After an extensive period of research and consultation, in accordance with the Labour Code, Guatemala has announced a minimum wage increase for 2023.
Workers in the Guatemala City Department, corresponding to economic circumscription 1, will receive a 7% increase. Businesses within circumscription 2 will receive a 4% increase.
Both circumscriptions are to also receive a monthly bonus of Q250.00, as per the below.
These increases are effective as of 1 January 2023.
Economic circumscription 1 (Guatemala City department)
| Activity | Daily Wage | Monthly Wage | Incentive Bonus | Total Salary |
|---|---|---|---|---|
| Agricultural | Q101.05 | Q3,073.60 | Q250.00 | Q3,323.60 |
| Non-agricultural | Q104.10 | Q3,166.38 | Q250.00 | Q3,416.38 |
| Export & Maquila | Q95.13 | Q2,893.54 | Q250.00 | Q3,143.54 |
Economic circumscription 2 (Outside Guatemala City department)
| Activity | Daily Wage | Monthly Wage | Incentive Bonus | Total Salary |
|---|---|---|---|---|
| Agricultural | Q98.22 | Q2,987.53 | Q250.00 | Q3,237.53 |
| Non-agricultural | Q101.18 | Q3,077.56 | Q250.00 | Q3,327.56 |
| Export & Maquila | Q92.47 | Q2,812.63 | Q250.00 | Q3,062.63 |
The original announcement can be found on the website of the Guatemalan Government.
Our team of experts in Guatemala is on hand to answer any questions on how this will affect your operations in Guatemala – simply get in touch!
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