INTERNATIONAL LABOUR ORGANIZATION. Subcommittee on Wages of Seafarers of the Joint Maritime Commission

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1 INTERNATIONAL LABOUR ORGANIZATION Subcommittee on Wages of Seafarers of the Joint Maritime Commission SWJMC/2018/1 Geneva November 2018 Updating of the minimum monthly basic pay or wage figure for able seafarers: The Seafarers Wages, Hours of Work and the Manning of Ships Recommendation, 1996 (No. 187) Maritime Labour Convention, 2006, as amended, Guideline B2.2.4 Minimum monthly basic pay or wage figure for able seafarers Calculations based on updated figures up to See tables 1 and 2 attached. Table 1 shows the list of countries which are major maritime countries. Column 1 shows the changes that took place in consumer prices between 1 January 2017 and, the period to be used for adjustment, columns 2 and 3 present the average exchange rates as at 1 January 2017 and, and column 4 shows the purchasing power equivalent on of US$614 on 1 January 2017 in the 55 selected countries and areas. Table 2 contains the resulting data from column 4 of table 1 arranged in ascending order of magnitude. The median is then calculated using weights equal to one for countries and areas with less than 10,000 seafarers, and two for countries and areas with 10,000 or more seafarers, as required by the 1991 resolution. The median is 41.5 SWJMC-[SECTO ]-En.docx 1

2 (cumulated weight) corresponding to the mean average values of the Russian Federation (US$ ) and India (US$ ). 2 SWJMC-[SECTO ]-En.docx

3 Table 1. Changes in the purchasing power of the United States dollar in selected countries and areas, 1 January 2017 to 1 June 2017 Country or area Currency Consumer price index (base 1 Jan. 2017=100) Exchange rate 1 Jan Purchasing power equivalent on of US$614 on Jan [1] [2] [3] [4] Weights 1. Antigua and Barbuda East Caribbean dollar Bahamas Bahamian dollar Belgium Euro Belize Belizean dollar Bermuda (UK) Bermudian dollar Brazil Brazilian real Bulgaria Bulgarian lev Cambodia Cambodian riel Canada Canadian dollar Cayman Islands (UK) Caymanian dollar Chile Chilean peso China Chinese yuan renminbi Croatia Croatian kuna Cyprus Euro Denmark Danish krone France Euro Germany Euro Gibraltar Gibraltar pound Greece Euro Hong Kong, China Hong Kong dollar India Indian rupee Indonesia Indonesian rupiah Iran, Islamic Republic of Iranian rials Isle of Man (UK) Isle of Man pound Italy Euro Japan Japanese yen Korea, Republic of South Korean won Kuwait Kuwaiti dinar Liberia Liberian dollar Malaysia Malaysian ringgit Malta Euro Marshall Islands US dollar Myanmar Burmese kyat Netherlands Euro SWJMC-[SECTO ]-En.docx 3

4 Country or area Currency Consumer price index (base 1 Jan. 2017=100) Exchange rate 1 Jan Purchasing power equivalent on of US$614 on Jan Weights 35. Norway Norwegian krone Pakistan Pakistan rupee Panama Panamanian balboa Philippines Philippine peso Poland Polish zloty Portugal Euro Romania Romanian leu Russian Federation Russian ruble Saudi Arabia Saudi Arabian riyal Singapore Singapore dollar Spain Euro Sri Lanka Sri Lankan rupee St. Vincent and the Grenadines East Caribbean dollar Sweden Swedish krona Taiwan, China Taiwan New dollar Thailand Thai baht Turkey Turkish lira Ukraine Ukrainian hryvnia United Kingdom British pound United States US dollar Vietnam Vietnamese dong Notes: Price index data for the Marshall Islands for 2009 onwards were estimated with prices of Fiji and Guam. Price index data for Gibraltar relate to October 2016 and April 2018, and for Marshall Islands to November 2016 and February Sources: Data for consumer price indices (CPI) were obtained from the International Money Fund database with the exception of Bermuda ( Cayman Islands ( Isle of Man ( and Taiwan ( Exchange rates were obtained from the International Money Fund database ( Table 2. Countries and areas arranged in ascending order of purchasing power, with corresponding weights (2017 list of countries) Country or area Number of US$ on with the same purchasing power as US$614 on 1 January 2017 Weighting Cumulative weighting Liberia Iran, Islamic Republic of Turkey Pakistan Brazil Sri Lanka Philippines SWJMC-[SECTO ]-En.docx

5 Country or area Number of US$ on with the same purchasing power as US$614 on 1 January 2017 Weighting Cumulative weighting Belize Indonesia Panama Hong Kong, China Marshall Islands Kuwait Saudi Arabia Vietnam Antigua and Barbuda Bahamas Bermuda (UK) Cayman Islands (UK) Cambodia Japan St. Vincent and the Grenadines United States Myanmar Singapore Russian Federation India Canada Taiwan, China Sweden Norway China Chile Korea, Republic of Gibraltar Cyprus Thailand Malta Greece Denmark United Kingdom Romania Italy Spain Malaysia Belgium Germany SWJMC-[SECTO ]-En.docx 5

6 Country or area Number of US$ on with the same purchasing power as US$614 on 1 January 2017 Weighting Cumulative weighting Bulgaria Netherlands France Portugal Croatia Ukraine Isle of Man (UK) Poland Median SWJMC-[SECTO ]-En.docx

Calculations based on updated figures up to 1 March 2011

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