previous year compare
- 50 Brazil 8.45 % change on previous year compare
More work & labour data for Australia
- Population - Est. & Proj. — Total Population - Both sexes, annual 0.5057 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth 0.4907 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth 0.5202 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -0.9895 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.8931 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 30,186 1000 No (2050)
- Population - Est. & Proj. — Rural population 3,001 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 21,642 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 21,502 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 43,144 1000 No (2100)
Frequently asked questions
- What is monthly minimum wage (local currency), annual growth rate in Australia?
- Monthly minimum wage (local currency), annual growth rate in Australia was 8.65 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), annual growth rate recorded in Australia?
- The highest recorded value was 8.65 % change on previous year in 2024.
- What is the lowest monthly minimum wage (local currency), annual growth rate recorded in Australia?
- The lowest recorded value was 0 % change on previous year in 2009.
- How does Australia rank for monthly minimum wage (local currency), annual growth rate?
- Australia ranks 47th out of 168 countries with data for 2024.
- Is monthly minimum wage (local currency), annual growth rate rising or falling in Australia?
- Over the last ten years it is up 187.9%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage (Local currency), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 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 (Local currency). 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 (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.