Comparative Wages in Selected Countries

COMPARATIVE  WAGES

IN SELECTED COUNTRIES

as of 28 February 2019

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Country/City Daily Minimum Wages Monthly Minimum Wage Exchange

Rate

In Country In US$ In Country In US$
Currency Currency Per US$1*
Bangladesh (Taka) 266.67 a/ 3.20 8,000.00 1/ 96.04 83.3004
Mongolia (Tugrik) 8,000.00 a/ 3.06 240,000.00 2/ 91.79 2614.5300
Myannmar (Kyat) 4,800.00 3/ 3.18 144,000.00 b/ 95.37 1509.9200
Lao PDR
(Kip)
36,666.67 a/ 4.29 1,100,000.00 4/ 128.84 8537.9900
Pakistan
(Rupee)
    500.00 a/   3.57   15,000.00 5/   106.96 140.2340
Cambodia
(Camb Riel)
    22,666.67 a/   5.67   680,000.00 6/   170.00 4000.0000
Vietnam (Region I & II)
(Dong)
123,666.67 139,333.33 a/ 5.34 6.02 3,710,000.00 4,180,000.00 7/ 160.24 180.54 23152.4000
PhL./Region XI 381.00 396.00 8/ 7.24 7.52 11,430.00 11,880.00 b/ 217.10 225.64 52.6494
Phl/Region VII 318.00 386.00 9/ 6.04 7.33 9,540.00 11,580.00 b/ 181.20 219.95 52.6494
Phl./Region III 349.00 400.00 10/ 6.63 7.60 10,470.00 12,000.00 b/ 198.86 227.92 52.6494
Phl/Region IV-A 317.00 400.00 11/ 6.02 7.60 9,510.00 12,000.00 b/ 180.63 227.92 52.6494
Indonesia (Rupiah) 52,364.07 131,365.73 a/ 3.68 9.24 1,570,922.00 3,940,972.00 12/ 110.44 277.07 14223.9000
Malaysia (Ringgit) 36.67 a/ 9.00 1,100.00 13/ 269.99 4.0742
Phl/NCR 500.00 537.00 14/ 9.50 10.20 15,000.00 16,110.00 b/ 284.90 305.99 52.6494
Thailand
(Baht)
308.00 330.00 15/ 9.70 10.39 9,240.00 9,900.00 b/ 290.87 311.65 31.7669
China
(Yuan Renminbi)
47.00 73.33 a/ 6.99 10.91 1,410.00 2,200.00 16/ 209.83 327.39 6.7199
Hongkong
($HK)
276.00 17/ 35.16 8,280.00 b/ 1,054.92 7.8489
Taiwan
(Taiwan Dollar)
1,120.00 18/ 36.29 33,600.00 b/ 1,088.82 30.8591
South Korea
(Won)
66,800.00 19/ 58.79 2,004,000.00 b/ 1,763.82 1136.1700
Japan
(Japan Yen)
5,896.00 7,664.00 20/ 53.37 69.37 176,880.00 229,920.00 b/ 1,601.01 2,081.10 110.4800
New Zealand
(NZ Dollar)
105.60 132.00 21/ 71.88 89.85 3,168.00 3,960.00 b/ 2,156.51 2,695.64 1.4690
Australia
(Aus. Dollar)
151.44 22/ 107.45 4,543.20 b/ 3,223.61 1.4094

1/ Bangladesh:Government sets  minimum wage at 8,000 taka per month for Bangladesh Apparel Workers  effective December 1, 2018.-https://www.dhakatribune.com/business/regulations/2018/09/13/tk8-000-set-as-minimum-wage-for-rmg-workers

2/ Mongolia: (4th protocol) raising the hourly salary to  MNT 1428.60 per hour and the minimum monthly wage up to MNT 240,000. The new wage minimum wage will take effect from 1st January 2017,https://www.news.mn/content/print/300885

3/ Myannmar- National Committee on Minimum Wage set daily minimum Ks4,800, at the rate of Ks600 per hour-effective May 14, 2018.-http://www.moi.gov.mm/moi:eng/?q=news/3/01/2018/id-12464

4/ Lao- The minimum wage in Laos was increased  from 900,000 kip  to 1,100,000 kip (effective May 1, 2018. https://laotiantimes.com/2018/04/24/laos-government-approves-minimum-wage-increase/

