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.
| 2010 | 2012 | |||
| Monthly minimum wage (EUR) |
Monthly minimum wage | Monthly minimum wage (EUR) |
Hourly rate | Hourly rate (EUR) |
| 862.80 | 585.78 eur | 585.78 | 3.38 eur | 3.38 |
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.
* Greece, Portugal, Spain: white-collar workers only. Workers normally entitled to 14 monthly payments per year.** Different rates apply to blue and white collar workers and vary by length of service and marital status. Private sector workers only. The minimum wage was cut by 22% from 751 euros pcm due to austerity laws. The minimum wage for those under 25 has been cut by 32%.
Source: Eurostats, FedEE, Wiki
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