Peru Minimum Monthly Wage - Forecast

Minimum Wages in Peru is expected to be 850.00 PEN/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Peru to stand at 956.05 in 12 months time. In the long-term, the Peru Minimum Monthly Wage is projected to trend around 900.00 PEN/Month in 2020, according to our econometric models.


Forecast Data Chart
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Peru Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 6.2 6.6 7 6.8 7.2 7.2
Employed Persons 4916 4900 4850 4810 4800 4950
Unemployed Persons 324 325 335 325 330 345
Wages 1796 1660 1740 1785 1787 1700
Minimum Wages 930 850 900 956 964 900
Population 31.83 32.07 32.54 32.54 32.54 33.17
Wages High Skilled 4190 4250 4350 4350 4350 4500
Wages Low Skilled 1220 1100 1280 1280 1280 1350
Living Wage Family 1540 1650 1740 1740 1740 1780
Living Wage Individual 895 895 950 950 950 1000
Employment Rate 63.2 64.5 63.7 63.5 62.9 65