Netherlands Minimum Wage Rate 2018
Netherlands has a government-mandated minimum wage, and no worker in Netherlands can be paid less then this mandatory minimum rate of pay. Employers in Netherlands who fail to pay the Minimum Wage may be subject to punishment by Netherlands' government.
What is the Netherlands Minimum Wage?
Netherlands' 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 Netherlands' minimum wage rate is €1,524.60 per month,€351.85 per week and €70.37 per day and €8.80 per hour for persons 23 and older,and between 30-85% of this amount for persons aged 15–22. This applies to a 40-hour work week; minimum wage is higher for a shorter work week. Netherlands' minimum wage was last changed in 1-Jan-2016.
How does Netherlands' minimum wage compare to the minimum wage in other countries?
Netherlands' yearly minimum wage is $19,335.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 3 countries with a higher Minimum Wage then Netherlands, and Netherlands is in the top 2 percent of all countries based on the yearly minimum wage rate.
Facts and statistics about Netherlands
Netherlands is a country located in the Western Europe region with a population of 15,864,000 and an average life span of 78.3 years.
|Gross National Product||$371,362.00|
|Government Type||Constitutional Monarchy|
|Continent & Region||Europe, Western Europe|
|Surface Area||41,526 square kilometers|
|ISO 3166 Country Code||NL|
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