The legally guaranteed minimum wage in Uruguay was ****** Uruguayan pesos per month in 2025. This is more than double the minimum monthly wage in 2013 and an increase of ***** Uruguayan pesos compared to the previous year.

The ratio of basic food expenditures to the minimum wage in Uruguay was 32.6 percent in January 2024. This means that one-third of the minimum wage is needed to buy the items in the basic food basket. By comparison, the ratio was 0.4 percentage points higher a year earlier.

Minimum Wage data was reported at 23,604.000 UYU in Apr 2025. This stayed constant from the previous number of 23,604.000 UYU for Mar 2025. Minimum Wage data is updated monthly, averaging 840.000 UYU from Dec 1969 (Median) to Apr 2025, with 665 observations. The data reached an all-time high of 23,604.000 UYU in Apr 2025 and a record low of 0.010 UYU in Nov 1970. Minimum Wage data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Uruguay – Table UY.G026: Minimum Wage.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2025, workers in the Central American country enjoy a basic monthly wage of over 726 U.S. dollars, an increase of 2.37 percent compared to the previous year. They also earn over 200 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than 2.50 dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

UY: Law Mandates Equal Remuneration for Females & Males for Work of Equal Value: 1=Yes; 0=No data was reported at 0.000 NA in 2017. This stayed constant from the previous number of 0.000 NA for 2015. UY: Law Mandates Equal Remuneration for Females & Males for Work of Equal Value: 1=Yes; 0=No data is updated yearly, averaging 0.000 NA from Dec 2013 (Median) to 2017, with 3 observations. UY: Law Mandates Equal Remuneration for Females & Males for Work of Equal Value: 1=Yes; 0=No data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Uruguay – Table UY.World Bank.WDI: Policy and Institutions. Law mandates equal remuneration for females and males for work of equal value is whether there is a law that obligates employers to pay equal remuneration to male and female employees who do work of equal value.“Remuneration” refers to the ordinary, basic or minimum wage or salary and any additional emoluments payable directly or indirectly, whether in cash or in kind, by the employer to the worker and arising out of the worker’s employment. “Work of equal value” refers not only to the same or similar jobs but also to different jobs of the same value.; ; World Bank: Women, Business and the Law.; ;

Uruguay was the Latin American country with the highest average monthly salary as of 2024, with a net value of around ***** U.S. dollars per month, followed by Costa Rica, with *** U.S. dollars per month. Employment development areas in Latin America Following the recuperation in this sector after the job losses endured throughout the COVID-19 pandemic, the unemployment rate persists in its endeavor to stabilize. Informal employment remains as the predominant actor across most Latin American countries, serving as a primary avenue for economic sustenance. Notably, the construction sector has experienced substantial growth, outpacing other relevant industries like tourism and hospitality. Poverty Throughout the past two decades, poverty levels in Latin America remain unchanged. Honduras takes the lead as the country bearing the highest poverty rate, with nearly half of its population dwelling in these circumstances. Across the region, the prevalent delineation is that of individuals classified within the non-extreme and lower-middle poverty strata, characterized by modest income levels.

Uruguay UY: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 17.800 % in 2022. This records an increase from the previous number of 17.300 % for 2021. Uruguay UY: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 18.000 % from Dec 2006 (Median) to 2022, with 17 observations. The data reached an all-time high of 19.800 % in 2009 and a record low of 16.900 % in 2018. Uruguay UY: Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Uruguay – Table UY.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

最低工资在04-01-2025达23,604.000乌拉圭新比索，相较于03-01-2025的23,604.000乌拉圭新比索保持不变。最低工资数据按月更新，12-01-1969至04-01-2025期间平均值为840.000乌拉圭新比索，共665份观测结果。该数据的历史最高值出现于04-01-2025，达23,604.000乌拉圭新比索，而历史最低值则出现于11-01-1970，为0.010乌拉圭新比索。CEIC提供的最低工资数据处于定期更新的状态，数据来源于Instituto Nacional de Estadística，数据归类于全球数据库的乌拉圭 – Table UY.G026: Minimum Wage。

During the October 27 elections in Uruguay, citizens will also vote in two referendums. The Social Security referendum aims to set the retirement age at ** and raise the minimum pension to the value of the minimum wage. In October, ** percent of respondents said they planned to vote in favor of the referendum.

TeamStation AI System Report on LATAM IT Salaries 2024 A Comprehensive Analysis of Salary Trends in Latin America’s IT Sector

Introduction The 2024 TeamStation AI Salary Report provides a comprehensive analysis of IT salary structures in 19 Latin American countries, offering scientific insights into compensation trends across various job roles, experience levels, and contract types. This report leverages 1,521 salary records collected from real hiring data, offering the most precise, non-biased compensation insights in the region​

Key Findings 1. Salary Breakdown by Country Three countries lead in IT talent representation:

🇲🇽 Mexico 🇨🇴 Colombia 🇦🇷 Argentina Brazil and Chile also emerge as key players, showcasing robust demand for high-level AI, ML, and DevOps professionals. Meanwhile, Uruguay and Costa Rica provide a cost-effective alternative for high-skilled developers​

1. Role-Based Salary Trends The six most common roles in the LATAM IT market are:

Full-Stack Developer Front-End Developer Back-End Developer App Developer DevOps Engineer Data Engineer Additionally, AI, MLOps, and Cloud Engineers are seeing increasing demand, commanding salaries up to 60% higher than other IT positions​

1. Salary Ranges by Experience Level Salaries vary significantly based on seniority and contract type:

Junior Developers: $10,000 – $30,000 per year Mid-Level Developers: $20,000 – $50,000 per year Senior Developers: $25,000 – $100,000 per year (with some AI engineers exceeding this range) Full-time contracts pay the highest salaries, while freelance engagements have lower total compensation, but can reach premium rates for niche AI/ML expertise​

1. Key Statistical Insights Average salary across all roles: $30,470.02 USD Standard deviation: $56,817.32 USD (showing large variances based on expertise and role) Minimum salary recorded: $500 USD Maximum salary recorded: $800,000 USD Salary percentiles: 25th percentile: $7,000 USD 50th percentile (median): $16,300 USD 75th percentile: $36,000 USD These figures indicate a wide salary stratification, especially for senior roles and AI-related positions​ .

2. Contract Type & Compensation Salaries vary based on contract type:

Full-time developers earn higher base salaries with benefits. Freelancers earn lower annual salaries but some charge premium hourly rates in AI, Cloud, and DevOps. Mid and senior-level engineers prefer full-time contracts for higher pay and stability​ . Regional Salary Insights Highest-paying regions: 🇨🇱 Chile, 🇧🇷 Brazil, 🇲🇽 Mexico. Mid-range salaries: 🇨🇴 Colombia, 🇦🇷 Argentina. Cost-effective hiring: 🇺🇾 Uruguay, 🇨🇷 Costa Rica​ . Strategic Takeaways AI & MLOps engineers are the most expensive to hire in Mexico, Brazil, and Chile. Cloud, DevOps, and AI roles are seeing the fastest growth in salary demand. Best locations for cost-effective hiring: Colombia, Argentina, Uruguay. AI-driven hiring platforms like TeamStation AI reduce time-to-hire and salary mismatches​