From 2016 to 2022, the average annual wage in Chile has decreased from 35,489 to 33,649 U.S. dollars, based on constant values.

Throughout the time displayed, the average monthly income in Chile has consistently increased since the beginning, reaching its highest amount in 2023 at 826,500 Chilean pesos.

As of 2022, the bottom 50 percent in Chile, that is, the population whose income lied below the median, earned on average 4,800 U.S. dollars at purchasing power parity (PPP) before income taxes. This is nearly 43 times less than the average income of the top ten percent, that stood at 215,000 USD that year. In relation to percentage distribution of national wealth in Chile, the top ten percent accounted for over 80 percent of the overall national wealth.

As of 2023, in Chile, the average monthly income has been higher in the region of Antofagasta, amounting to 1,085,900 Chilean pesos. This was followed by Magallanes and the Metropolitan area regions.

Throughout the time period displayed, the average monthly income has generally increased, but there is a notable disparity between males and females. In 2022, males received 850.4 Chilean pesos, whereas females received 633.3 Chilean pesos on average, indicating that women earned less monetary compensation compared to their male counterparts.

In 2023, the average income in Chile was found to be higher for workers in the directors and managers occupation, receiving around 2.3 million Chilean pesos. On the other hand, farmers and agricultural workers were positioned at the lower end of the income spectrum.

Chile Monthly Average Household Income: Northern Macrozone data was reported at 1,241,220.000 CLP in 2022. Chile Monthly Average Household Income: Northern Macrozone data is updated yearly, averaging 1,241,220.000 CLP from Dec 2022 (Median) to 2022, with 1 observations. The data reached an all-time high of 1,241,220.000 CLP in 2022 and a record low of 1,241,220.000 CLP in 2022. Chile Monthly Average Household Income: Northern Macrozone data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Chile – Table CL.H030: Household Budget Survey: Monthly Average Household Income.

In 2022, the striker was the best-paid soccer position in the two main professional soccer divisions in Chile. That year, a footballer playing on that position in the First Division earned on average 9.5 million Chilean pesos. In the country's second most important soccer league (Primera B), a striker had a salary of 2.2 million Chilean pesos on average.

Chile Monthly Average per Capita Household Income: Northern Macrozone data was reported at 456,972.000 CLP in 2022. Chile Monthly Average per Capita Household Income: Northern Macrozone data is updated yearly, averaging 456,972.000 CLP from Dec 2022 (Median) to 2022, with 1 observations. The data reached an all-time high of 456,972.000 CLP in 2022 and a record low of 456,972.000 CLP in 2022. Chile Monthly Average per Capita Household Income: Northern Macrozone data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Chile – Table CL.H030: Household Budget Survey: Monthly Average Household Income.

Chile: Bank non-interest income to total income, in percent: The latest value from 2021 is 26.75 percent, a decline from 27.33 percent in 2020. In comparison, the world average is 38.13 percent, based on data from 133 countries. Historically, the average for Chile from 2000 to 2021 is 27.64 percent. The minimum value, 19.2 percent, was reached in 2002 while the maximum of 44.82 percent was recorded in 2003.

In 2023, in the South American nation of Chile, employees with a graduate education background received the highest average monthly income, totaling approximately 2.09 million Chilean pesos. They were followed by the working population with an undergraduate education.

Chile CL: Wage And Salaried Workers: Modeled ILO Estimate: % of Total Employment data was reported at 75.355 % in 2023. This records a decrease from the previous number of 75.392 % for 2022. Chile CL: Wage And Salaried Workers: Modeled ILO Estimate: % of Total Employment data is updated yearly, averaging 74.518 % from Dec 1991 (Median) to 2023, with 33 observations. The data reached an all-time high of 76.743 % in 2006 and a record low of 73.628 % in 1992. Chile CL: Wage And Salaried Workers: Modeled ILO Estimate: % of Total Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Chile – Table CL.World Bank.WDI: Employment and Unemployment. Wage and salaried workers (employees) are those workers who hold the type of jobs defined as 'paid employment jobs,' where the incumbents hold explicit (written or oral) or implicit employment contracts that give them a basic remuneration that is not directly dependent upon the revenue of the unit for which they work.;International Labour Organization. “ILO modelled estimates database” ILOSTAT. Accessed January 07, 2025. https://ilostat.ilo.org/data/.;Weighted average;

