Minimum wage is the lowest amount a worker can be legally paid for his work. Minimum wage figures are gross (pre-tax) rates for full time work (+23 years old) and exclude any 13th or 14th month payments that may be due under national legislation, collective agreements, custom or practice.
| 2011 | 2012 | |||
| Monthly minimum wage (EUR) |
Monthly minimum wage | Monthly minimum wage (EUR) |
Hourly rate | Hourly rate (EUR) |
| n/a | 1000.00 | 1000.00 | 5.77 | 5.77 |
The calculations are based on the assumption of a 40-hour working week and a 52-week year. Currency conversions from non-euro currencies are based on the exchange rates available on 29 June 2012.
Note: Austria: applies to certain industry sectors. Applicable to all sectors from 01.01.2009. Employees are entitled to 14 monthly payments each year.Source: Eurostats, FedEE, Wiki
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