Labor cost index in Chile, March, 2020
For that indicator, we provide data for Chile from April 1993 to March 2020. The average value for Chile during that period was 94.33 index points with a minimum of 38.49 index points in April 1993 and a maximum of 143.2 index points in December 2015.
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* indicates monthly or quarterly data series
Measure: index points
Source: Central Bank of Chile
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.