Minimum Wages in Bolivia increased to 2122 BOB/Month in 2019 from 2060 BOB/Month in 2018.

Minimum Wages in Bolivia averaged 1009.37 BOB/Month from 2001 until 2019, reaching an all time high of 2122 BOB/Month in 2019 and a record low of 400 BOB/Month in 2001. This page provides - Bolivia Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bolivia Minimum Monthly Wage - values, historical data and charts - was last updated on August of 2020.

Minimum Wages in Bolivia is expected to reach 2400.00 BOB/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bolivia Minimum Monthly Wage is projected to trend around 2500.00 BOB/Month in 2021, according to our econometric models.

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Bolivia Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
2122.00 2060.00 2122.00 400.00 2001 - 2019 BOB/Month Yearly
NSA

Bolivia Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.00 6.00 2.10 percent [+]
Minimum Wages 2122.00 2060.00 2122.00 400.00 BOB/Month [+]
Population 11.47 11.31 11.47 3.35 Million [+]
Unemployed Persons 214770.00 194171.00 255592.00 116111.00 Number of persons [+]
Labor Force Participation Rate 73.10 73.50 73.50 61.10 percent [+]
Employed Persons 5744465.00 5773042.00 5773042.00 3637048.00 Number of persons [+]
Employment Rate 70.40 71.10 71.10 59.40 percent [+]


Bolivia Minimum Monthly Wage
In Bolivia, the minimum wage is the lowest monthly salary allowed by the Central Government.