Average hourly labour cost per employee - Discontinued in Peru
Peru: Average hourly labour cost per employee - Discontinued was 8.75 in 2024. ▼ Falling
Average hourly labour cost per employee - Discontinued in Peru, 2017–2024
Source: International Labour Organization.
Analysis
The most recent figure for average hourly labour cost per employee - discontinued in Peru is 8.75, measured in 2024. That is the lowest value across all 6 years on record.
That represents a change of down 31.3% on the previous year and down 19.9% over ten years.
That places Peru 48th out of 50 countries with data for 2024, putting it in the bottom quarter.
Average hourly labour cost per employee - Discontinued in Peru, year by year
| Year | Value | Change |
|---|---|---|
| 2017 | 10.92 | — |
| 2018 | 11.32 | +3.7% |
| 2019 | 11.7 | +3.4% |
| 2020 | 12.4 | +6.0% |
| 2021 | 12.73 | +2.7% |
| 2024 | 8.75 | -31.3% |
Peru compared with similar countries
- Peru's 8.75 is below the median for upper middle income countries, which is 834.5, 1% of the median. (12 countries reporting)
- Peru's 8.75 is below the median for Latin America & Caribbean, which is 2,705, 0% of the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 11.31 | 10.92 | 11.7 | 3 |
| 2020s | 11.29 | 8.75 | 12.73 | 3 |
Countries ranked near Peru
More work & labour data for Peru
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.4349 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.4225 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.4473 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.29 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.6786 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 35,667 1000 No (2050)
- Population - Est. & Proj. — Rural population 5,953 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 19,027 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 19,136 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 38,163 1000 No (2100)
Frequently asked questions
- What is average hourly labour cost per employee - discontinued in Peru?
- Average hourly labour cost per employee - discontinued in Peru was 8.75 in 2024, according to International Labour Organization.
- What is the highest average hourly labour cost per employee - discontinued recorded in Peru?
- The highest recorded value was 12.73 in 2021.
- What is the lowest average hourly labour cost per employee - discontinued recorded in Peru?
- The lowest recorded value was 8.75 in 2024.
- How does Peru rank for average hourly labour cost per employee - discontinued?
- Peru ranks 48th out of 50 countries with data for 2024.
- Is average hourly labour cost per employee - discontinued rising or falling in Peru?
- Over the last ten years it is down 19.9%. The long-run trend across the full record is falling.
- Where does this Peru data come from?
- The figures come from International Labour Organization, published as part of Average hourly labour cost per employee - Discontinued. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Data on labour cost is presented, whenever possible, in nominal terms and on the basis of the mean hourly labour cost per employee. Labour cost is the cost incurred by the employer in the employment of labour in a specified reference period. It comprises remuneration for work performed, payments in respect of time paid for but not worked, bonuses and gratuities, the cost of food, drink and other payments in kind, cost of workers' housing borne by employers, employers' social security expenditures, cost to the employer for vocational training, welfare services and miscellaneous items, such as transport of workers, work clothes and recruitment, together with taxes regarded as labour cost. For more information, refer to the Prices, Costs, and Currency Conversions (PRICES) database description.