Minimum Wages in Chile increased to 337000 CLP/Month in 2021 from 326500 CLP/Month in 2020. source: Ministry of Labor and Social Welfare

Minimum Wages in Chile averaged 215959.43 CLP/Month from 2003 until 2021, reaching an all time high of 337000 CLP/Month in 2021 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 September of 2021.

Minimum Wages in Chile is expected to reach 337000.00 CLP/Month by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Minimum Monthly Wages is projected to trend around 347000.00 CLP/Month in 2022 and 360000.00 CLP/Month in 2023, according to our econometric models.

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Chile Minimum Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
337000.00 326500.00 337000.00 115648.00 2003 - 2021 CLP/Month Yearly

Chile Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.90 9.50 13.50 5.10 percent [+]
Employed Persons 8148.95 8041.19 9118.18 6478.51 Thousand [+]
Unemployed Persons 799.38 843.76 1067.68 497.52 Thousand [+]
Employment Rate 51.20 50.60 59.10 45.00 percent [+]
Labor Force Participation Rate 56.20 55.90 63.40 51.80 percent [+]
Job Vacancies 14.60 13.50 167.10 2.00 points [+]
Wages 5378.00 5359.23 5384.52 2570.67 CLP/Hour [+]
Wages in Manufacturing 126.73 124.79 143.51 97.75 points [+]
Minimum Wages 337000.00 326500.00 337000.00 115648.00 CLP/Month [+]
Population 19.46 19.11 19.46 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.