Labor cost index in Chile, April 1993 - April 2022:
For that indicator, we provide data for Chile from April 1993 to April 2022. The average value for Chile during that period was 96.56 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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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.