Monthly minimum wage (Local currency), annual growth rate in Canada
Canada: Monthly minimum wage (Local currency), annual growth rate was 7.09 % change on previous year in 2024. ◆ Volatile
Monthly minimum wage (Local currency), annual growth rate in Canada, 1996–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Canada recorded 7.09 % change on previous year for monthly minimum wage (local currency), annual growth rate in 2024.
The figure is down 21.4% on the previous year and up 34.8% over ten years.
Over the whole period, monthly minimum wage (local currency), annual growth rate in Canada peaked at 12.5 % change on previous year in 2021 and was at its lowest, -3.15 % change on previous year, in 2008.
That places Canada 56th 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 (Local currency), annual growth rate in Canada, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 1.82 % change on previous year | — |
| 1997 | 0.7666 % change on previous year | -57.9% |
| 1998 | 0.7608 % change on previous year | -0.8% |
| 1999 | 0 % change on previous year | -100.0% |
| 2000 | 0 % change on previous year | — |
| 2001 | 0.6711 % change on previous year | — |
| 2002 | 1.5 % change on previous year | +123.5% |
| 2003 | 0.6568 % change on previous year | -56.2% |
| 2004 | 3.18 % change on previous year | +384.3% |
| 2005 | 3.08 % change on previous year | -3.1% |
| 2006 | 2.99 % change on previous year | -3.0% |
| 2007 | 3.28 % change on previous year | +9.5% |
| 2008 | -3.15 % change on previous year | -196.1% |
| 2009 | 3.23 % change on previous year | -202.5% |
| 2010 | 0 % change on previous year | -100.0% |
| 2011 | 9.37 % change on previous year | — |
| 2012 | 5.94 % change on previous year | -36.6% |
| 2013 | 2.48 % change on previous year | -58.2% |
| 2014 | 5.26 % change on previous year | +112.1% |
| 2015 | 3 % change on previous year | -43.0% |
| 2016 | 1.94 % change on previous year | -35.3% |
| 2017 | 2.42 % change on previous year | +24.5% |
| 2018 | 2.31 % change on previous year | -4.6% |
| 2019 | 1.36 % change on previous year | -40.9% |
| 2020 | 7.6 % change on previous year | +457.8% |
| 2021 | 12.5 % change on previous year | +64.4% |
| 2022 | 5.56 % change on previous year | -55.6% |
| 2023 | 9.03 % change on previous year | +62.5% |
| 2024 | 7.09 % change on previous year | -21.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8372 % change on previous year | 0 % change on previous year | 1.82 % change on previous year | 4 |
| 2000s | 1.54 % change on previous year | -3.15 % change on previous year | 3.28 % change on previous year | 10 |
| 2010s | 3.41 % change on previous year | 0 % change on previous year | 9.37 % change on previous year | 10 |
| 2020s | 8.36 % change on previous year | 5.56 % change on previous year | 12.5 % change on previous year | 5 |
Countries ranked near Canada
- 53 Croatia 8.25 % change on previous year compare
- 54 Ukraine 8.09 % change on previous year compare
- 55 Czechia 7.69 % change on previous year compare
- 57 Tunisia 7.02 % change on previous year compare
- 58 Andorra 7.01 % change on previous year compare
- 59 North Macedonia 6.85 % change on previous year compare
More work & labour data for Canada
- Population - Est. & Proj. — Total Population - Both sexes, annual 0.3281 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth 0.3334 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth 0.3231 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.29 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.6552 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 39,234 1000 No (2050)
- Population - Est. & Proj. — Rural population 5,715 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 26,798 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 26,814 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 53,612 1000 No (2100)
Frequently asked questions
- What is monthly minimum wage (local currency), annual growth rate in Canada?
- Monthly minimum wage (local currency), annual growth rate in Canada was 7.09 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), annual growth rate recorded in Canada?
- The highest recorded value was 12.5 % change on previous year in 2021.
- What is the lowest monthly minimum wage (local currency), annual growth rate recorded in Canada?
- The lowest recorded value was -3.15 % change on previous year in 2008.
- How does Canada rank for monthly minimum wage (local currency), annual growth rate?
- Canada ranks 56th out of 168 countries with data for 2024.
- Is monthly minimum wage (local currency), annual growth rate rising or falling in Canada?
- Over the last ten years it is up 34.8%. The long-run trend across the full record is volatile.
- Where does this Canada 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 — 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 (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.