Israel Minimum Wage Rate 2023
Israel has a government-mandated minimum wage, and no worker in Israel can be paid less then this mandatory minimum rate of pay. Employers in Israel who fail to pay the Minimum Wage may be subject to punishment by Israel's government.
What is the Israel Minimum Wage?
Israel'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.
Israel's minimum wage is 5,000 Israeli new shekel per month ($1,298),or 26.88 Israeli new shekel ($6.98) per hour. Israel's minimum wage was last changed in 1-Jul-2017.
How does Israel's minimum wage compare to the minimum wage in other countries?
Israel's yearly minimum wage is $12,493.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 11 countries with a higher Minimum Wage then Israel, and Israel is in the top 6 percent of all countries based on the yearly minimum wage rate.
Facts and statistics about Israel
Israel is a country located in the Middle East region with a population of 6,217,000 and an average life span of 78.6 years.
|Gross National Product||$97,477.00|
|Current Leader||Moshe Katzav|
|Continent & Region||Asia, Middle East|
|Surface Area||21,056 square kilometers|
|ISO 3166 Country Code||IL|
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