Top 3 Latin American Countries with Highest Minimum Wage: A Comprehensive Guide

2024-03-06 15:43:23

The economy is an extremely important area in the development of each country, since the stability of a nation in other important aspects depends on it. In this sense, without a doubt, evaluating how much the minimum wage is is a great indicator. Next, we are going to tell you which are the three countries with the highest minimum wage in Latin America, as indicated by Statista, in addition to other equally relevant details.

What are the three countries with the highest minimum wage in Latin America?

1) Costa Rica: CRC $358,609.50-678 dollars (around 2,700,000 COP).

2)Uruguay: 570 dollars- 2,200,000 COP.

3) Chile: 521 dollars- 2,000,000 COP.

What is the ranking of Latin American countries with the highest and lowest minimum wage?

1) Costa Rica: 678 dollars

2) Uruguay: 570 dollars

3) Chile: 521 dollars

4) Ecuador: 460 dollars

5) Mexico: 440 dollars

6) Guatemala: 417 dollars

7) Paraguay: 367 dollars

8) El Salvador: 365 dollars

9)Bolivia: 342 dollars

10) Colombia: 335 dollars

11) Honduras: $329

12) Panama: 326 dollars

13) Brazil: 291 dollars

14) Peru: 277 dollars

15) Dominican Republic: 245 dollars

16) Argentina: 152 dollars

17) Venezuela: $3.61

Peru is the country in South America that has the shortest people, according to ranking

The study carried out by the organization NCD Risk Factor Collaboration reveals that Peru occupies the last position in terms of height in all of South America, with an average height of 1.66 meters for men and 1.54 meters for women.

This data places Peruvian citizens as the lowest in the region, according to the ranking. Although the study, dated 2019, did not delve into this aspect, the reality of short stature in Peru has genetic and nutritional foundations.

The combination of these factors may explain this characteristic in the Peruvian population, indicating a relationship between poor nutrition and height, which highlights the importance of adequately addressing health and nutrition conditions in the country.

What are the largest South American countries by area in the world?

Among the 10 largest countries in the world, you can find Brazil and Argentina, which occupy positions 6 and 9 in the ranking, respectively.

Brazil is the largest country in South America since it has an area of ​​8.5 million square kilometers. In addition to having a population of 211 million people within its territory, this nation is characterized by being among the 15 strongest countries in the world economy.

Then there is Argentina, which would be the largest of the Spanish-speaking countries with an area of ​​2.78 million square kilometers. With 46 million inhabitants, it is considered one of the 30 economic powers in the world, according to Cronista.

On the other hand, we must mention that there are two other countries on the American continent that stand out for their gigantic size, which are Canada and the United States, which appear in third and fifth place in the ranking, respectively.

While Canada has a population of 38 million people and is among the 9 largest economies in the world; The United States, which has more than 330 million inhabitants, is considered one of the world’s economic powers.

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