In 2004, the national minimum wage in Dominican Republic remained fixed at €90.8 per month, that is 1,090 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 3,900 Dominican pesos and accordingly, the national minimum wage has been raised 1,180 Dominican pesos per month from the previous year, 43.38%. This increase is greater than the CPI of 2003 which was 42.7%, 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 43 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 Dominican Republic. You can see NMW in other countries in National Minimum Wage 2004 and see all the information about this country in Dominican Republic economy.