Textile & Apparel

Monthly Wages Rates: Comparative Analysis by Country

TexPro covers wages for more than 50 key countries and trends in it. The wages covered are gross minimum monthly wage rates for each country, which helps in evaluating cost analysis.

Insights

  • The monthly minimum wage rate for China, India, Vietnam, Bangladesh, and Turkey were reported as $304.89, $175.26, $167.11, $88.74, and $575.41 respectively in year 2023. Bangladesh having the lowest monthly minimum wage rate among reported countries.

Trend Report

The wage rates parameter shows the wage trends across countries. One can compare the minimum monthly wage rates for selected countries for the current year and the previous year. By default, local currency is selected which can be converted to a standard currency to enable comparison between wage rates of countries and to understand the impact of currency exchange on wage rates.