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10. Ethiopia -

Ethiopia is a country with an incredibly rich history dating back thousands of years. As the country has developed, its economic problems have come to the forefront. It has a minimum wage of US$75.16 per month.

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9. Nigeria -

Nigeria is known as one of Africa's fastest-growing economies. With that being said, it may come as a surprise that the minimum wage is fixed at only US$72.20 per month.

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8. Haiti -

With the eighth lowest minimum wage on the list is Haiti, guaranteeing its workers just US$68.08 per month.

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7. Republic of Mali -

The Republic of Mali, a landlocked country in West Africa, comes in at number seven on the list with a minimum wage of only US$57 per month.

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6. Eritrea - Another of the African countries making up the list of the lowest minimum wages in the world, Eritrea has a minimum wage of just US$43.83 per month.

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5. Myanmar -

Myanmar, formerly Burma, is a country located in Mainland South East Asia and has a minimum wage of US$33.41 per month.

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4. Sierra Leone -

Sierra Leone, an African country that was ravaged by war for many years, now offers a minimum wage of US$30.49 per month.

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3. Kyrgyzstan -

In the Central Asian country of Kyrgyzstan, the monthly minimum wage is currently set at roughly US$27.54.

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2. Georgia -

This transcontinental country sitting between Eastern Europe and Western Asia has a minimum wage of just US$23.25 per month.

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1. Bangladesh -

Taking first place on our list is Bangladesh, a country in South Asia that has a general minimum wage set at roughly US$13.67 per month. However, different minimum wages may apply depending on the sector.

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Countries that almost made the list -

These countries came close to making the top ten lowest minimum wages in the world.

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Afghanistan -

The war-torn country of Afghanistan is trying to emerge from the ashes of the past 25 years. Currently, Afghanistan has a minimum wage for employees in the private sector of roughly US$75.34 per month.

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Madagascar -

A country of unparalleled biodiversity and potential for economic growth, Madagascar's minimum wage is set at US$81.75 per month.

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Chad -

Chad, another African country with a shockingly low minimum wage, has set the national minimum wage at US$88.

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Benin -

Benin, officially known as the Republic of Benin, has a minimum wage of just US$86.24 per month.

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Highest minimum wages in the world -

Now, let's look at the minimum monthly wages that rank the highest in the world as of the beginning of 2024. Some of these wages may shock you!

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10. France -

One of the most recognizable and respected countries in the world, France has seen a fair share of controversy over the standards of living for its citizens in recent years. With that being said, France still makes this list with a monthly minimum wage of US$1,903.65.

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9. Belgium -

Belgium recently increased its minimum wage to US$13.26 per hour or US$2,333.76 per month.

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8. Luxembourg -

In eighth place on our list, we find the tiny European country of Luxembourg with a minimum wage of Us$2,358.4 per month.

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7. Germany -

Germany, renowned for its manufacturing and automotive industry, commands a respectable seventh position on this list with a minimum monthly wage of US$2,376.

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6. Ireland -

Irish employees are entitled to a minimum hourly pay rate of US$13.83 (valid for workers aged 20 and older)​​ equating to about US$2,434.08 per month.

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5. United Kingdom -

The United Kingdom will increase its minimum wage by 9.8% to £11.44 (US$14.26) an hour, or US$2,509.79 per month.

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4. New Zealand -

The land of the long white cloud, New Zealand commands a very respectable place at number four on this list with a minimum monthly wage of US$2,525.6.

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3. Netherlands -

The Netherlands is another European country that made the list, boasting a minimum wage of US$2.543.2 per month.

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2. Australia -

The land down under comes in at second place on this list with a monthly minimum wage of US$2,691.04.

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1. Switzerland -

Coming in at number one is none other than Switzerland. It is important to note that in Switzerland, the minimum wage is set at a Canton, or municipality, level. Geneva has set an incredible minimum wage of US$4,940 per month for its residents.

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Additional mentions -

These are the countries that nearly made the list of the countries with the highest minimum wage in the world.

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Canada -

Canadian citizens have had a nationwide increase in the minimum wage to US$11.43 per hour or US$2,011.68 per month.

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Israel -

Israeli citizens enjoy a respectable monthly minimum wage of US$1,506.36 per month.

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Japan -

The South East Asian powerhouse, Japan's minimum wage sits at US$937.83 per month.

Sources: (Lano.io) (Wageindicator.org) (World Population Review) (Statista) (Fragomen)

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