Monthly minimum wage in Monaco
Monaco: Monthly minimum wage was 2,018 in 2024. ▲ Rising
Monthly minimum wage in Monaco, 2014–2024
Source: International Labour Organization.
Analysis
In 2024, monthly minimum wage in Monaco stood at 2,018. That is the highest value across all 6 years on record.
That represents a change of up 3.4% on the previous year and up 22.2% over ten years.
Over the whole period, monthly minimum wage in Monaco peaked at 2,018 in 2024 and was at its lowest, 1,651, in 2014.
Monaco ranks 104th of 173 countries on this measure, in the middle of the range.
Monthly minimum wage in Monaco, year by year
| Year | Value | Change |
|---|---|---|
| 2014 | 1,651 | — |
| 2020 | 1,758 | +6.5% |
| 2021 | 1,775 | +1.0% |
| 2022 | 1,879 | +5.9% |
| 2023 | 1,952 | +3.9% |
| 2024 | 2,018 | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1,651 | 1,651 | 1,651 | 1 |
| 2020s | 1,876 | 1,758 | 2,018 | 5 |
Countries ranked near Monaco
- 101 Netherlands 2,338 compare
- 102 Belgium 2,234 compare
- 103 Cuba 2,100 compare
- 105 United Kingdom 1,981 compare
- 106 Cook Islands 1,974 compare
- 107 China (People’s Republic of) 1,930 compare
More work & labour data for Monaco
- Population - Est. & Proj. — Urban population 45.69 1000 No (2050)
- Population - Est. & Proj. — Total Population - Both sexes, annual 0.6528 % change on previous year (2100)
- Population - Est. & Proj. — Urban population, annual growth rate 0.5392 % change on previous year (2050)
- Population - Est. & Proj. — Total Population - Male, annual growth 0.6534 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth 0.6479 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male 23.88 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 47.49 1000 No (2100)
- Population - Est. & Proj. — Rural population 0 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 23.61 1000 No (2100)
- Population - Est. & Proj. — Total Population - Female, per unit of GDP 0 1000 No per US$ of GDP (2024)
Frequently asked questions
- What is monthly minimum wage in Monaco?
- Monthly minimum wage in Monaco was 2,018 in 2024, according to International Labour Organization.
- What is the highest monthly minimum wage recorded in Monaco?
- The highest recorded value was 2,018 in 2024.
- What is the lowest monthly minimum wage recorded in Monaco?
- The lowest recorded value was 1,651 in 2014.
- How does Monaco rank for monthly minimum wage?
- Monaco ranks 104th out of 173 countries with data for 2024.
- Is monthly minimum wage rising or falling in Monaco?
- Over the last ten years it is up 22.2%. The long-run trend across the full record is rising.
- Where does this Monaco 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 — 6 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.