Living Wage Family in El Salvador decreased to 515 SVC/Month in 2018 from 530 SVC/Month in 2017. Living Wage Family in El Salvador averaged 507.50 SVC/Month from 2015 until 2018, reaching an all time high of 530 SVC/Month in 2017 and a record low of 475 SVC/Month in 2015.

Living Wage Family in El Salvador is expected to be 532.88 SVC/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the El Salvador Living Wage Family is projected to trend around 515.00 SVC/Month in 2020, according to our econometric models.

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El Salvador Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
515.00 530.00 530.00 475.00 2015 - 2018 SVC/Month yearly

El Salvador 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.

El Salvador Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.40 7.00 7.97 5.88 percent [+]
Unemployed Persons 190724.00 208694.00 208694.00 146858.00 [+]
Labor Force Participation Rate 61.90 62.20 63.60 52.40 percent [+]
Population 6.42 6.39 6.42 2.20 Million [+]
Wages High Skilled 831.00 828.00 831.00 792.00 SVC/Month [+]
Wages Low Skilled 291.00 303.00 305.00 273.00 SVC/Month [+]
Youth Unemployment Rate 14.40 14.20 15.00 8.90 percent [+]
Living Wage Family 515.00 530.00 530.00 475.00 SVC/Month [+]
Living Wage Individual 325.00 325.00 325.00 290.00 SVC/Month [+]
Employed Persons 275209.00 272702.00 275209.00 146858.00 [+]
Employment Rate 45.24 44.98 45.24 40.40 percent [+]