Monthly minimum wage in Paraguay
Paraguay: Monthly minimum wage was 2.80 million in 2024. ▲ Rising
Monthly minimum wage in Paraguay, 1995–2024
Source: International Labour Organization.
Analysis
Paraguay recorded 2.80 million for monthly minimum wage in 2024. That is the highest value across all 30 years on record.
That represents a change of up 22.2% on the previous year and up 53.4% over ten years.
Over the whole period, monthly minimum wage in Paraguay peaked at 2.80 million in 2024 and was at its lowest, 436,425, in 1995.
Paraguay ranks 5th of 173 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Monthly minimum wage in Paraguay, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 436,425 | — |
| 1996 | 480,067 | +10.0% |
| 1997 | 528,075 | +10.0% |
| 1998 | 591,444 | +12.0% |
| 1999 | 591,445 | +0.0% |
| 2000 | 680,162 | +15.0% |
| 2001 | 782,186 | +15.0% |
| 2002 | 876,048 | +12.0% |
| 2003 | 972,413 | +11.0% |
| 2004 | 972,413 | +0.0% |
| 2005 | 1.09 million | +12.0% |
| 2006 | 1.22 million | +12.0% |
| 2007 | 1.34 million | +10.0% |
| 2008 | 1.34 million | +0.0% |
| 2009 | 1.41 million | +5.0% |
| 2010 | 1.51 million | +7.0% |
| 2011 | 1.66 million | +10.0% |
| 2012 | 1.66 million | +0.0% |
| 2013 | 1.66 million | +0.0% |
| 2014 | 1.82 million | +10.0% |
| 2015 | 1.82 million | +0.0% |
| 2016 | 1.96 million | +7.7% |
| 2017 | 2.04 million | +3.9% |
| 2018 | 2.11 million | +3.5% |
| 2019 | 2.19 million | +3.8% |
| 2020 | 2.19 million | +0.0% |
| 2021 | 2.29 million | +4.4% |
| 2022 | 2.29 million | +0.0% |
| 2023 | 2.29 million | +0.0% |
| 2024 | 2.80 million | +22.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 525,491 | 436,425 | 591,445 | 5 |
| 2000s | 1.07 million | 680,162 | 1.41 million | 10 |
| 2010s | 1.84 million | 1.51 million | 2.19 million | 10 |
| 2020s | 2.37 million | 2.19 million | 2.80 million | 5 |
Countries ranked near Paraguay
More work & labour data for Paraguay
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.23 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.2175 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.2425 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.2 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.9753 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 6,607 1000 No (2050)
- Population - Est. & Proj. — Rural population 2,290 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 4,534 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 4,514 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 9,048 1000 No (2100)
Frequently asked questions
- What is monthly minimum wage in Paraguay?
- Monthly minimum wage in Paraguay was 2.80 million in 2024, according to International Labour Organization.
- What is the highest monthly minimum wage recorded in Paraguay?
- The highest recorded value was 2.80 million in 2024.
- What is the lowest monthly minimum wage recorded in Paraguay?
- The lowest recorded value was 436,425 in 1995.
- How does Paraguay rank for monthly minimum wage?
- Paraguay ranks 5th out of 173 countries with data for 2024.
- Is monthly minimum wage rising or falling in Paraguay?
- Over the last ten years it is up 53.4%. The long-run trend across the full record is rising.
- Where does this Paraguay 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.