Monthly minimum wage (Local currency), annual growth rate in United Kingdom
United Kingdom: Monthly minimum wage (Local currency), annual growth rate was 9.79 % change on previous year in 2024. ◆ Volatile
Monthly minimum wage (Local currency), annual growth rate in United Kingdom, 2000–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
United Kingdom recorded 9.79 % change on previous year for monthly minimum wage (local currency), annual growth rate in 2024.
Compared with earlier readings it is down 33.1% on the previous year and up 334.1% over ten years.
Over the whole period, monthly minimum wage (local currency), annual growth rate in United Kingdom peaked at 14.64 % change on previous year in 2023 and was at its lowest, 0 % change on previous year, in 2000.
United Kingdom ranks 45th of 168 countries on this measure, 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 United Kingdom, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2000 | 0 % change on previous year | — |
| 2001 | 3.04 % change on previous year | — |
| 2002 | 10.66 % change on previous year | +250.5% |
| 2003 | 2.52 % change on previous year | -76.4% |
| 2004 | 7.37 % change on previous year | +192.6% |
| 2005 | 7.67 % change on previous year | +4.1% |
| 2006 | 3.88 % change on previous year | -49.5% |
| 2007 | 6.26 % change on previous year | +61.5% |
| 2008 | 3.17 % change on previous year | -49.3% |
| 2009 | 4.06 % change on previous year | +28.1% |
| 2010 | 0.8439 % change on previous year | -79.2% |
| 2011 | 2.3 % change on previous year | +172.7% |
| 2012 | 2.66 % change on previous year | +15.5% |
| 2013 | 1.59 % change on previous year | -40.1% |
| 2014 | 2.25 % change on previous year | +41.5% |
| 2015 | 2.97 % change on previous year | +31.8% |
| 2016 | 11.08 % change on previous year | +272.8% |
| 2017 | 4.19 % change on previous year | -62.2% |
| 2018 | 4.59 % change on previous year | +9.4% |
| 2019 | 4.62 % change on previous year | +0.6% |
| 2020 | 6.25 % change on previous year | +35.4% |
| 2021 | 2.18 % change on previous year | -65.1% |
| 2022 | 6.62 % change on previous year | +204.0% |
| 2023 | 14.64 % change on previous year | +121.1% |
| 2024 | 9.79 % change on previous year | -33.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.86 % change on previous year | 0 % change on previous year | 10.66 % change on previous year | 10 |
| 2010s | 3.71 % change on previous year | 0.8439 % change on previous year | 11.08 % change on previous year | 10 |
| 2020s | 7.9 % change on previous year | 2.18 % change on previous year | 14.64 % change on previous year | 5 |
Countries ranked near United Kingdom
- 42 Turkmenistan 10.34 % change on previous year compare
- 43 Nicaragua 10.1 % change on previous year compare
- 44 Honduras 9.99 % change on previous year compare
- 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
More work & labour data for United Kingdom
- Persons outside the labour force (ILO modelled estimates) 22,956 (2027)
- Labour force participation rate (ILO modelled estimates) 60.91 (2027)
- Labour force (ILO modelled estimates) 35,770 (2027)
- Employment-to-population ratio (ILO modelled estimates) 57.91 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.47 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.4352 % change on previous year (2027)
- Legislation on sexual harassment in employment 1 (2023)
- Criminal penalties or civil remedies sexual harassment in employment 1 (2023)
- Women can take the same jobs as men 1 (2023)
- Labor force participation rate, total (% of total population ages 15+) 61.4% (2025)
Frequently asked questions
- What is monthly minimum wage (local currency), annual growth rate in United Kingdom?
- Monthly minimum wage (local currency), annual growth rate in United Kingdom was 9.79 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), annual growth rate recorded in United Kingdom?
- The highest recorded value was 14.64 % change on previous year in 2023.
- What is the lowest monthly minimum wage (local currency), annual growth rate recorded in United Kingdom?
- The lowest recorded value was 0 % change on previous year in 2000.
- How does United Kingdom rank for monthly minimum wage (local currency), annual growth rate?
- United Kingdom ranks 45th out of 168 countries with data for 2024.
- Is monthly minimum wage (local currency), annual growth rate rising or falling in United Kingdom?
- Over the last ten years it is up 334.1%. The long-run trend across the full record is volatile.
- Where does this United Kingdom 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 — 25 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.