Minimum Wages in Chile increased to 320500 CLP/Month in 2020 from 301000 CLP/Month in 2019.

Minimum Wages in Chile averaged 203770.95 CLP/Month from 2003 until 2020, reaching an all time high of 320500 CLP/Month in 2020 and a record low of 115648 CLP/Month in 2003. This page provides the latest reported value for - Chile Minimum Monthly Wages - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Chile Minimum Monthly Wages - values, historical data and charts - was last updated on October of 2020. source: Ministry of Labor and Social Welfare

Minimum Wages in Chile is expected to reach 320500.00 CLP/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Minimum Monthly Wages is projected to trend around 340000.00 CLP/Month in 2021 and 360000.00 CLP/Month in 2022, according to our econometric models.

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Chile Minimum Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
320500.00 301000.00 320500.00 115648.00 2003 - 2020 CLP/Month Yearly

Chile Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.90 13.10 13.50 5.10 percent [+]
Employed Persons 7192.21 7073.19 9118.18 6478.51 Thousand [+]
Unemployed Persons 1067.68 1065.45 1067.68 497.52 Thousand [+]
Employment Rate 45.70 45.00 59.10 45.00 percent [+]
Labor Force Participation Rate 52.50 51.80 63.40 51.80 percent [+]
Job Vacancies 3.50 2.20 167.10 2.00 points [+]
Wages 5060.35 5053.58 5091.68 2570.67 CLP/Hour [+]
Wages in Manufacturing 120.02 120.14 143.51 97.75 points [+]
Minimum Wages 320500.00 301000.00 320500.00 115648.00 CLP/Month [+]
Population 19.11 18.75 19.11 7.65 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]


Chile Minimum Monthly Wages
In Chile, minimum wage refers to lowest gross monthly income. The minimum wage is revised every year in July taking into account expected inflation for the next 12 months, productivity and unemployment. In 2014, 11 percent of the total Chilean work force were under the minimum wage.