Finland  Minimum Wage, Labor Law, and Employment Data Sheet Finland Minimum Wage Rate 2024

Appx. Yearly Minimum Wage
$2,600.00 USD
Rank by Min. Wage
63 / 197
Gross National Product
$121,914.00 USD

Finland has a government-mandated minimum wage, and no worker in Finland can be paid less then this mandatory minimum rate of pay. Employers in Finland who fail to pay the Minimum Wage may be subject to punishment by Finland's government.

What is the Finland Minimum Wage?

Finland'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.

There is no national minimum wage in Finland; but the law requires all employers,including nonunionized ones,to pay minimum wages agreed to in collective bargaining agreements,and almost all workers are covered under such arrangements. Finland's minimum wage was last changed in 1-Jan-2015.

How does Finland's minimum wage compare to the minimum wage in other countries?

Finland's yearly minimum wage is $2,600.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 63 countries with a higher Minimum Wage then Finland, and Finland is in the top 32 percent of all countries based on the yearly minimum wage rate.

Facts and statistics about Finland

Finland is a country located in the Nordic Countries region with a population of 5,171,300 and an average life span of 77.4 years.

Local Name Suomi
Gross National Product $121,914.00
Government Type Republic
Current Leader Tarja Halonen
Independence Year 1917
Continent & Region Europe, Nordic Countries
Surface Area 338,145 square kilometers
ISO 3166 Country Code FI

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