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Netherlands Minimum Wage 2021 and 2022

by Financial Economy
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The Netherlands, one of Europe’s most developed economies, was deeply affected by the Covid-19 outbreak. According to the statement made by the IMF, the Dutch economy is expected to shrink by 7.7 percent in 2020. The predictions for 2021 will be shaped according to the course of the Coronavirus epidemic. The contraction in the Dutch economy will directly affect the hike in the minimum wage. The minimum wage, which was increased by 2.5 percent in 2020, is expected to be increased by 2 percent in 2021 and 1 percent in 2022. Netherlands minimum wage 2021 and 2022 let’s take a closer look at how much…

Minimum Salary in the Netherlands by Age, Hourly and Daily!

In the Netherlands, the minimum wage is not applied monthly. The minimum wage in the country is determined on an hourly and daily basis. In the Netherlands, the minimum hourly wage may differ depending on the age of the employees and the sector they work in. The minimum working age in the country is 15. However, there are various criteria determined for people between the ages of 15 and 18 to work.

As of 2020, the daily wage of a 15-year-old employee in the Netherlands starts from 23.26 Euros. This fee can be given as the lowest rate that can be earned per day in the Netherlands. For an 18-year-old employee, this fee is 38.77 Euros, while for those 21 years and over, this amount is 77.54 Euros.

How Much Netherlands Minimum Wage 2021 and 2022 Net?

The increase in the minimum wage in the Netherlands will be lower than in other years due to the Covid-19 process. Accordingly, the lowest wage to be applied in the Netherlands in 2021 is expected to be as follows.

Age Per Month Per Week Per day
21 age and older € 1.717,00 € 396,25 € 79,25
20 age € 1.374,65 € 317,25 € 63,45
19 age € 1.030,25 € 237,75 € 47,55
18 age € 859,05 € 198,25 € 39,65
17 age € 679,30 € 156,75 € 31,35
16 age € 593,15 € 136,90 € 27,38
15 age € 515,60 € 118,95 € 23,79

In 2022, the lowest wage is expected to rise a little further in the Netherlands. The raise rate is currently planned to be just over 1 percent. The expectation that the rate of hike will be at this level is in parallel with the contraction in the economy due to the Covid-19 process. In the light of expectations, the minimum wage scale to be realized in the Netherlands in 2022 will be as follows.

Age Per Month Per Week Per Day
21 age and older € 1.745,00 € 402,5 € 80,50
20 age € 1.395,75 € 322,00 € 64,35
19 age € 1.045,25 € 241,5 € 48,25
18 age € 873,25 € 201,25 € 40,25
17 age € 672,00 € 159,50 € 31,90
16 age € 601,95 € 138,75 € 27,75
15 age € 523,90 € 120,50 € 24,10

Source: https://www.statista.com/statistics/642965/forecast-of-the-annual-change-of-wages-in-private-sector-in-the-netherland/

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2 comments

Elijah 3 October 2020 - 02:45

netherlands minimum salary per hour i think 10 usd or more

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Jameson 3 October 2020 - 02:45

min. salary netherlands amsterdam 1300 euro per mounth

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