Chile: Labor cost
* indicates monthly or quarterly data series
The most recent value is 159.19 index points as of March 2024, an increase compared to the previous value of 158.13 index points. Historically, the average for Chile from April 1993 to March 2024 is 99.81 index points. The minimum of 38.49 index points was recorded in April 1993, while the maximum of 159.19 index points was reached in March 2024.
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* indicates monthly or quarterly data series
- Measure: index points
- Source: Central Bank of Chile
| Recent values | Chile: Labor cost index |
|---|---|
| 2024 Mar | 159.19 |
| 2024 Feb | 158.13 |
| 2024 Jan | 158.21 |
| 2023 Dec | 156.32 |
| 2023 Nov | 155.08 |
| 2023 Oct | 154.84 |
| 2023 Sep | 154.42 |
| 2023 Aug | 152.63 |
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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 | Reference | Measure |
|---|---|---|---|
| Labor force | 9.85 | 2023 | million people |
| Unemployment rate | 9.04 | 2023 | percent |
| Female unemployment | 9.37 | 2023 | percent |
| Male unemployment | 8.79 | 2023 | percent |
| Youth unemployment | 22.05 | 2023 | percent |
| Labor force participation | 61.31 | 2023 | percent |
| Labor force: percent female | 42.78 | 2023 | percent |
| Female labor force participation | 51.77 | 2023 | percent |
| Male labor force participation | 71.11 | 2023 | percent |
| Hours worked | 1,961.92 | 2023 | hours |
| Self-employment | 24.61 | 2022 | percent |
| Informal employment | 25.30 | 2020 | percent |
| Employment | 9.24 | 9/2024 | million employed people |
| Unemployment rate | 8.74 | 9/2024 | percent |
| Labor cost | 159.19 | 3/2024 | index points |