5/ Pakistan has raised the federal minimum wage to Rs. 15,000 /mo for unskilled workers until July 2018. http://www.fairlabor.org/sites/default/files/documents/reports/may_2018_legal_minimum_wages_in_pakistan.pdf

6/ Cambodia: Effective January 1, 2018 to December 31, 2018, minimum wage for regular employee in the Garment & Shoe Industry is 680,000 Riel at US$-Cambodian RIEL Exchange rate of 4000riel /1US$.  http://www.prake.org/home/salary/minimum-wages

7/ Vietnam: New minimum wage varying from VND 3.710 to 4.180 million/mo for Zone I and II respectively.  Effective January 2019,https://www.vietnam-briefing.com/news/vietnam-hikes-minimum-wages-by-5-3-percent-in-2019.html/

8/ PH-RB XI Highest daily minimum wage in Non-Agri.is P396.00 and the lowest minimum wage is P381.00 – effective August 16, 2018

9/ PH-RB VII Highest daily minimum wage in Non-Agri.is P386.00 in VII ,and the lowest minimum wage is P313.00.- effective August 3, 2018

10/ PH-RB IIIHighest daily minimum wage in Non-Agri.is P400.00 in III , and the lowest minimum wage is P274.00.-effective August 1, 2018.

11/ PH-RB IV-A Highest daily minimum wage in Non-Agri.is P400 in IV-A (Growth Corridor Area), and the lowest minimum wage is P303.00 (Resourced Based Area)- effective April 28 2018

12/ Indonesia:Minimum Wage in Jakarta  3,940,972 Rupiah (highest) and Yogyakarta 1,570,922 (lowest), Effective for the year 2019- https://balistoreluggage.com/blog/umk-bali-ump-indonesia/

13/ MALAYSIA-The minimum wage order (amendement 2018) will effect on January 1, 2019, the monthly minimum wage were set to RM1,100  or RM5.29 per hour. https://www.aseanlip.com/malaysia/employment/legislation/minimum-wages-order-amendment-2018/AL56858

14/ PH-RB NCRHighest daily minimum wage is P537.00 in NCR, effective November 22, 2018.

15/  Thailand:The minimum wage in Thailand increased by an additional 5 and 22 baht per day or (308-330) in varying provinces, Effective April 1, 2018,https://www.bakermckenzie.com/en/insight/publications/2018/02/new-minimum-wage-relief-measures/

16/ China:China:Min. wage in Guandong province –  1,410 RMB/mo  to 2,200 RMB/mo in Shenzhen  effective July 1, 2018. http://www.china-briefing.com/news/guangdongs-minimum-wages-rise-july-1/

17/ Hong Kong Effective May 1,2017, the Statutory Min Wage rate is  HK$ 34.50/hr. http://www.labour.gov.hk/eng/news/mwo.htm

18/ Taiwan: The basic wage had been adjusted to NT$140 per hour effective January 1, 2018.http://english.mol.gov.tw/6386/6394/6402/26387/

19/ South Korea (SK): Minimum wage at8,350 SK won/hour, Effective Jan- Dec 2019, https://www.moel.go.kr/english/pas/pasMajor.jsp

20/ Japan: The highest minimum wage is in Tokyo 958 yen/hr, while the lowest is 737 yen/hr in Okinawa, Saga, Nagasaki, Kumamoto, Miyazaki, Kagoshima  effective October 2017. http://www.mhlw.go.jp/stf/seisakunitsuite/bunya/koyou_roudou/roudoukijun/minimumichiran/index.html

20/ New Zealand The minimum wage rates are: 16.50/hr(132 for an 8-hour day)for workers 16 years old or older,& NZ$13.20/hr (NZ$105.60 for 8hr/day) for those starting-out workers and employees on training. Effective April 1, 2018, https://www.employment.govt.nz/hours-and-wages/pay/minimum-wage/minimum-wage-rates/

21/ Australia the National Minimum Wage was raised to A$18.93/hr or A$719.20/week.Effective July 1, 2018. http://www.abc.net.au/news/2018-06-01/australian-minimum-wage-increased-by-3.5-per-cent/9824282

a/ Daily equivalent of MW computed using 30 days

b/ Monthly equivalent of DMW computed using 30 days

Sources of data: Internet web page of respective countries and other press releases; *Currency conversion-Oanda.com(FX currency converter) (Every Last working day of the month) 29 March 2018.

National Wages and Productivity Commission

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