Our Data Insights library goes deeper into hot topics and critical world issues. Looking for more? Learn about how we integrate data and expert visualization services with our intelligent tools, custom situation rooms, and enterprise data portals.
Real hourly and annual minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 25 countries for which they are available. The resulting estimates are deflated by national Consumer Price Indices (CPI). The data are then converted into a common currency unit using either US $ current exchange rates or US $ Purchasing Power Parities (PPPs) for private consumption expenditures.
Real hourly and annual minimum wages are calculated first by deflating the series using the consumer price index taking 2015 as the base year. The series are then converted into a common currency unit (USD) using Purchasing Power Parities (PPPs) for private consumption expenditures in 2015.
Are you sure you want to send the dataset for verification?