Chile
PPP-adjusted average annual wage
$40,626 2023
Chile reports a 2023 average annual wage of 40626.111 USD PPP in constant 2025 prices, reflecting modest recent growth against a lower long-term trajectory. Consumer price indices for 2022 and 2023 remain unavailable across all categories, while 2024 data shows price levels consistently below the United States benchmark.
1-Year Change
+1.3%
vs 2022
5-Year Change
+6.1%
vs 2018
Overall Price Level
42.9
2024 · United States = 100
Wage data: 2023 · Price data: 2024
Wage History
Track PPP-adjusted average annual wages in constant prices over time.
PPP-adjusted annual wage (USD)
USD PPP, constant 2025 prices
Wage Key Facts
Latest Wage
$40,626
Latest Year
2023
1-Year Change
+1.3%
5-Year Change
+6.1%
10-Year Change
−6.1%
Historical Peak
$45,670
Peak Year
2016
Change From Peak
−11.1%
What the Wage Trend Shows
The latest reported average annual wage for Chile reached 40626.111 USD PPP in 2023. This figure represents a 1.3 percent increase from the prior year within the constant 2025 price framework.
Longer-term movements show a 6.12 percent gain over five years but a 6.1 percent decline over the past decade. Such divergence indicates that recent stability has not yet reversed the medium-term contraction observed since 2013.
Consumer Price Levels
Compare eight consumer price categories with the United States benchmark of 100.
United States = 100
What Prices Look Like
Highest: Food
Food has the highest relative price level among the available categories, at 84.8 (United States = 100).
Lowest: Health
Health is the lowest at 25.8, −74.2 index points against the United States benchmark.
Overall vs United States
The overall price level is 42.9, below the United States benchmark (−57.1 index points).
Wage and Price Snapshot
Read the latest wage record and the selected price benchmark together, without merging their years.
Chile recorded an overall consumption price index of 42.9 in 2024 where the United States equals 100. This aggregate metric indicates significantly lower general price levels compared to the American benchmark.
Food prices registered at 84.8 and clothing at 77.5 relative to the United States base of 100 in 2024. These essential expenditure categories remain below parity despite being closer to the benchmark than other sectors.
Housing costs measured just 29.6 and health services stood at 25.8 against the United States reference value in 2024. Both categories demonstrate substantial deviations downward from the baseline index point.
- Latest wage recordWage year 2023
- $40,626
- Price category coveragePrice year 2024
- 8 of 8
- Relative to United States8 below, 0 at 100
- 0 above
Compare Chile
See how Chile's wages and price levels compare with other OECD economies.
Estonia$41,0192025+1.0%higher
Hungary$39,1452025−3.6%lower
Slovakia$37,8322025−6.9%lower
Czechia$43,6072025+7.3%higher
Costa Rica$44,4312024+9.4%higher
Latvia$44,7092025+10.0%higher
Portugal$44,9372025+10.6%higher
Greece$32,4122025−20.2%lower
Poland$49,0742025+20.8%higher
Japan$50,1832025+23.5%higher
Colombia$30,1332024−25.8%lower
Italy$53,8642025+32.6%higherSimilar Economies
How to Read This Country Page
Three boundaries keep wage and price comparisons from being misread.
- Wage basis
- The annual wage is expressed in USD PPP at constant 2025 prices. It is an average, not a median wage, local-currency amount, or take-home figure.
- Years stay separate
- The latest wage year and the price year do not have to match. Price controls read only 2022, 2023, or 2024 and never substitute another year.
- Price benchmark
- 100 represents the United States price level. A value of 120 is reported here as 20 index points above that benchmark.
Data Coverage and Limits
See which years are actually present before comparing wage and price records.
Wage observations for Chile run from 1995 through 2023, a 28-year span containing 29 reported annual values. The series supports comparisons across the available history without extending beyond those recorded years.
The earliest recorded wage value was 17383 USD PPP in 1995 before rising to the latest 2023 figure. Historical coverage includes peak observations and subsequent declines across nearly three decades of measurement.
Price data availability is currently limited to the single 2024 observation year with full category coverage. Earlier years lack reported values entirely, restricting temporal analysis of consumer price trends to this most recent snapshot.
- Wage observations
- 29
- Wage coverage
- 1995-2023
- Price categories · 2024
- 8 of 8
- Price categories · 2023
- 0 of 8
- Price categories · 2022
- 0 of 8
Frequently Asked Questions
What is the average annual wage in Chile?
The average annual wage in Chile was 40626.111 USD PPP in 2023, measured in constant 2025 prices. This value reflects the most recent confirmed observation in the dataset. It serves as the primary reference point for current compensation levels.
How has the average wage changed in Chile?
Average wages increased by 1.3 percent over one year and 6.12 percent over five years. However, the ten-year change shows a decline of 6.1 percent from 2013 levels. Long-term growth since 1995 totals 133.71 percent despite recent volatility.
What are consumer price levels like in Chile?
Consumer price levels for Chile are only available for 2024, showing an overall index of 42.9 against the United States benchmark. Values for 2022 and 2023 are completely unavailable across all categories. The 2024 data indicates prices substantially below United States levels.
Is the average wage in Chile close to its historical peak?
No. Chile's 2023 wage was 11.05 percent below its 2016 peak of 45,670.488 USD PPP. The comparison uses the same constant-2025-price wage series.
Wage data
OECD Average Annual Wages
Price data
OECD Comparative Price Levels
Reported coverage
Wages through 2023 · Prices through 2024