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Link to original content: http://fr.statista.com/statistics/322716/ranking-of-oecd-countries-by-national-minimum-wage/
Ranking of OECD countries by national minimum wage 2022 | Statista

Ranking of OECD countries by real national minimum wage 2022

Ranking of OECD countries by real national minimum wage in 2022

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Source

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Release date

2023

Region

Worldwide, OECD

Survey time period

2022

Age group

Supplementary notes

Wages were adjusted for purchasing power parity and used 2022 U.S. dollars as the base year.

The source adds: "Real hourly and annual minimum wages are calculated first by deflating the series using the consumer price index taking 2022 as the base year. The series are then converted into a common currency unit (USD) using Purchasing Power Parities (PPPs) for private consumption expenditures in 2022. Real hourly and annual minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 30 OECD countries and six non-member countries for which they are available. The resulting estimates are deflated by national Consumer Price Indices (CPI). The data are then converted into a common currency unit using either US $ current exchange rates or US $ Purchasing Power Parities (PPPs) for private consumption expenditures."

Russian Federation excluded due to a lack of data.

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Statistics on " Minimum wage in the United States "

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Overview

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Characteristics of minimum wage workers

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Low wage employment

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Further related statistics

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