In 2004, the national minimum wage in Bolivia remained fixed at €44.8 per month, that is 538 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 440 Bolivians and accordingly, the national minimum wage has remained stable so workers have lost purchasing power in the last year.
If we look at the ranking of the national minimum wage that we publish, Bolivia is in 55 nd place, so it is among the countries with the lowest minimum salary of the 74 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 2004 and see all the information about this country in Bolivia economy.