Minimum Wages in Chile will increased to 400000 CLP/Month from August 1st 2022. source: Ministry of Labor and Social Welfare

Minimum Wages in Chile averaged 231093.39 CLP/Month from 2003 until 2022, reaching an all time high of 400000 CLP/Month in 2022 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 July of 2022.

Minimum Wages in Chile is expected to reach 400000.00 CLP/Month by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Minimum Monthly Wages is projected to trend around 420000.00 CLP/Month in 2023, according to our econometric models.

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Chile Minimum Monthly Wages

Related Last Previous Unit Reference
Minimum Wages 400000.00 380000.00 CLP/Month Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
400000.00 380000.00 400000.00 115648.00 2003 - 2022 CLP/Month Yearly