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.

Minimum Wages in Chile increased to 500000 CLP/Month in 2024 from 460000 CLP/Month in 2023. This dataset provides the latest reported value for - Chile Minimum Monthly Wages - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Key information about Chile Household Income per Capita

• Chile Annual Household Income per Capita reached 7,633.224 USD in Dec 2022, compared with the previous value of 7,871.269 USD in Dec 2017.
• Chile Annual Household Income per Capita data is updated yearly, available from Dec 2012 to Dec 2022, with an averaged value of 7,871.269 USD.
• The data reached an all-time high of 8,507.414 USD in Dec 2012 and a record low of 7,633.224 USD in Dec 2022.
• In the latest reports, Retail Sales of Chile grew 2.340 % YoY in Apr 2024.

CEIC calculates Annual Household Income per Capita from Monthly Average Household Income per Capita multiplied by 12 and converts it into USD. The National Institute of Statistics provides Average Household Income per Capita in local currency. Central Bank of Chile average market exchange rate is used for currency conversions.

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.

Chile Monthly Average Household Income data was reported at 1,193,456.000 CLP in 2017. This records an increase from the previous number of 1,025,313.000 CLP for 2012. Chile Monthly Average Household Income data is updated yearly, averaging 1,109,384.500 CLP from Dec 2012 (Median) to 2017, with 2 observations. The data reached an all-time high of 1,193,456.000 CLP in 2017 and a record low of 1,025,313.000 CLP in 2012. Chile Monthly Average Household Income 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.H015: Family Budget Survey: Monthly Average Household Income.

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 Average Building Cost Index: Wages & Salaries data was reported at 8,046.873 1978=100 in Dec 2018. This records an increase from the previous number of 8,006.870 1978=100 for Nov 2018. Chile Average Building Cost Index: Wages & Salaries data is updated monthly, averaging 2,584.215 1978=100 from Jan 1990 (Median) to Dec 2018, with 348 observations. The data reached an all-time high of 8,046.873 1978=100 in Dec 2018 and a record low of 581.710 1978=100 in Jan 1990. Chile Average Building Cost Index: Wages & Salaries data remains active status in CEIC and is reported by Chilean Construction Chamber. The data is categorized under Global Database’s Chile – Table CL.EA004: Building Cost Index.

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.

Chile SS: Average Retirement Income: Tarapacá data was reported at 244,870.943 CLP in 2017. This records an increase from the previous number of 240,989.533 CLP for 2015. Chile SS: Average Retirement Income: Tarapacá data is updated yearly, averaging 194,983.309 CLP from Dec 2009 (Median) to 2017, with 5 observations. The data reached an all-time high of 244,870.943 CLP in 2017 and a record low of 156,057.065 CLP in 2011. Chile SS: Average Retirement Income: Tarapacá 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.

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.

Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population (%) in Chile was reported at 3.14 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Chile - Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

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.

Graph and download economic data for Current Account Debit: Total Income for Chile (DISCONTINUED) (BPDBIN01CLA637N) from 2003 to 2013 about debit, Chile, current account, BOP, and income.

Chile CL: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 13.800 % in 2022. This records an increase from the previous number of 13.400 % for 2020. Chile CL: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 17.900 % from Dec 1987 (Median) to 2022, with 16 observations. The data reached an all-time high of 20.800 % in 1987 and a record low of 13.400 % in 2020. Chile CL: Proportion of People Living Below 50 Percent Of Median Income: % 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: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

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.

Chile Monthly Average Household Income: Great Santiago data was reported at 1,344,840.000 CLP in 2017. This records an increase from the previous number of 994,887.000 CLP for 2012. Chile Monthly Average Household Income: Great Santiago data is updated yearly, averaging 1,169,863.500 CLP from Dec 2012 (Median) to 2017, with 2 observations. The data reached an all-time high of 1,344,840.000 CLP in 2017 and a record low of 994,887.000 CLP in 2012. Chile Monthly Average Household Income: Great Santiago 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.H015: Family Budget Survey: Monthly Average Household Income.

Chile CL: Wages Index: % Change data was reported at 4.245 % in 2017. This records a decrease from the previous number of 5.239 % for 2016. Chile CL: Wages Index: % Change data is updated yearly, averaging 5.782 % from Dec 1994 (Median) to 2017, with 24 observations. The data reached an all-time high of 14.397 % in 1996 and a record low of -26.743 % in 2010. Chile CL: Wages Index: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Chile – Table CL.IMF.IFS: Wages, Labour Cost and Employment Index: Annual.