Key information about Bolivia Monthly Earnings

• Bolivia Monthly Earnings stood at 728 USD in Dec 2023, compared with the previous figure of 731 USD in Dec 2022
• Bolivia Monthly Earnings data is updated yearly, available from Dec 1996 to Dec 2023, with an average number of 393 USD
• The data reached the an all-time high of 731 USD in Dec 2022 and a record low of 267 USD in Dec 1996

CEIC converts Monthly Earnings into USD. National Statistics Institute provides Average Monthly Earnings in local currency. The Central Bank of Bolivia average market exchange rate is used for currency conversions. Monthly Earnings cover Private Sector in major cities only - La Paz, Cochabamba, and Santa Cruz. Monthly Earnings are calculated by source as the average of monthly earnings for June and December only.


Further information about Bolivia Monthly Earnings

• In the latest reports, Bolivia Population reached 12 million people in Dec 2020
• Unemployment Rate of Bolivia dropped to 3 % in Sep 2024
• The country's Labour Force Participation Rate increased to 78 % in Sep 2022

Bolivia Average Monthly Nominal Salary: Commerce data was reported at 3,611.000 BOB in 2023. This records a decrease from the previous number of 3,690.000 BOB for 2022. Bolivia Average Monthly Nominal Salary: Commerce data is updated yearly, averaging 2,393.000 BOB from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 3,690.000 BOB in 2022 and a record low of 1,381.000 BOB in 1996. Bolivia Average Monthly Nominal Salary: Commerce data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G008: Household Survey: Average Monthly Nominal Salary.

Bolivia Average Monthly Nominal Wage Index: Hotels data was reported at 301.300 1995=100 in 2023. This records a decrease from the previous number of 330.940 1995=100 for 2022. Bolivia Average Monthly Nominal Wage Index: Hotels data is updated yearly, averaging 175.710 1995=100 from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 330.940 1995=100 in 2022 and a record low of 103.710 1995=100 in 1996. Bolivia Average Monthly Nominal Wage Index: Hotels data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G012: Household Survey: Average Monthly Nominal Wage Index: By Industry.

The national gross income per capita in Bolivia increased by 170 U.S. dollars (+5.33 percent) in 2021. In total, the national gross income amounted to 3,360 U.S. dollars in 2021. Notably, the national gross income has been, with the exception of 2020, continuously increasing over the last years.Gross national income (GNI) per capita is the total amount of money received by a country (regardless of whether it originates in the country or abroad) divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which uses a price adjusted, three year moving average, which smooths out exchange rate fluctuations.Find more statistics on other topics about Bolivia with key insights such as value added by the services industry to the gross domestic product, value added to gross domestic product by the manufacturing sector, and share of value added by the services industry to gross domestic product.

In 2024, Bolivia scored 0.65 on the gender gap index area of economic participation and opportunity. This means that women are at a 35 percent disadvantage in this area in comparison to men. Moreover, the South American country had a score of 0.61 in estimated earned income, which shows that, on average, women in Bolivia earn 61 percent of the income earned by men. Overall, Bolivia scored 0.75 in the gender gap index.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2024, workers in the Central American country enjoy a basic monthly wage of over 687 U.S. dollars, an increase of 1.83 percent compared to the previous year and over 100 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than three dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

Bolivia Average Monthly Nominal Salary Index: Sugar, Cocoa, Chocolate & Edible Products Manufacturing data was reported at 694.770 1995=100 in 2023. This records an increase from the previous number of 694.050 1995=100 for 2022. Bolivia Average Monthly Nominal Salary Index: Sugar, Cocoa, Chocolate & Edible Products Manufacturing data is updated yearly, averaging 225.465 1995=100 from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 694.770 1995=100 in 2023 and a record low of 108.820 1995=100 in 1996. Bolivia Average Monthly Nominal Salary Index: Sugar, Cocoa, Chocolate & Edible Products Manufacturing data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G010: Household Survey: Average Monthly Nominal Salary Index: By Industry.

Bolivia Average Monthly Nominal Salary: Production & Distribution of Electricity, Gas & Water data was reported at 13,105.000 BOB in 2023. This records an increase from the previous number of 12,899.000 BOB for 2022. Bolivia Average Monthly Nominal Salary: Production & Distribution of Electricity, Gas & Water data is updated yearly, averaging 6,626.000 BOB from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 13,105.000 BOB in 2023 and a record low of 2,841.000 BOB in 1996. Bolivia Average Monthly Nominal Salary: Production & Distribution of Electricity, Gas & Water data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G008: Household Survey: Average Monthly Nominal Salary.

About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Bolivia. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2011 and 2021, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

• White: In Bolivia, the median household income for the households where the householder is White decreased by $39,727(52.65%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $75,458 in 2011 and $35,731 in 2021.
• Black or African American: Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
• Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households

https://i.neilsberg.com/ch/bolivia-nc-median-household-income-by-race-trends.jpeg" alt="Bolivia, NC median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Bolivia.
• 2010: 2010 median household income
• 2011: 2011 median household income
• 2012: 2012 median household income
• 2013: 2013 median household income
• 2014: 2014 median household income
• 2015: 2015 median household income
• 2016: 2016 median household income
• 2017: 2017 median household income
• 2018: 2018 median household income
• 2019: 2019 median household income
• 2020: 2020 median household income
• 2021: 2021 median household income
• 2022: 2022 median household income
• Please note: 2020 1-Year ACS estimates data was not reported by Census Bureau due to impact on survey collection and analysis during COVID-19, thus for large cities (population 65,000 and above) median household income data is not available.
• Please note: All incomes have been adjusted for inflation and are presented in 2022-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Bolivia median household income by race. You can refer the same here

Bolivia Average Monthly Nominal Salary: Real Estate, Renting & Business Activities data was reported at 4,954.000 BOB in 2023. This records a decrease from the previous number of 5,266.000 BOB for 2022. Bolivia Average Monthly Nominal Salary: Real Estate, Renting & Business Activities data is updated yearly, averaging 3,444.000 BOB from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 5,561.000 BOB in 2018 and a record low of 1,645.000 BOB in 1999. Bolivia Average Monthly Nominal Salary: Real Estate, Renting & Business Activities data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G008: Household Survey: Average Monthly Nominal Salary.

