Minimum Wages in Chile increased to 301000 CLP/Month in 2019 from 276000 CLP/Month in 2018. Chile Minimum Monthly Wages - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Minimum Wages in Chile averaged 197286 CLP/Month from 2003 until 2019, reaching an all time high of 301000 CLP/Month in 2019 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. source: Ministry of Labor and Social Welfare

Minimum Wages in Chile is expected to reach 320000.00 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, according to our econometric models.

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Chile Minimum Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
301000.00 276000.00 301000.00 115648.00 2003 - 2019 CLP/Month Yearly

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.