Guatemala Minimum Wage Rate 2023
Guatemala has a government-mandated minimum wage, and no worker in Guatemala can be paid less then this mandatory minimum rate of pay. Employers in Guatemala who fail to pay the Minimum Wage may be subject to punishment by Guatemala's government.
What is the Guatemala Minimum Wage?
Guatemala'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.
Guatemala's minimum wage varies by sector. 81.87 Guatemalan quetzales per day for agricultural and nonagricultural work,74.89 quetzales per day for work in export-sector factories. Minimum wage workers get a mandatory monthly bonus of 250 quetzales. Salaried workers receive two mandatory yearly bonuses of one month’s salary each. Guatemala's minimum wage was last changed in 1-Jan-2016.
How does Guatemala's minimum wage compare to the minimum wage in other countries?
Guatemala's yearly minimum wage is $2,734.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 61 countries with a higher Minimum Wage then Guatemala, and Guatemala is in the top 31 percent of all countries based on the yearly minimum wage rate.
Facts and statistics about Guatemala
Guatemala is a country located in the Central America region with a population of 11,385,000 and an average life span of 66.2 years.
|Gross National Product||$19,008.00|
|Current Leader||Alfonso Portillo Cabrera|
|Continent & Region||North America, Central America|
|Surface Area||108,889 square kilometers|
|ISO 3166 Country Code||GT|
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