Living Wage Family in Chile decreased to 599700 CLP/Month in 2018 from 600000 CLP/Month in 2017. Living Wage Family in Chile averaged 594500 CLP/Month from 2015 until 2018, reaching an all time high of 600000 CLP/Month in 2017 and a record low of 584400 CLP/Month in 2016.

Living Wage Family in Chile is expected to be 630000.00 CLP/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Living Wage Family is projected to trend around 640000.00 CLP/Month in 2020, according to our econometric models.

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Chile Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
599700.00 600000.00 600000.00 584400.00 2015 - 2018 CLP/Month yearly

Chile Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.

Chile Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.90 7.00 13.50 5.10 percent [+]
Employed Persons 8532.26 8484.47 8532.26 6478.51 Thousand [+]
Unemployed Persons 630.44 639.59 855.70 468.14 Thousand [+]
Employment Rate 55.14 54.92 56.67 52.47 percent [+]
Labor Force Participation Rate 59.22 59.06 60.37 57.69 percent [+]
Job Vacancies 11.80 17.50 167.10 11.80 points [+]
Wages 4958.57 4939.90 4958.57 2570.67 CLP/Hour [+]
Wages in Manufacturing 115.63 115.80 143.51 97.75 points [+]
Minimum Wages 301000.00 276000.00 301000.00 115648.00 CLP/Month [+]
Population 18.75 18.37 18.75 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 [+]
Wages Low Skilled 388700.00 397600.00 397600.00 363600.00 CLP/Month [+]
Wages High Skilled 1154700.00 1149700.00 1179700.00 1112800.00 CLP/Month [+]
Living Wage Family 599700.00 600000.00 600000.00 584400.00 CLP/Month [+]
Living Wage Individual 388600.00 394100.00 394100.00 379500.00 CLP/Month [+]