In 2003, the national minimum wage in Guatemala remained fixed at €157.2 per month, that is 1,886 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Quetzal, which is the official currency in Guatemala, we can see that, this year, it was 1,276 Quetzal and accordingly, the national minimum wage has been raised 126 Quetzal per month from the previous year, 10.96%. This increase is greater than the CPI of 2002 which was 6.3%, so workers have gained buying power in the last year.
If we look at the ranking of the national minimum wage that we publish, Guatemala is in 27 nd place 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 Guatemala. You can see NMW in other countries in National Minimum Wage 2003 and see all the information about this country in Guatemala economy.