Monthly minimum wage (Local currency), annual growth rate in Mexico
Mexico: Monthly minimum wage (Local currency), annual growth rate was 20 % change on previous year in 2024. ◆ Volatile
Monthly minimum wage (Local currency), annual growth rate in Mexico, 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 Mexico is 20 % change on previous year, measured in 2024.
Compared with earlier readings it is up 0.5% on the previous year and up 413.2% over ten years.
Over the whole period, monthly minimum wage (local currency), annual growth rate in Mexico peaked at 45.29 % change on previous year in 1996 and was at its lowest, 0 % change on previous year, in 1997.
That places Mexico 25th out of 168 countries with data for 2024, putting it in the top quarter.
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 Mexico, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 45.29 % change on previous year | — |
| 1997 | 0 % change on previous year | -100.0% |
| 1998 | 31.33 % change on previous year | — |
| 1999 | 0 % change on previous year | -100.0% |
| 2000 | 10 % change on previous year | — |
| 2001 | 7.01 % change on previous year | -29.9% |
| 2002 | 5.73 % change on previous year | -18.2% |
| 2003 | 4.55 % change on previous year | -20.6% |
| 2004 | 4.17 % change on previous year | -8.4% |
| 2005 | 4.53 % change on previous year | +8.8% |
| 2006 | 4 % change on previous year | -11.8% |
| 2007 | 3.92 % change on previous year | -1.8% |
| 2008 | 3.99 % change on previous year | +1.7% |
| 2009 | 4.62 % change on previous year | +15.8% |
| 2010 | 4.85 % change on previous year | +5.0% |
| 2011 | 4.11 % change on previous year | -15.4% |
| 2012 | 4.63 % change on previous year | +12.9% |
| 2013 | 3.9 % change on previous year | -15.8% |
| 2014 | 3.9 % change on previous year | -0.1% |
| 2015 | 6.89 % change on previous year | +76.8% |
| 2016 | 4.19 % change on previous year | -39.2% |
| 2017 | 20.97 % change on previous year | +400.1% |
| 2018 | 0 % change on previous year | -100.0% |
| 2019 | 16.21 % change on previous year | — |
| 2020 | 20.01 % change on previous year | +23.5% |
| 2021 | 15.01 % change on previous year | -25.0% |
| 2022 | 21.99 % change on previous year | +46.5% |
| 2023 | 19.91 % change on previous year | -9.5% |
| 2024 | 20 % change on previous year | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.15 % change on previous year | 0 % change on previous year | 45.29 % change on previous year | 4 |
| 2000s | 5.25 % change on previous year | 3.92 % change on previous year | 10 % change on previous year | 10 |
| 2010s | 6.97 % change on previous year | 0 % change on previous year | 20.97 % change on previous year | 10 |
| 2020s | 19.38 % change on previous year | 15.01 % change on previous year | 21.99 % change on previous year | 5 |
Countries ranked near Mexico
- 22 Kazakhstan 21.43 % change on previous year compare
- 23 Palau 21.29 % change on previous year compare
- 24 Serbia 20.46 % change on previous year compare
- 26 Mongolia 20 % change on previous year compare
- 27 Trinidad and Tobago 17.12 % change on previous year compare
- 28 Slovenia 15.96 % change on previous year compare
More work & labour data for Mexico
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.5786 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.5539 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.6038 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.41 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.5363 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 144,910 1000 No (2050)
- Population - Est. & Proj. — Rural population 19,369 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 65,616 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 64,633 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 130,249 1000 No (2100)
Frequently asked questions
- What is monthly minimum wage (local currency), annual growth rate in Mexico?
- Monthly minimum wage (local currency), annual growth rate in Mexico was 20 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), annual growth rate recorded in Mexico?
- The highest recorded value was 45.29 % change on previous year in 1996.
- What is the lowest monthly minimum wage (local currency), annual growth rate recorded in Mexico?
- The lowest recorded value was 0 % change on previous year in 1997.
- How does Mexico rank for monthly minimum wage (local currency), annual growth rate?
- Mexico ranks 25th out of 168 countries with data for 2024.
- Is monthly minimum wage (local currency), annual growth rate rising or falling in Mexico?
- Over the last ten years it is up 413.2%. The long-run trend across the full record is volatile.
- Where does this Mexico 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.