Minimum Wages in Peru increased to 1130 PEN/Month in January from 1025 PEN/Month in December of 2024. This dataset provides - Peru Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Peru Wage: Minimum: Real Index data was reported at 319.700 1994=100 in Sep 2018. This records a decrease from the previous number of 320.300 1994=100 for Aug 2018. Peru Wage: Minimum: Real Index data is updated monthly, averaging 303.400 1994=100 from Jan 1962 (Median) to Sep 2018, with 681 observations. The data reached an all-time high of 940.900 1994=100 in Apr 1974 and a record low of 64.000 1994=100 in Mar 1994. Peru Wage: Minimum: Real Index data remains active status in CEIC and is reported by Central Reserve Bank of Peru. The data is categorized under Global Database’s Peru – Table PE.G009: Wages .

Wages in Peru increased to 2134.30 PEN/Month in February from 2126.20 PEN/Month in January of 2025. This dataset provides - Peru Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Peru's employment rate amounted to nearly 93 percent. The minimum wage in the country was estimated at 2,006.8 Peruvian soles per month.

Between January and March 2024, the average income for women working in Lima, Peru amounted to around 1,658 Peruvian soles per month. In turn, the average monthly income for men stood at 2,249.4 Peruvian soles, about 591 soles more than women.

Average salaries in Lima, Peru According to the employment survey carried out by Peru's National Statistics Institute (INEI, for its acronym in Spanish), the average income of legal workers based in the Peruvian capital does not only vary by gender but also among different age groups and economic sectors. For instance, an employee aged 45 or more can earn around 66 percent more a worker who is up to 24 years old. In turn, service sector workers have higher monthly salaries than employees in manufacture or retail.

Employment in Peru More than half the working population in Peru is considered self-employed, one of the highest shares in Latin America. Even though Peru's unemployment rate has remained below four percent since 2009 (except for 2020 and 2021, due to the COVID-19 pandemic), the share of people out of employment in Lima was considerably higher than the national average.

Workers in the construction sector in Lima, Peru had the second highest monthly income in 2024. An employee in construction in the Peruvian capital earned an average of 2,139 Peruvian soles per month. Retail and trade, on the other hand, was the economic sector with the lowest monthly salary in Lima.

Peru Wage: Minimum: Real: 2007p data was reported at 658.360 PEN in Sep 2018. This records a decrease from the previous number of 659.620 PEN for Aug 2018. Peru Wage: Minimum: Real: 2007p data is updated monthly, averaging 626.660 PEN from Jan 1962 (Median) to Sep 2018, with 681 observations. The data reached an all-time high of 1,937.900 PEN in Apr 1974 and a record low of 131.870 PEN in Mar 1994. Peru Wage: Minimum: Real: 2007p data remains active status in CEIC and is reported by National Institute of Statistics and Information Science. The data is categorized under Global Database’s Peru – Table PE.G009: Wages .

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.

This paper presents new data documenting the cost of salaried labor in 20 Latin American and Caribbean countries. We gather data on the three main costs associated to hiring salaried labor; (i) minimum wages and other monetary benefits, (ii) mandated contributions for social insurance and other benefits and (iii) job security provisions. We present two new indicators. First, we calculate the average non-wage cost of salaried labor (NWC). This indicator answers the following question: for the average wage, what additional share of wages must be satisfied by workers and employers to fulfill all the law mandated non-wage costs of a legal salaried relationship. Our second indicator combines these non-wage costs with the nominal restriction that legal wages cannot be lower than the minimum wage. We calculate the annual dollar value of paying a worker the minimum wage plus all mandated non-wage costs as a share of GDP per worker. This constitutes the minimum cost of salaried labor (MCSL). We highlight seven important facts; (i) The average non-wage cost of salaried labor (NWC) for the region is 49% of wages. (ii) There is a large dispersion across countries like Argentina, Brazil and Peru with costs around 70% of wages and countries like Trinidad and Tobago, Jamaica and Chile with cost less than 40% of wages. (iii) Mandatory contributions are the most important component of the average non-wage cost of salaried labor with 27.3% of wages followed by additional benefits with 13.8% of wages while job security provisions account for another 8.4%. (iv) On average, mandated contributions from employers amount to 17.5% of average annual wages, versus 9.8% of mandated contributions from employees. (v) The minimum cost of salaried labor (MCSL) is on average 39% of GDP per worker. (vi) Variation of the MCSL across countries is even larger. For countries like Mexico, Trinidad and Tobago or the Dominican Republic the MCSL it is below 15% of GDP per worker while the minimum cost of hiring a salaried worker in Honduras is 95% of GDP per capita. (vii) Despite having below average NWC, the five poorest countries in our sample are those presenting the highest MCSL, due to high minimum wages relative to GDP per worker.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Peru, IL, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 21,189, while the mean income for the highest quintile (20% of households with the highest income) is 203,030. This indicates that the top earners earn 10 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 322,385, which is 158.79% higher compared to the highest quintile, and 1521.47% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

