The ranking covers 154 countries based on 2020 data, and to make the comparison easier, it is presented in US dollars.
According to the ranking, Uzbekistan's annual minimum wage was $1,041, and the hourly rate was $0.5.
The highest figures were recorded in Australia (annual $34,500 / hourly $17.4), New Zealand ($33,400 / $16.1), and Luxembourg ($32,100 / $15.4).
The minimum wage refers to the lowest amount of money an employer can pay employees for a unit of work, which is usually calculated on an hourly or monthly basis, but sometimes may be presented as a daily or weekly rate.
In 2020, the top 20 countries with the highest minimum wages (per hour, in US dollars) were:
- Australia $17.47
- New Zealand $16.10
- Luxembourg $15.43
- Germany $14.68
- United Kingdom $14.27
- Ireland $13.96
- France $13.33
- Belgium $12.15
- Netherlands $11.98
- Monaco $11.88
- Canada $11.60
- South Korea $11.50
- San Marino $10.93
- Israel $9.48
- Iran $9.13
- Argentina $8.55
- Spain $8.39
- Slovenia $8.21
- Japan $8.14
- Andorra $8.00
It is noted that many countries adjust their minimum wage annually, so these rankings may change after the 2021 global data is compiled.