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Minimum Wages in Apparel Manufacturing Countries: Asia vs. Euromed (Statistical Report)

2018-02-09 09:00:00| EmergingTextiles.com

The minimum wage has been further raised in a series of low-cost Asian nations as of January 1st, before being soon sharply increased in Myanmar and Bangladesh. By contrast, Euromed countries are benefiting from a weaker increase in their minimum wage, in addition to their proximity with the European market, meaning that North African and Balkan nations may now attract more demand from EU clothing chains. Our report displays minimum wages in Asian and Euromed apparel manufacturing countries, with annual increases as of January 1st 2018 in local currency and US$ terms, compared with 2015, 2016 and 2017. A comparison chart is also available.

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