Chile Hourly Wage - Forecast

Wages in Chile is expected to be 4549.15 CLP/Hour by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Chile to stand at 4020.00 in 12 months time. In the long-term, the Chile Hourly Wage is projected to trend around 4040.00 CLP/Hour in 2020, according to our econometric models.


Chile Hourly Wage
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Chile Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 6.5 6.6 6.4 6.7 6.7 6.5
Employed Persons 8372 8447 8434 8421 8411 8335
Unemployed Persons 579 580 575 575 570 550
Employment Rate 56.09 56.24 56.07 55.95 55.84 55.38
Labor Force Participation Rate 59.97 59.86 59.72 59.64 59.58 59.41
Job Vacancies 22.4 26.29 27.95 29.2 30.37 42.09
Wages 4553 4549 4030 4035 4020 4040
Wages in Manufacturing 107 109 110 111 112 115
Minimum Wages 276000 276000 276000 276000 276000 295000
Population 18.19 18.2 18.2 18.37 18.2 18.88
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 65 65 65 65 65 65
Wages Low Skilled 375500 380481 382223 383965 385707 383498
Wages High Skilled 1161900 1171346 1167974 1164603 1161231 1161312
Living Wage Family 622100 614019 614139 614260 614381 614699
Living Wage Individual 400300 392486 392692 392898 393105 393982