Iraq ranks 61st worldwide for its monthly minimum wage after adjusting for purchasing power. The country records a PPP-adjusted figure of $626 per month. The ranking compares wage levels across 130 countries using local living costs.
The index comes from an international comparison published by Visual Capitalist. It adjusts statutory minimum wages based on purchasing power differences between economies. This approach offers a clearer view of what workers can afford locally.
Iraq sits within the upper-middle section of the global ranking. Its $626 figure places it slightly ahead of several developing and emerging economies. South Africa follows closely behind Iraq in 62nd place.
South Africa records a PPP-adjusted minimum wage of approximately $620 per month. Guyana ranks 63rd with a monthly figure of $619. The narrow gap shows Iraq’s position remains relatively close to neighboring entries.
Iraq also ranks ahead of several major emerging economies. China places 73rd with a PPP-adjusted monthly minimum wage of $544. Tunisia ranks 77th with a corresponding figure of $513.
The comparison changes considerably among the highest-ranked economies. Switzerland leads the global table with a PPP-adjusted minimum wage of $3,804 monthly. Germany, the United Kingdom, and the Netherlands also occupy leading positions.
The United States ranks 25th worldwide in the comparison. Its PPP-adjusted minimum wage reaches approximately $1,257 per month. That figure remains considerably higher than Iraq’s reported level.
At the opposite end, several developing economies record much lower figures. Niger ranks 121st with a PPP-adjusted minimum wage of $196 monthly. Ghana ranks 127th at $100, while Gambia sits last at $67.
The PPP method provides context that simple currency conversions cannot capture. Local prices can differ significantly even when wages have similar dollar values. Therefore, purchasing power can offer a different picture of household economic capacity.
Iraq’s 61st position places it above many countries in the 130-nation comparison. However, the ranking does not necessarily measure broader household income or overall living standards. It focuses specifically on statutory minimum wage levels after purchasing-power adjustments.
The figures also highlight major differences between wage floors worldwide. Wealthier European economies dominate the upper portion of the ranking. Meanwhile, several developing economies remain concentrated near the bottom.
For Iraq, the $626 figure provides one measure of the country’s relative wage position. The result also offers a useful comparison with other emerging markets. However, actual household purchasing power can vary based on employment, prices, taxes, and other economic factors.