In 2016 , the national minimum wage in Argentina remained fixed at 452.6 € per month, that is 5,431 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Argentinian pesos, which is the official currency in Argentina, we can see that, this year, it was 7,560.0 Argentinian pesos and accordingly, the national minimum wage has been raised 750.0 Argentinian pesos per month from the previous year, 11.01%. This increase is less than the CPI of 2016 which was 14.3% ,and so workers, despite the raise, have lost buying power in the last year.
If we look at the ranking of the national minimum wage that we publish, Argentina is in 28 nd place of the 95 of the list.
The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.
In the table that follows we show you the progression of the National Minimum Wage Argentina. You can see NMW in other countries in National Minimum Wage 2016 and see all the information about this country in Argentina economy.