Key Facts: Paraguay vs Taiwan Wages
- Paraguay Minimum Wage
- ₲14,574/hr ($1.94 USD)
- Taiwan Minimum Wage
- NT$190/hr ($6.11 USD)
- Paraguay Avg. Gross Monthly Salary
- ₲4,500,000 /mo ($598.40 USD)
- Taiwan Avg. Gross Monthly Salary
- NT$58,000 /mo ($1,864.95 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), Ministry of Labor (MOL), Republic of China (Taiwan) (2026-02-24)
Paraguay 
Taiwan
Updated 2026-05-04
The minimum wage in Paraguay is 68% lower than in Taiwan in USD terms, though average salaries tell a different story. Average gross salaries diverge further: $598/mo in Paraguay versus $1,865/mo in Taiwan, a 3.1:1 ratio.
Detailed Comparison
| Metric | Paraguay | Taiwan |
|---|---|---|
| Minimum wage /hr | ₲14,574 $1.94 | NT$190 $6.11 |
| Minimum wage /day | ₲93,277 $12.40 | — |
| Minimum wage /mo | ₲2,798,309 $372.12 | NT$28,590 $919.29 |
| Minimum wage /yr | ₲33,579,708 $4,465.39 | NT$343,080 $11,031.51 |
| Avg. gross salary /mo | ₲4,500,000 /mo $598.40 | NT$58,000 /mo $1,864.95 |
| Avg. net salary /mo | ₲4,050,000 /mo $538.56 | NT$50,500 /mo $1,623.79 |
| Median individual income /yr | ₲26,400,000 /yr $3,510.64 | NT$546,000 /yr $17,556.27 |
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.
- Taiwan
-
40 hrs/wk standard
Max 40 hrs/wk
Overtime : 1.34x pay
Labour Standards Act sets 40 hours/week, 8 hours/day. Two mandatory rest days per week (one fixed, one flexible). Overtime: first 2 hrs at 1.34x, next 2 hrs at 1.67x. Monthly overtime cap of 46 hours (may be extended to 54 hours with union/labour-management agreement, max 138 hrs/3 months).
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker in Paraguay earns 215% less per hour in USD terms than one in Taiwan. Standard work weeks differ: Paraguay mandates 48 hours while Taiwan mandates 40 hours. A minimum wage worker's weekly earnings in Paraguay are $93 vs $244 in Taiwan.
See this comparison from Taiwan's perspective: Taiwan vs Paraguay
Compare Paraguay with...
Paraguay vs United States $ 7.25 /hr 
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 Switzerland 
Paraguay vs Poland zł 31.4 /hr 
Paraguay vs Thailand ฿ 10,400 /mo 
Paraguay vs Sweden 
Paraguay vs Argentina ARS 1,762 /hr 
Paraguay vs Singapore 
Paraguay vs Norway Frequently Asked Questions
Is the minimum wage higher in Paraguay or Taiwan?
In Paraguay, the minimum wage is ₲14,574/hr ($1.94 USD). In Taiwan, it is NT$190/hr ($6.11 USD). Taiwan has the higher rate by 215% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Paraguay may retain a larger share of their earnings if prices there are lower.
How much less does the average worker earn in Paraguay compared to Taiwan?
The average gross salary in Paraguay is ₲4,500,000/mo ($598.40 USD), compared to NT$58,000/mo ($1,864.95 USD) in Taiwan. In USD terms, workers in Paraguay earn approximately 212% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Paraguay and Taiwan is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Taiwan earn more in nominal terms, though how far that income stretches depends on local prices in Paraguay.
How do work hours compare between Paraguay and Taiwan?
Paraguay has a longer standard work week at 48 hours, compared to 40 hours in Taiwan. Workers in Paraguay work 48 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Taiwan working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.