Monaco Minimum Wage Rate 2020
Because Monaco does not have a minimum wage, there is no mandatory minimum rate of pay for workers in Monaco. Pay rates must be agreed upon directly with the employer through collective bargaining or other means of negotiating a fair living wage.
What is the Monaco Minimum Wage?
Monaco'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.
Monaco's minimum wage is €10.15 per hour (the same as the French minimum wage for full-time work,plus a 5% adjustment. Monaco's minimum wage was last changed in 1-Jan-2016.
Facts and statistics about Monaco
Monaco is a country located in the Western Europe region with a population of 34,000 and an average life span of 78.8 years.
|Gross National Product||$776.00|
|Government Type||Constitutional Monarchy|
|Current Leader||Rainier III|
|Continent & Region||Europe, Western Europe|
|Surface Area||2 square kilometers|
|ISO 3166 Country Code||MC|
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