The average salary is an indicator that allows to evaluate the purchasing power of the population, which in turn can point out the economic well -being of the workers. When this salary is below the cost of living, it is evident that a large number of people face serious difficulties in satisfying their basic needs.
In Peru, many sectors often demand greater salary increases to raise their quality of life through the acquisition of more basic and luxurious goods. Next, we tell you how much the average salary amounts to in the countries of Latin America and what position occupies the Peruvian data.
How much amounts to Peru’s average salary?
The number platform indicates that the average salary in Peruafter taxes, amounts to US $ 489.34, which is equivalent to S/1,789.51 if the exchange rate of Friday, March 7 (S/3,657) that shared the Central Reserve Bank of Peru (BCRP) is taken into account. In this way, the Peruvian data exceeds the average salary of Brazil (US $ 431.08), but is below the figure of Ecuador (US $ 490.98).
What is the country in Latin America with the highest average salary?
With data from March 7, Numbeo points out that the average salary of Costa Rica After taxes it is US $ 1,041.01, which makes it the highest data in Latin America. In addition, it exceeds more than US $ 100 to second and third place, which are Uruguay (US $ 901.21) and Panama (US $ 827.92). We show you the list with the main countries of the region.
- Costa Rica: US $ 1,044.94
- Uruguay: US $ 901.21
- Panama: US $ 827.92
- Chile: US $ 706.91
- Mexico: US $ 664.64
- Argentina: US $ 588.52
- Guatemala: US $ 543.48
- El Salvador: US $ 514.09
- Ecuador: US $ 490.98
- Peru: US $ 489.34
- Brazil: US $ 431.08
- Bolivia: US $ 411.90
- Dominican Republic: US $ 396.48
- Paraguay: US $ 393.11
- Colombia: US $ 387.77
- Nicaragua: US $ 285.37
- Venezuela: US $ 190.23
- Cuba: US $ 36.57
The high average salary in the country is largely attributed to the adoption of effective salary policies. The regulations implemented ensure fair income for workers, which is evidenced in a minimum wage that exceeds several nations in the region. This set of regulations aims to reduce inequality and optimize working conditions, which in turn makes it easier for citizens to access more favorable economic opportunities.
When did the minimum wage in Peru last increase?
The last salary increase was announced by the Government and began to be applied on January 1, 2025. The president Dina Boluarte explained that the increase of S/930 to S/1.025 is based on a technical study that considered the Cost of living and the inflationwith the aim of ensuring more favorable working conditions for lower income workers.
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Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
