In 1997, the national minimum wage in Dominican Republic remained fixed at €36.2 per month, that is 434 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Dominican pesos, which is the official currency in Dominican Republic, we can see that, this year, it was 1,555 Dominican pesos and accordingly, the national minimum wage has been raised 259 Dominican pesos per month from the previous year, 19.98%. This increase is greater than the CPI of 1996 which was 3.9%, so workers have gained buying power in the last year.
If we look at the ranking of the national minimum wage that we publish, Dominican Republic is the country with the highest minimum salary 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 Dominican Republic. You can see NMW in other countries in National Minimum Wage 1997 and see all the information about this country in Dominican Republic economy.