In 2009, the national minimum wage in Paraguay remained fixed at €202.6 per month, that is 2,431 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Guaranies, which is the official currency in Paraguay, we can see that, this year, it was 1,408,864 Guaranies and accordingly, the national minimum wage has been raised 67,089 Guaranies per month from the previous year, 5%. This increase is less than the CPI of 2008 which was 7.5%,and so workers, despite the raise, have lost buying power in the last year.
If we look at the ranking of the national minimum wage that we publish, Paraguay is in 40 nd place, so it is among the countries with the lowest minimum salary of the 92 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 Paraguay. You can see NMW in other countries in National Minimum Wage 2009 and see all the information about this country in Paraguay economy.