Monthly minimum wage (Local currency), annual growth rate in South Africa
South Africa: Monthly minimum wage (Local currency), annual growth rate was 8.5 % change on previous year in 2024. ▼ Falling
Monthly minimum wage (Local currency), annual growth rate in South Africa, 2004–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, monthly minimum wage (local currency), annual growth rate in South Africa stood at 8.5 % change on previous year.
Compared with earlier readings it is up 0.1% on the previous year and up 1.1% over ten years.
Over the whole period, monthly minimum wage (local currency), annual growth rate in South Africa peaked at 12.09 % change on previous year in 2009 and was at its lowest, -2.03 % change on previous year, in 2010.
South Africa ranks 49th of 168 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Monthly minimum wage (Local currency), annual growth rate in South Africa, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 8.8 % change on previous year | — |
| 2005 | 8.78 % change on previous year | -0.3% |
| 2006 | 5.61 % change on previous year | -36.0% |
| 2007 | 5.98 % change on previous year | +6.5% |
| 2008 | 8.9 % change on previous year | +48.9% |
| 2009 | 12.09 % change on previous year | +35.8% |
| 2010 | -2.03 % change on previous year | -116.8% |
| 2011 | 3.39 % change on previous year | -267.3% |
| 2012 | 8.52 % change on previous year | +150.9% |
| 2013 | 7.03 % change on previous year | -17.4% |
| 2014 | 8.4 % change on previous year | +19.5% |
| 2015 | 9.02 % change on previous year | +7.3% |
| 2016 | 6.08 % change on previous year | -32.6% |
| 2017 | 7.62 % change on previous year | +25.4% |
| 2018 | 7.02 % change on previous year | -7.8% |
| 2019 | 5.82 % change on previous year | -17.1% |
| 2020 | 3.8 % change on previous year | -34.7% |
| 2021 | 4.48 % change on previous year | +17.9% |
| 2022 | 6.92 % change on previous year | +54.4% |
| 2023 | 8.49 % change on previous year | +22.7% |
| 2024 | 8.5 % change on previous year | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.36 % change on previous year | 5.61 % change on previous year | 12.09 % change on previous year | 6 |
| 2010s | 6.09 % change on previous year | -2.03 % change on previous year | 9.02 % change on previous year | 10 |
| 2020s | 6.44 % change on previous year | 3.8 % change on previous year | 8.5 % change on previous year | 5 |
Countries ranked near South Africa
- 46 Cyprus 8.8 % change on previous year compare
- 47 Australia 8.65 % change on previous year compare
- 48 Mozambique 8.57 % change on previous year compare
- 50 Brazil 8.45 % change on previous year compare
- 51 Kyrgyzstan 8.43 % change on previous year compare
- 52 Germany 8.42 % change on previous year compare
More work & labour data for South Africa
- Population - Est. & Proj. — Total Population - Both sexes, annual 0.2264 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth 0.242 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth 0.2122 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.23 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.8748 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 58,057 1000 No (2050)
- Population - Est. & Proj. — Rural population 14,698 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 49,126 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 45,189 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 94,314 1000 No (2100)
Frequently asked questions
- What is monthly minimum wage (local currency), annual growth rate in South Africa?
- Monthly minimum wage (local currency), annual growth rate in South Africa was 8.5 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), annual growth rate recorded in South Africa?
- The highest recorded value was 12.09 % change on previous year in 2009.
- What is the lowest monthly minimum wage (local currency), annual growth rate recorded in South Africa?
- The lowest recorded value was -2.03 % change on previous year in 2010.
- How does South Africa rank for monthly minimum wage (local currency), annual growth rate?
- South Africa ranks 49th out of 168 countries with data for 2024.
- Is monthly minimum wage (local currency), annual growth rate rising or falling in South Africa?
- Over the last ten years it is up 1.1%. The long-run trend across the full record is falling.
- Where does this South Africa 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 — 21 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.