Monthly minimum wage in Guatemala
Guatemala: Monthly minimum wage was 3,343 in 2024. ▲ Rising
Monthly minimum wage in Guatemala, 1995–2024
Source: International Labour Organization.
Analysis
Guatemala recorded 3,343 for monthly minimum wage in 2024. That is the highest value across all 30 years on record.
The figure is up 6.3% on the previous year and up 46.6% over ten years.
Over the whole period, monthly minimum wage in Guatemala peaked at 3,343 in 2024 and was at its lowest, 552, in 1995.
That places Guatemala 91st out of 173 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Monthly minimum wage in Guatemala, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 552 | — |
| 1996 | 600 | +8.7% |
| 1997 | 600 | +0.0% |
| 1998 | 663 | +10.5% |
| 1999 | 722 | +8.9% |
| 2000 | 975 | +35.0% |
| 2001 | 1,080 | +10.8% |
| 2002 | 1,150 | +6.5% |
| 2003 | 1,276 | +11.0% |
| 2004 | 1,440 | +12.9% |
| 2005 | 1,440 | +0.0% |
| 2006 | 1,559 | +8.3% |
| 2007 | 1,625 | +4.2% |
| 2008 | 1,475 | -9.2% |
| 2009 | 1,582 | +7.2% |
| 2010 | 1,703 | +7.7% |
| 2011 | 1,938 | +13.8% |
| 2012 | 2,068 | +6.8% |
| 2013 | 2,172 | +5.0% |
| 2014 | 2,280 | +5.0% |
| 2015 | 2,394 | +5.0% |
| 2016 | 2,490 | +4.0% |
| 2017 | 2,643 | +6.1% |
| 2018 | 2,742 | +3.8% |
| 2019 | 2,742 | +0.0% |
| 2020 | 2,825 | +3.0% |
| 2021 | 2,825 | +0.0% |
| 2022 | 2,954 | +4.6% |
| 2023 | 3,144 | +6.4% |
| 2024 | 3,343 | +6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 627.4 | 552 | 722 | 5 |
| 2000s | 1,360 | 975 | 1,625 | 10 |
| 2010s | 2,317 | 1,703 | 2,742 | 10 |
| 2020s | 3,018 | 2,825 | 3,343 | 5 |
Countries ranked near Guatemala
- 88 Saudi Arabia 4,000 compare
- 89 Bhutan 3,750 compare
- 90 Trinidad and Tobago 3,550 compare
- 92 Morocco 3,120 compare
- 93 Mauritania 3,000 compare
- 94 Canada 2,884 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 in Guatemala?
- Monthly minimum wage in Guatemala was 3,343 in 2024, according to International Labour Organization.
- What is the highest monthly minimum wage recorded in Guatemala?
- The highest recorded value was 3,343 in 2024.
- What is the lowest monthly minimum wage recorded in Guatemala?
- The lowest recorded value was 552 in 1995.
- How does Guatemala rank for monthly minimum wage?
- Guatemala ranks 91st out of 173 countries with data for 2024.
- Is monthly minimum wage rising or falling in Guatemala?
- Over the last ten years it is up 46.6%. The long-run trend across the full record is rising.
- Where does this Guatemala data come from?
- The figures come from International Labour Organization, published as part of Monthly minimum wage (Local currency). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Data refer to the minimum monthly earnings of all employees as of December 31st of each year. Minimum wages are not reported for countries for which collective bargaining is in place for minimum wages. In cases where a national minimum wage is not mandated, the minimum wage in place in the capital or major city is used. In some cases, an average of multiple regional minimum wages is used. In countries where the minimum wage is set at the sectoral level or occupational level, the minimum wage for manufacturing or unskilled workers is generally applied. Data are converted to U.S. dollars as the common currency, using exchange rates or purchasing power parity (PPP) rates rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries. For more information, refer to the Wages and Working Time Statistics (COND) database description.