The regional average is based on the following countries: a Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Mexico, Nicaragua, Paraguay, Peru, the Plurinational State of Bolivia and Uruguay.
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Changes in average real wage in Latin America and Caribbean Q1 2023-Q1 2024
Four of the selected Latin American countries experienced a decline in the average real minimum wage in the first quarter of 2024 when compared to the same period of 2023. Argentina registered the largest fall during that year, with a **** percent loss. By contrast, Jamaica had an increase on average real minimum wage of almost ** percent, the largest increase amongst the selection.
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Economic Commission for Latin America and the Caribbean. (September 12, 2024). Average real minimum wage in Latin America and the Caribbean in the first quarter of 2024 compared to first quarter 2023 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 02, 2026, from /statistics/1333893/variation-level-of-employment-by-economic-activity-latin-america-caribbean/
Economic Commission for Latin America and the Caribbean. "Average real minimum wage in Latin America and the Caribbean in the first quarter of 2024 compared to first quarter 2023." Chart. September 12, 2024. ÌÇÐÄÆƽâ°æ. Accessed August 02, 2026. /statistics/1333893/variation-level-of-employment-by-economic-activity-latin-america-caribbean/
Economic Commission for Latin America and the Caribbean. (2024). Average real minimum wage in Latin America and the Caribbean in the first quarter of 2024 compared to first quarter 2023. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 02, 2026. /statistics/1333893/variation-level-of-employment-by-economic-activity-latin-america-caribbean/
Economic Commission for Latin America and the Caribbean. "Average Real Minimum Wage in Latin America and The Caribbean in The First Quarter of 2024 Compared to First Quarter 2023." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 12 Sep 2024, /statistics/1333893/variation-level-of-employment-by-economic-activity-latin-america-caribbean/
Economic Commission for Latin America and the Caribbean, Average real minimum wage in Latin America and the Caribbean in the first quarter of 2024 compared to first quarter 2023 ÌÇÐÄÆƽâ°æ, /statistics/1333893/variation-level-of-employment-by-economic-activity-latin-america-caribbean/ (last visited August 02, 2026)
Average real minimum wage in Latin America and the Caribbean in the first quarter of 2024 compared to first quarter 2023 [Graph], Economic Commission for Latin America and the Caribbean, September 12, 2024. [Online]. Available: /statistics/1333893/variation-level-of-employment-by-economic-activity-latin-america-caribbean/
