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. El Salvador Living Wage Family - values, historical data and charts - was last updated on May of 2020.

Living Wage Family in El Salvador is expected to reach 515.00 SVC/Month by the end of 2020, 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 530.00 SVC/Month in 2021, 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 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 6.45 6.42 6.45 2.20 Million [+]
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 [+]
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 [+]


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.