Monthly minimum wage (Local currency), annual growth rate in Guatemala
Guatemala: Monthly minimum wage (Local currency), annual growth rate was 6.35 % change on previous year in 2024. ◆ Volatile
Monthly minimum wage (Local currency), annual growth rate in Guatemala, 1996–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for monthly minimum wage (local currency), annual growth rate in Guatemala is 6.35 % change on previous year, measured in 2024.
That represents a change of down 0.9% on the previous year and up 26.9% over ten years.
Over the whole period, monthly minimum wage (local currency), annual growth rate in Guatemala peaked at 35.04 % change on previous year in 2000 and was at its lowest, -9.22 % change on previous year, in 2008.
That places Guatemala 63rd 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 Guatemala, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 8.7 % change on previous year | — |
| 1997 | 0 % change on previous year | -100.0% |
| 1998 | 10.5 % change on previous year | — |
| 1999 | 8.9 % change on previous year | -15.2% |
| 2000 | 35.04 % change on previous year | +293.8% |
| 2001 | 10.77 % change on previous year | -69.3% |
| 2002 | 6.48 % change on previous year | -39.8% |
| 2003 | 10.96 % change on previous year | +69.0% |
| 2004 | 12.85 % change on previous year | +17.3% |
| 2005 | 0 % change on previous year | -100.0% |
| 2006 | 8.26 % change on previous year | — |
| 2007 | 4.23 % change on previous year | -48.8% |
| 2008 | -9.22 % change on previous year | -317.7% |
| 2009 | 7.22 % change on previous year | -178.3% |
| 2010 | 7.69 % change on previous year | +6.6% |
| 2011 | 13.75 % change on previous year | +78.8% |
| 2012 | 6.75 % change on previous year | -50.9% |
| 2013 | 5 % change on previous year | -25.9% |
| 2014 | 5 % change on previous year | -0.0% |
| 2015 | 5 % change on previous year | +0.0% |
| 2016 | 4 % change on previous year | -20.0% |
| 2017 | 6.14 % change on previous year | +53.5% |
| 2018 | 3.75 % change on previous year | -38.9% |
| 2019 | 0.0011 % change on previous year | -100.0% |
| 2020 | 3.02 % change on previous year | +275565.0% |
| 2021 | 0 % change on previous year | -100.0% |
| 2022 | 4.58 % change on previous year | — |
| 2023 | 6.4 % change on previous year | +40.0% |
| 2024 | 6.35 % change on previous year | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.02 % change on previous year | 0 % change on previous year | 10.5 % change on previous year | 4 |
| 2000s | 8.66 % change on previous year | -9.22 % change on previous year | 35.04 % change on previous year | 10 |
| 2010s | 5.71 % change on previous year | 0.0011 % change on previous year | 13.75 % change on previous year | 10 |
| 2020s | 4.07 % change on previous year | 0 % change on previous year | 6.4 % change on previous year | 5 |
Countries ranked near Guatemala
- 60 Romania 6.79 % change on previous year compare
- 61 Estonia 6.77 % change on previous year compare
- 62 Hong Kong 6.67 % change on previous year compare
- 64 Vietnam 5.98 % change on previous year compare
- 65 Iceland 5.9 % change on previous year compare
- 66 Bolivia 5.84 % change on previous year compare
More work & labour data for Guatemala
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.3404 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.3121 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.3683 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -0.6261 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 1.73 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 18,121 1000 No (2050)
- Population - Est. & Proj. — Rural population 8,847 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 13,041 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 12,871 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 25,912 1000 No (2100)
Frequently asked questions
- What is monthly minimum wage (local currency), annual growth rate in Guatemala?
- Monthly minimum wage (local currency), annual growth rate in Guatemala was 6.35 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), annual growth rate recorded in Guatemala?
- The highest recorded value was 35.04 % change on previous year in 2000.
- What is the lowest monthly minimum wage (local currency), annual growth rate recorded in Guatemala?
- The lowest recorded value was -9.22 % change on previous year in 2008.
- How does Guatemala rank for monthly minimum wage (local currency), annual growth rate?
- Guatemala ranks 63rd out of 168 countries with data for 2024.
- Is monthly minimum wage (local currency), annual growth rate rising or falling in Guatemala?
- Over the last ten years it is up 26.9%. The long-run trend across the full record is volatile.
- Where does this Guatemala 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.