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 Peru median household income. You can refer the same here

Small-scale fisheries are globally marginalized by management institutions; thus, they have to endure the consequences of ineffective regulations, environmental uncertainty, social traps and market inequity. Small-scale fisheries in Peru, one of the world’s leading fishing countries, are important contributors to national employment, food security and gross domestic product. Yet, relatively little is known about these fisheries and their evolution, except for the fact that the Peruvian small-scale fleet size is rapidly increasing. Here, we reconstructed small-scale fishing effort across time and developed several indicators using it to assess changes in the fleet’s fishing efficiency and economic performance. Segmented regression analysis was used to identify statistically significant breakpoints and changes in their trajectories between 1950 and 2018. Our results suggest that fishing effort has strongly increased, and at much faster rates than the catches, particularly since 2006. The combined effect of these trends results in significant declines in the fleet’s ratio indicators (i.e., catch per unit of effort, revenue per unit of effort, and fisher’s incomes relative to Peru’s minimum wage), suggesting that the growing fishing effort is unsustainable and uneconomic. The behavior of these indicators differs within the fleet, depending on the vessel’s main fishing method. Most small-scale fishers are currently living in relative poverty. Yet, fishers using the least selective fishing gears, or engaged in illegal fishing, had the most stable incomes over the past decade. These findings are discussed in detail by exploring the social, legal and economic drivers fostering fleet growth. Finally, a list of general recommendations aimed at improving fisheries sustainability and fisher’s wellbeing was produced, based on the local context, fisheries literature and common sense.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Peru, Maine, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 18,808, while the mean income for the highest quintile (20% of households with the highest income) is 161,168. This indicates that the top earners earn 9 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 227,572, which is 141.20% higher compared to the highest quintile, and 1209.97% higher compared to the lowest quintile.

Content

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

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2022 inflation-adjusted dollars for the specific income level.

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 Peru town median household income. You can refer the same here

工资：最低：真实指数在09-01-2018达319.7001994=100，相较于08-01-2018的320.3001994=100有所下降。工资：最低：真实指数数据按月更新，01-01-1962至09-01-2018期间平均值为303.4001994=100，共681份观测结果。该数据的历史最高值出现于04-01-1974，达940.9001994=100，而历史最低值则出现于03-01-1994，为64.0001994=100。CEIC提供的工资：最低：真实指数数据处于定期更新的状态，数据来源于Banco Central de Reserva del Peru，数据归类于全球数据库的秘鲁 – 表 PE.G009：工资。

工资：最低：实际：1994年价格在01-01-2014达343.190秘鲁索尔，相较于12-01-2013的344.280秘鲁索尔有所下降。工资：最低：实际：1994年价格数据按月更新，01-01-1962至01-01-2014期间平均值为408.170秘鲁索尔，共625份观测结果。该数据的历史最高值出现于04-01-1974，达1,094.650秘鲁索尔，而历史最低值则出现于03-01-1994，为74.490秘鲁索尔。CEIC提供的工资：最低：实际：1994年价格数据处于定期更新的状态，数据来源于Instituto Nacional de Estadistica e Informatica，数据归类于全球数据库的秘鲁 – 表 PE.G009：工资。

工资：最低：实际：2007年价格在09-01-2018达658.360秘鲁索尔，相较于08-01-2018的659.620秘鲁索尔有所下降。工资：最低：实际：2007年价格数据按月更新，01-01-1962至09-01-2018期间平均值为626.660秘鲁索尔，共681份观测结果。该数据的历史最高值出现于04-01-1974，达1,937.900秘鲁索尔，而历史最低值则出现于03-01-1994，为131.870秘鲁索尔。CEIC提供的工资：最低：实际：2007年价格数据处于定期更新的状态，数据来源于Instituto Nacional de Estadistica e Informatica，数据归类于全球数据库的秘鲁 – 表 PE.G009：工资。

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.