Laos Minimum Wage Rate 2018
Laos has a government-mandated minimum wage, and no worker in Laos can be paid less then this mandatory minimum rate of pay. Employers in Laos who fail to pay the Minimum Wage may be subject to punishment by Laos' government.
What is the Laos Minimum Wage?
Laos' 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 Laos minimum wage is 800,000 Lao kip per month ($100) plus 30,000 kip per day as a meal allowance ($3.74) for private sector workers,1,400,000 kip ($170) per month for civil servants and state enterprise employees,often complemented with government benefits and housing subsidies. Laos' minimum wage was last changed in 1-Jan-2014.
How does Laos' minimum wage compare to the minimum wage in other countries?
Laos' yearly minimum wage is $1,057.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 97 countries with a higher Minimum Wage then Laos, and Laos is in the top 49 percent of all countries based on the yearly minimum wage rate.
Facts and statistics about Laos
Laos is a country located in the Southeast Asia region with a population of 5,433,000 and an average life span of 53.1 years.
|Gross National Product||$1,292.00|
|Current Leader||Khamtay Siphandone|
|Continent & Region||Asia, Southeast Asia|
|Surface Area||236,800 square kilometers|
|ISO 3166 Country Code||LA|
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