Chile SS: Average Retirement Income: Rural data was reported at 185,767.021 CLP in 2017. This records an increase from the previous number of 172,639.371 CLP for 2015. Chile SS: Average Retirement Income: Rural data is updated yearly, averaging 156,555.974 CLP from Dec 2009 (Median) to 2017, with 5 observations. The data reached an all-time high of 185,767.021 CLP in 2017 and a record low of 127,967.362 CLP in 2009. Chile SS: Average Retirement Income: Rural data remains active status in CEIC and is reported by Ministry of Social Development. The data is categorized under Global Database’s Chile – Table CL.H022: National Socio-Economic Characterization Survey: Social Security.

Chile Monthly Average per Capita Household Income: Southern Macrozone data was reported at 509,534.000 CLP in 2022. Chile Monthly Average per Capita Household Income: Southern Macrozone data is updated yearly, averaging 509,534.000 CLP from Dec 2022 (Median) to 2022, with 1 observations. The data reached an all-time high of 509,534.000 CLP in 2022 and a record low of 509,534.000 CLP in 2022. Chile Monthly Average per Capita Household Income: Southern Macrozone data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Chile – Table CL.H030: Household Budget Survey: Monthly Average Household Income.

In 2023, the national gross income per capita in Chile increased by 390 U.S. dollars (+2.53 percent) compared to 2022. While the growth is slowing down, with 15,820 U.S. dollars, the national gross income is at its peak in the observed period. 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 Chile with key insights such as consumer expenditure, value added by the services industry to the gross domestic product, value added by the agriculture, forestry, and fishing sector to the gross domestic product.

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.

In 2018, it was estimated that Congress members in Chile had one of the highest monthly salaries in Latin America. Each member of the Chilean Chamber of Deputies, the National Congress' lower chamber, received a gross monthly income of more than 23,000 U.S. dollars. Mexico came in second among the countries shown in this graph, with an income of over 20,600 dollars per month. The regional average stood at around 10,200 dollars.

The average monthly expenditure on pet care in Chile exceeded 25,000 Chilean pesos in 2018, according to a survey conducted in the country. Pet care expenditure was directly related to household income, with pet owners from the upper income classes spending over 36 thousand pesos on average. In contrast, respondents from the lower income class spent an average of approximately 20,000 Chilean pesos per month.

According to a recent study, Colombia had the lowest monthly cost of living in Latin America with 546 U.S. dollars needed for basic living. In contrast, four countries had a cost of living above one thousand dollars, Costa Rica, Chile, Panama and Uruguay. In 2022, the highest minimum wage in the region was recorded by Ecuador with 425 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 22 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2022, the average net monthly salary in Brazil was lower than Ecuador's minimum wage.

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 more than 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.

Guyana was the South American country 20360the highest gross national income per capita, with 20,360 U.S. dollars per person in 2023. Uruguay ranked second, registering a GNI of 19,530 U.S. dollars per person, based on current prices. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. Which are the largest Latin American economies? Based on annual gross domestic product, which is the total amount of goods and services produced in a country per year, Brazil leads the regional ranking, followed by Mexico, Argentina, and Chile. Many Caribbean countries and territories hold the highest GDP per capita in this region, measurement that reflects how GDP would be divided if it was perfectly equally distributed among the population. GNI per capita is, however, a more exact calculation of wealth than GDP per capita, as it takes into consideration taxes paid and income receipts from abroad. How much inequality is there in Latin America? In many Latin American countries, more than half the total wealth created in their economies is held by the richest 20 percent of the population. When a small share of the population concentrates most of the wealth, millions of people don't have enough to make ends meet. For instance, in Brazil, about 5.32 percent of the population lives on less than 3.2 U.S. dollars per day.