Chile: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 156.3
 Reference December 2023
 Measure index points
 Data availability April 1993 - December 2023
 Average 99.33
 Min - Max 38.49 - 156.3
 Source Central Bank of Chile
For that indicator, we provide data for Chile from April 1993 to December 2023. The average value for Chile during that period was 99.33 index points with a minimum of 38.49 index points in April 1993 and a maximum of 156.3 index points in December 2023. Click on the following link to see the values of Labor cost index around the world.
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* indicates monthly or quarterly data series

Recent values chart
Chile - Labor cost - recent values

Historical chart
Chile - Labor cost - historical chart - 1993-2023
Measure: index points
Source: Central Bank of Chile

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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.

 Related indicators Latest value Reference Measure
 Labor force 9.45 2022 million people
 Unemployment rate 8.25 2022 percent
 Female unemployment 8.44 2022 percent
 Male unemployment 7.31 2022 percent
 Youth unemployment 21.65 2023 percent
 Labor force participation 61.31 2023 percent
 Labor force: percent female 41.92 2022 percent
 Female labor force participation 51.77 2023 percent
 Male labor force participation 71.11 2023 percent
 Self-employment 24.61 2022 percent
 Informal employment 25.30 2020 percent
 Employment 9.02 9/2023 million employed people
 Unemployment rate 8.91 9/2023 percent
 Labor cost 154.42 9/2023 index points
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