Bolivia's gasoline index has experienced a significant decrease between 2019 and 2024. In the former year, more than 1,600 liters of gasoline could be purchased on an average monthly net salary. By 2024, this figure had more than halved.

Bolivia Average Monthly Nominal Salary Index: Professionals data was reported at 176.650 1995=100 in 2023. This records a decrease from the previous number of 193.320 1995=100 for 2022. Bolivia Average Monthly Nominal Salary Index: Professionals data is updated yearly, averaging 186.540 1995=100 from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 269.040 1995=100 in 2018 and a record low of 106.090 1995=100 in 1996. Bolivia Average Monthly Nominal Salary Index: Professionals data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G011: Household Survey: Average Monthly Nominal Salary Index: By Occupation.

Bolivia Average Monthly Nominal Salary Index: Directors & Managers data was reported at 308.190 1995=100 in 2023. This records a decrease from the previous number of 336.120 1995=100 for 2022. Bolivia Average Monthly Nominal Salary Index: Directors & Managers data is updated yearly, averaging 215.830 1995=100 from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 356.300 1995=100 in 2015 and a record low of 106.520 1995=100 in 1996. Bolivia Average Monthly Nominal Salary Index: Directors & Managers data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G011: Household Survey: Average Monthly Nominal Salary Index: By Occupation.

Bolivia Average Monthly Nominal Salary: Dairy Products data was reported at 5,092.000 BOB in 2023. This records an increase from the previous number of 4,902.000 BOB for 2022. Bolivia Average Monthly Nominal Salary: Dairy Products data is updated yearly, averaging 1,893.500 BOB from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 5,092.000 BOB in 2023 and a record low of 1,096.000 BOB in 1997. Bolivia Average Monthly Nominal Salary: Dairy Products data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G008: Household Survey: Average Monthly Nominal Salary.

Bolivia Average Monthly Nominal Salary Index: Health & Social Work data was reported at 445.890 1995=100 in 2023. This records a decrease from the previous number of 476.980 1995=100 for 2022. Bolivia Average Monthly Nominal Salary Index: Health & Social Work data is updated yearly, averaging 207.495 1995=100 from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 483.660 1995=100 in 2021 and a record low of 112.600 1995=100 in 1996. Bolivia Average Monthly Nominal Salary Index: Health & Social Work data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G010: Household Survey: Average Monthly Nominal Salary Index: By Industry.

Bolivia Average Monthly Nominal Salary: Primary, Secondary & Higher Education data was reported at 4,749.000 BOB in 2023. This records a decrease from the previous number of 4,770.000 BOB for 2022. Bolivia Average Monthly Nominal Salary: Primary, Secondary & Higher Education data is updated yearly, averaging 2,362.000 BOB from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 4,770.000 BOB in 2022 and a record low of 963.000 BOB in 1996. Bolivia Average Monthly Nominal Salary: Primary, Secondary & Higher Education data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G008: Household Survey: Average Monthly Nominal Salary.

Bolivia Average Monthly Nominal Salary: Manufacturing (Mfg): Beverages & Tobacco data was reported at 4,517.000 BOB in 2023. This records an increase from the previous number of 4,511.000 BOB for 2022. Bolivia Average Monthly Nominal Salary: Manufacturing (Mfg): Beverages & Tobacco data is updated yearly, averaging 2,095.500 BOB from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 4,916.000 BOB in 2019 and a record low of 1,581.000 BOB in 1996. Bolivia Average Monthly Nominal Salary: Manufacturing (Mfg): Beverages & Tobacco data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G008: Household Survey: Average Monthly Nominal Salary.

Bolivia Average Monthly Nominal Salary: Transport & Storage data was reported at 5,545.000 BOB in 2023. This records an increase from the previous number of 5,324.000 BOB for 2022. Bolivia Average Monthly Nominal Salary: Transport & Storage data is updated yearly, averaging 3,358.000 BOB from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 5,545.000 BOB in 2023 and a record low of 1,816.000 BOB in 1996. Bolivia Average Monthly Nominal Salary: Transport & Storage data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G008: Household Survey: Average Monthly Nominal Salary.

Bolivia Average Monthly Nominal Salary: Bakery & Mill products data was reported at 3,298.000 BOB in 2023. This records a decrease from the previous number of 3,328.000 BOB for 2022. Bolivia Average Monthly Nominal Salary: Bakery & Mill products data is updated yearly, averaging 1,570.000 BOB from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 3,328.000 BOB in 2022 and a record low of 742.000 BOB in 1996. Bolivia Average Monthly Nominal Salary: Bakery & Mill products data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G008: Household Survey: Average Monthly Nominal Salary.

Bolivia Average Monthly Nominal Salary: Communications data was reported at 7,873.000 BOB in 2023. This records a decrease from the previous number of 8,139.000 BOB for 2022. Bolivia Average Monthly Nominal Salary: Communications data is updated yearly, averaging 6,162.500 BOB from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 8,611.000 BOB in 2018 and a record low of 3,293.000 BOB in 1996. Bolivia Average Monthly Nominal Salary: Communications data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Bolivia – Table BO.G008: Household Survey: Average Monthly Nominal Salary.