Chile vs Greece

Compare PPP-adjusted average wages, long-term wage trends and consumer price levels using consistent OECD data.

Country A

Country B

Chile wage data: 2023 · Greece wage data: 2025 · Price data: 2024

Comparison Overview

Chile

Average wage (2023)

$40,626

1-year change: +1.3%
5-year change: +6.1%

Overall price level (2024)

42.9 (United States = 100)

Chile's latest PPP-adjusted average wage is approximately 25.3% higher than Greece's.

Latest available wage years differ.

Greece

Average wage (2025)

$32,412

1-year change: −0.3%
5-year change: −0.3%

Overall price level (2024)

54.7 (United States = 100)

Chile has the higher latest average wage of the two, by 25.3% on a PPP-adjusted basis. Over five years Chile shows the stronger change (+6.1% against −0.3%). Overall consumer prices are higher in Greece, at 54.7 against 42.9 on the United States = 100 scale — a gap of +11.8 index points. The wage figures come from different years (2023 and 2025) and the price levels from 2024, so each economy is shown at its own latest available point.

Wage History

See how PPP-adjusted average annual wages have changed in both economies.

PPP-adjusted annual wage (USD)

ChileGreece

USD PPP, constant 2025 prices

Wage Key Facts

Metric	Chile	Greece
Latest wage	$40,626	$32,412
Latest year	2023	2025
1-year change	+1.3%	−0.3%
5-year change	+6.1%	−0.3%
10-year change	−6.1%	−6.0%
Historical peak	$45,670	$44,174
Peak year	2016	2009
Change from peak	−11.1%	−26.6%

How the Wage Trends Compare

Current Position

Chile records the higher figure: $40,626 against $32,412, a gap of 25.3%. A difference of that size is one of the wider ones in this dataset, and it holds after the PPP adjustment has already removed price level differences between the two.

The two are measured in different years — Chile in 2023, Greece in 2025 — so this compares each economy's latest available point rather than a single common year. Where a strict same-year ranking is needed, the all-countries table uses the latest year for which every economy reports.

Both use the same basis: PPP-adjusted US dollars at constant prices. That conversion strips out the price level differences between the two economies, which is what makes the two figures comparable at all — neither is a local-currency salary, and neither is what an employer in that country would write on a contract.

Recent Momentum

Chile had the stronger latest year (+1.3% against −0.3%).

Greece was the one that fell, while Chile rose, so the latest year moved them apart rather than together.

Widening the window to five years, the stronger of the two is Chile: +6.1% against −0.3%.

For both economies the latest year points the same way as the five-year change, so the recent movement reads as continuation rather than a turn.

Long-Term Direction

Across ten years both series are down: −6.1% for Chile and −6.0% for Greece. Real average wages have lost ground in both over the long horizon.

Neither is at its peak: Chile is 11.1% from its 2016 high and Greece 26.6% from its 2009 high. Both series have retreated from an earlier maximum.

The gap has been widening rather than closing over the five-year window: the economy that already reported the higher wage is also the one growing faster.

Consumer Price Level Comparison

Compare eight consumer price categories with the United States benchmark of 100.

United States = 100
Missing values are shown as -

All differences are shown in index points. United States = 100.

Category	Chile	Greece	Difference (CHL − GRC)	CHL vs U.S.	GRC vs U.S.
Overall	42.9	54.7	−11.8	−57.1	−45.3
Food	84.8	91.1	−6.3	−15.2	−8.9
Clothing	77.5	80.9	−3.4	−22.5	−19.1
Housing	29.6	40.7	−11.1	−70.4	−59.3
Health	25.8	38.1	−12.3	−74.2	−61.9
Transport	66.8	93.4	−26.6	−33.2	−6.6
Recreation	60.7	66.5	−5.8	−39.3	−33.5
Restaurants & Accommodation	61.1	71.3	−10.2	−38.9	−28.7

Overall
Chile42.9
Greece54.7
Difference−11.8
CHL vs U.S.−57.1
GRC vs U.S.−45.3
Food
Chile84.8
Greece91.1
Difference−6.3
CHL vs U.S.−15.2
GRC vs U.S.−8.9
Clothing
Chile77.5
Greece80.9
Difference−3.4
CHL vs U.S.−22.5
GRC vs U.S.−19.1
Housing
Chile29.6
Greece40.7
Difference−11.1
CHL vs U.S.−70.4
GRC vs U.S.−59.3
Health
Chile25.8
Greece38.1
Difference−12.3
CHL vs U.S.−74.2
GRC vs U.S.−61.9
Transport
Chile66.8
Greece93.4
Difference−26.6
CHL vs U.S.−33.2
GRC vs U.S.−6.6
Recreation
Chile60.7
Greece66.5
Difference−5.8
CHL vs U.S.−39.3
GRC vs U.S.−33.5
Restaurants & Accommodation
Chile61.1
Greece71.3
Difference−10.2
CHL vs U.S.−38.9
GRC vs U.S.−28.7

Chile and Greece in Detail

Current Wage Position

Chile reports a PPP-adjusted average annual wage of $40,626 for 2023, and Greece $32,412 for 2025. That puts Chile ahead by 25.3%.

Both figures are PPP-adjusted: converted using purchasing power parities rather than market exchange rates, and expressed in constant prices so different years stay comparable.

This matters for reading the gap. A market-rate conversion would move with currency markets and would not reflect what the money buys in each economy. These figures are built to compare purchasing power, not to tell you what a currency transfer would be worth.

Recent Wage Momentum

In the latest reported year Chile changed by +1.3% and Greece by −0.3%. A single year is a narrow window, so it is worth reading alongside the five-year figure rather than on its own.

Over five years, Chile records the larger change at +6.1%, against −0.3% for Greece. That is the difference in how far each series has travelled over the medium term, in real PPP-adjusted terms.

Short-term and five-year movement point the same way for both economies, so neither is currently being pulled against its own medium-term direction.

Long-Term Wage Direction

Across ten years the changes are −6.1% for Chile and −6.0% for Greece. This is the longest horizon the data covers, and it is the one least affected by any single year's movement.

Chile reached its highest recorded value of $45,670 in 2016, and the latest figure sits 11.1% from that high.

Greece peaked at $44,174 in 2009, leaving its latest value 26.6% away from that point.

Both long-term series move the same way, so the difference between these two economies is one of degree over ten years rather than of direction.

Consumer Price Profile

Against the United States benchmark of 100, overall consumption sits at 42.9 in Chile and 54.7 in Greece — −11.8 index points apart.

The categories that separate them most are Transport (−26.6) and Health (−12.3).

Clothing is where they are nearest, at 77.5 and 80.9.

Across the categories with data, Greece is the more expensive of the two more often than not.

How to Interpret the Comparison

These are average wages, not median wages, and not take-home pay. An average is pulled by the whole distribution, so it does not describe a typical individual, occupation, city or employer in either economy.

The wage figures are already PPP-adjusted and in constant prices. They are not local-currency salaries and not amounts convertible at a market exchange rate.

The price levels are relative indices against United States = 100. They describe how price levels compare, not what a household actually spends.

Wages and price levels should not be combined into a verdict on which country is better. This page is for understanding how the two wage trends and price structures differ — nothing further follows from it.