In 2017, the national minimum wage in Bolivia remained fixed at 278.3 € per month, that is 3,340 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Bolivians, which is the official currency in Bolivia, we can see that, this year, it was 2,000 Bolivians and accordingly, the national minimum wage has been raised 195 Bolivians per month from the previous year, 10.8%. This increase is greater than the CPI of 2016 which was 4%, so workers have gained buying power in the last year.
If we look at the ranking of the national minimum wage that we publish, Bolivia is in 45 nd place, so it is among the countries with the lowest minimum salary of the 97 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 Bolivia. You can see NMW in other countries in National Minimum Wage 2017 and see all the information about this country in Bolivia economy.