Monthly minimum wage in Bolivia
Bolivia: Monthly minimum wage was 2,500 in 2024. ◆ Volatile
Monthly minimum wage in Bolivia, 1995–2024
Source: International Labour Organization.
Analysis
Bolivia recorded 2,500 for monthly minimum wage in 2024. That is the highest value across all 30 years on record.
The figure is up 5.8% on the previous year and up 73.6% over ten years.
Over the whole period, monthly minimum wage in Bolivia peaked at 2,500 in 2024 and was at its lowest, 205, in 1995.
Bolivia ranks 98th of 173 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 in Bolivia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 205 | — |
| 1996 | 223 | +8.8% |
| 1997 | 240 | +7.6% |
| 1998 | 300 | +25.0% |
| 1999 | 320 | +6.7% |
| 2000 | 355 | +10.9% |
| 2001 | 400 | +12.7% |
| 2002 | 430 | +7.5% |
| 2003 | 440 | +2.3% |
| 2004 | 440 | +0.0% |
| 2005 | 440 | +0.0% |
| 2006 | 500 | +13.6% |
| 2007 | 525 | +5.0% |
| 2008 | 577.5 | +10.0% |
| 2009 | 647 | +12.0% |
| 2010 | 679.5 | +5.0% |
| 2011 | 815.4 | +20.0% |
| 2012 | 1,000 | +22.6% |
| 2013 | 1,200 | +20.0% |
| 2014 | 1,440 | +20.0% |
| 2015 | 1,656 | +15.0% |
| 2016 | 1,805 | +9.0% |
| 2017 | 2,000 | +10.8% |
| 2018 | 2,060 | +3.0% |
| 2019 | 2,122 | +3.0% |
| 2020 | 2,122 | +0.0% |
| 2021 | 2,164 | +2.0% |
| 2022 | 2,250 | +4.0% |
| 2023 | 2,362 | +5.0% |
| 2024 | 2,500 | +5.8% |
Bolivia compared with similar countries
- Bolivia's 2,500 is below the median for lower middle income countries, which is 12,004, 21% of the median. (42 countries reporting)
- Bolivia's 2,500 is below the median for Latin America & Caribbean, which is 2,922, 86% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 257.6 | 205 | 320 | 5 |
| 2000s | 475.45 | 355 | 647 | 10 |
| 2010s | 1,478 | 679.5 | 2,122 | 10 |
| 2020s | 2,280 | 2,122 | 2,500 | 5 |
Countries ranked near Bolivia
- 95 Luxembourg 2,771 compare
- 96 Rwanda 2,600 compare
- 97 Kyrgyzstan 2,534 compare
- 99 Ireland 2,391 compare
- 100 Germany 2,343 compare
- 101 Netherlands 2,338 compare
More work & labour data for Bolivia
- Persons outside the labour force (ILO modelled estimates) 1,928 (2027)
- Labour force participation rate (ILO modelled estimates) 79.04 (2027)
- Labour force (ILO modelled estimates) 7,271 (2027)
- Unemployment rate (ILO modelled estimates) 2.58 (2027)
- Labour dependency ratio 0.823 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 17,718 (2027)
- Output per worker, GDP constant 2015 US $ 5,806 (2027)
- Employment-to-population ratio (ILO modelled estimates) 77 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 0.9059 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 2.01 % change on previous year (2027)
Frequently asked questions
- What is monthly minimum wage in Bolivia?
- Monthly minimum wage in Bolivia was 2,500 in 2024, according to International Labour Organization.
- What is the highest monthly minimum wage recorded in Bolivia?
- The highest recorded value was 2,500 in 2024.
- What is the lowest monthly minimum wage recorded in Bolivia?
- The lowest recorded value was 205 in 1995.
- How does Bolivia rank for monthly minimum wage?
- Bolivia ranks 98th out of 173 countries with data for 2024.
- Is monthly minimum wage rising or falling in Bolivia?
- Over the last ten years it is up 73.6%. The long-run trend across the full record is volatile.
- Where does this Bolivia data come from?
- The figures come from International Labour Organization, published as part of Monthly minimum wage. 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.