MINIMUM AND AVERAGE SALARY IN BRAZIL

Brazil is a very picturesque country with a huge variety of animals and plants, interesting history and culture, located in South America and washed by the waters of the Atlantic Ocean. It is the largest country on the continent with a population of about 212.6 million people in 2020.

Salary in Brazil

Brazil has one of the largest economies in the world, combining the abundance of natural resources, developed agriculture and industry. There is about 11% unemployment in the country. Today quite a large number of foreigners find highly paid vacancies in the local labor market. Let's find out what salaries in Brazil in 2020.

Minimum salary in Brazil

According to the decree of Brazilian President Jair Bolsonaro, the official minimum wage in Brazil from January 1, 2020 is 1,039 reals per month, which is equivalent to 220 dollars. This is 41 real or 4% more than in 2019 (998 real). The annual increase in the minimum wage in the state depends mainly on inflation and economic growth (GDP).

Over the past ten years, the minimum wage in Brazil has more than doubled. From 460.8 reals in 2009 to 1,039 reals in 2020. That is, the difference is 578.2 real or 125%. The rates of minimum wage apply to all Brazilian workers employed on a full 8-hour working day or a 44-hour week.

Note. According to the Department of Statistics and Socio-Economic Studies of Brazil, the official minimum wage serves as a reference for the total income of about 48 million workers throughout the country.

Average salary in Brazil

The average income of Brazilian workers depends primarily on the region, the profession and the employer. Identical work, but in different cities, can bring from a few hundred to one or two thousand dollars. In general, the average salary in Brazil in 2020 is about 2,360 reals per month ($505).

In such large cities as São Paulo and Rio de Janeiro, the average salary is slightly higher – 2,500-3,000 reals per month ($530-640). Qualified foreign specialists can count on 1,000-2,000 dollars or more. Living in these megacities is also much more expensive than in other parts of the country.

According to Brazilian recruitment agencies, in the most popular city of Brazil – Rio de Janeiro, the highest salaries of senior managers and management companies, whose annual income reaches 10 thousand dollars per month. Leading financiers, programmers and doctors can count on 3-4 thousand.

In conclusion, we note that the income tax rate in Brazil varies from 0 to 27.5%. Income less than 22,848 reals per year is not subject to taxation. At a maximum rate of 27.5% are taxed annual income over 55,977 reals. After all deductions, the average salary in Brazil in 2020 is about 1,750 reals per month (about $375).

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