Bolivia Minimum Wage Rate 2023
Bolivia has a government-mandated minimum wage, and no worker in Bolivia can be paid less then this mandatory minimum rate of pay. Employers in Bolivia who fail to pay the Minimum Wage may be subject to punishment by Bolivia's government.
What is the Bolivia Minimum Wage?
Bolivia's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.
The Bolivia minimum wage is 1805 Bolivian bolivianos per month,plus an obligatory Christmas bonus equal to one month's pay,prorated for the amount of time the worker has worked in their present position.A second bonus (on month pay) is paid in May if the company made a profit for the previous year and is declared by the government. Bolivia's minimum wage was last changed in 1-Jan-2016.
Facts and statistics about Bolivia
Bolivia is a country located in the South America region with a population of 8,329,000 and an average life span of 63.7 years.
|Gross National Product||$8,571.00|
|Current Leader||Hugo Bánzer Suárez|
|Continent & Region||South America, South America|
|Surface Area||1,098,581 square kilometers|
|ISO 3166 Country Code||BO|
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