Key Facts: Paraguay vs North Korea Wages
- Paraguay Minimum Wage
- ₲14,574/hr ($1.94 USD)
- North Korea Minimum Wage
- No statutory minimum wage
- Paraguay Avg. Gross Monthly Salary
- ₲4,500,000 /mo ($598.40 USD)
- North Korea Avg. Gross Monthly Salary
- ₩100,000 /mo ($111.11 USD)
- Data Sources
- Ministerio de Trabajo, Empleo y Seguridad Social (MTESS); 2024 figure corrected via Wikipedia List of countries by minimum wage (eff 2024-07-01) (2026-05-04), ILO / World Bank / Korea Institute for National Unification (KINU) / NK News (2026-02-25)
Paraguay 
North Korea
Updated 2026-05-04
Unlike North Korea, which has no statutory minimum wage, Paraguay mandates a wage floor of $2/hr. Average gross salaries diverge further: $598/mo in Paraguay versus $111/mo in North Korea, a 5.4:1 ratio.
Paraguay's unemployment rate is 4.8% compared to North Korea's 3.5%.
Detailed Comparison
| Metric | Paraguay | North Korea |
|---|---|---|
| Minimum wage /hr | ₲14,574 $1.94 | None |
| Minimum wage /day | ₲93,277 $12.40 | None |
| Minimum wage /mo | ₲2,798,309 $372.12 | None |
| Minimum wage /yr | ₲33,579,708 $4,465.39 | None |
| Avg. gross salary /mo | ₲4,500,000 /mo $598.40 | ₩100,000 /mo $111.11 |
| Avg. net salary /mo | ₲4,050,000 /mo $538.56 | ₩90,000 /mo $100 |
| Median individual income /yr | ₲26,400,000 /yr $3,510.64 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Paraguay is higher.
Work Week
- Paraguay
-
48 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Labour Code (Código del Trabajo) sets maximum at 48 hours/week for daytime work, 42 hours for night work, and 45 for mixed shifts. Overtime: 50% surcharge for daytime, 100% for night/holiday overtime. Weekly rest on Sunday is mandatory.
- North Korea
-
48 hrs/wk standard
The North Korean Labour Law formally sets an 8-hour working day. In practice, many workers are required to spend additional hours in compulsory political study, military training, and 'volunteer' labour campaigns. The actual workweek for state employees varies widely by sector and location. No independent verification of labour conditions is possible.
See this comparison from North Korea's perspective: North Korea vs Paraguay
Compare Paraguay with...
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Paraguay vs China ¥ 25 /hr 
Paraguay vs Germany € 13.9 /hr 
Paraguay vs United Kingdom £ 12.71 /hr 
Paraguay vs India ₹ 4,576 /mo 
Paraguay vs Japan ¥ 1,121 /hr 
Paraguay vs France € 12.02 /hr 
Paraguay vs South Korea ₩ 10,320 /hr 
Paraguay vs Canada C$ 18.1 /hr 
Paraguay vs Australia A$ 24.95 /hr 
Paraguay vs Brazil R$ 7.37 /hr 
Paraguay vs Russia ₽ 156.31 /hr 
Paraguay vs Mexico MX$ 9,583.52 /mo 
Paraguay vs Indonesia Rp 33,058 /hr 
Paraguay vs Netherlands € 14.71 /hr 
Paraguay vs Saudi Arabia ﷼ 23.08 /hr 
Paraguay vs Turkey ₺ 164.94 /hr 
Paraguay vs Taiwan NT$ 190 /hr 
Paraguay vs Switzerland 
Paraguay vs Poland zł 31.4 /hr 
Paraguay vs Thailand ฿ 10,400 /mo 
Paraguay vs Sweden 
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Paraguay vs Singapore Frequently Asked Questions
Is the minimum wage higher in Paraguay or North Korea?
In Paraguay, the minimum wage is ₲14,574/hr ($1.94 USD). In North Korea, it is no statutory minimum wage.
How much more does the average worker earn in Paraguay compared to North Korea?
The average gross salary in Paraguay is ₲4,500,000/mo ($598.40 USD), compared to ₩100,000/mo ($111.11 USD) in North Korea. In USD terms, workers in Paraguay earn approximately 439% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Paraguay and North Korea is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Paraguay earn more in nominal terms, though how far that income stretches depends on local prices in North Korea.
How do work hours compare between Paraguay and North Korea?
Both Paraguay and North Korea mandate a similar standard work week of 48 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.