In 2003, the national minimum wage in Dominican Republic remained fixed at €63.3 per month, that is 760 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 2,720 Dominican pesos and accordingly, the national minimum wage has been raised 480 Dominican pesos per month from the previous year, 21.43%. This increase is greater than the CPI of 2002 which was 10.5%, 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 in 49 nd place, so it is among the countries with the lowest minimum salary of the 72 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 2003 and see all the information about this country in Dominican Republic economy.