Costa Rica: Minimum Wage Increases 1.14%

From January 2017 an increase of 1.14% comes into effect for private sector wages in all categories included in the official decree.

Tuesday, November 1, 2016

The National Wages Council confirmed the government's proposal that the adjustment to be made from January 2017 will be 1.14% for wages of workers in the private sector.

Victor Ruiz, vice president of the Costa Rican Union of Chambers and Associations of Private Enterprise (Uccaep), explained that "... the percentage increase is obtained from the new wage adjustment methodology that employers have worked on together with the Government and the unions over the last three months."

Ruiz explained to that "...The increase of 1.14% is made up 0.65% for the increase in the cost of living plus 0.49% for productivity in the country. "

More on this topic

Nicaragua: 8.25% Rise in Minimum Wage

February 2017

Businesses will have to apply an initial increase of 4,125% from 1 March 2017 and a second increase, of the same amount, on September 1.

The agreement was approved with the consensus of the private sector, trade unions and government.  The decision to establish the increase at 8.25% came after the business sector  proposed an adjustment to 7.63%, and unions, between 9% and 10%.

Panama: 8.5% Increase in Minimum Wage

January 2016

Employers, unions and the government agreed to a 8.5% increase in the minimum wage in all economic activities, starting from January 2016.

The approval for the general rise of 8.5% applies to all activities in the economic regions of the country, except for small businesses.

Guatemala: Increase in Minimum Wage

December 2014

The Ministry of Labor has announced that as of January 1, 2015 a 5% increase in minimum wages in the productive sectors will come into force.

From a statement issued by the Government of Guatemala:

The Minister of Labour and Social Welfare (MTPS), Carlos Contreras, reported that the minimum wages for 2015, corresponding to agricultural, farm, maquila and non-agriculture sectors will increase by 5%, which is the third consecutive increase recorded during the administration of President Otto Perez Molina.

Private Wages in Costa Rica up 2.01%

October 2014

With support from the business sector the wage adjustment which will be effective starting january 2015.

The increase in salaries approved by the National Wages Council is less than the amount requested by workers in the private sector; the difference is 0.90%. Requests from the various workers representations ranged from 2.91% to 5.7%.

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