Monthly minimum wage in Peru
Peru: Monthly minimum wage was 1,025 in 2024. ▲ Rising
Monthly minimum wage in Peru, 1997–2024
Source: International Labour Organization.
Analysis
The most recent figure for monthly minimum wage in Peru is 1,025, measured in 2024. That is the highest value across all 28 years on record.
That represents a change of up 36.7% over ten years.
Over the whole period, monthly minimum wage in Peru peaked at 1,025 in 2022 and was at its lowest, 345, in 1997.
That places Peru 134th out of 173 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Monthly minimum wage in Peru, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 345 | — |
| 1998 | 345 | +0.0% |
| 1999 | 345 | +0.0% |
| 2000 | 410 | +18.8% |
| 2001 | 410 | +0.0% |
| 2002 | 410 | +0.0% |
| 2003 | 460 | +12.2% |
| 2004 | 460 | +0.0% |
| 2005 | 460 | +0.0% |
| 2006 | 500 | +8.7% |
| 2007 | 530 | +6.0% |
| 2008 | 550 | +3.8% |
| 2009 | 550 | +0.0% |
| 2010 | 580 | +5.5% |
| 2011 | 675 | +16.4% |
| 2012 | 750 | +11.1% |
| 2013 | 750 | +0.0% |
| 2014 | 750 | +0.0% |
| 2015 | 750 | +0.0% |
| 2016 | 850 | +13.3% |
| 2017 | 850 | +0.0% |
| 2018 | 930 | +9.4% |
| 2019 | 930 | +0.0% |
| 2020 | 930 | +0.0% |
| 2021 | 930 | +0.0% |
| 2022 | 1,025 | +10.2% |
| 2023 | 1,025 | +0.0% |
| 2024 | 1,025 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 345 | 345 | 345 | 3 |
| 2000s | 474 | 410 | 550 | 10 |
| 2010s | 781.5 | 580 | 930 | 10 |
| 2020s | 987 | 930 | 1,025 | 5 |
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 monthly minimum wage in Peru?
- Monthly minimum wage in Peru was 1,025 in 2024, according to International Labour Organization.
- What is the highest monthly minimum wage recorded in Peru?
- The highest recorded value was 1,025 in 2022.
- What is the lowest monthly minimum wage recorded in Peru?
- The lowest recorded value was 345 in 1997.
- How does Peru rank for monthly minimum wage?
- Peru ranks 134th out of 173 countries with data for 2024.
- Is monthly minimum wage rising or falling in Peru?
- Over the last ten years it is up 36.7%. The long-run trend across the full record is rising.
- Where does this Peru data come from?
- The figures come from International Labour Organization, published as part of Monthly minimum wage. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Data refer to the minimum monthly earnings of all employees as of December 31st of each year. Minimum wages are not reported for countries for which collective bargaining is in place for minimum wages. In cases where a national minimum wage is not mandated, the minimum wage in place in the capital or major city is used. In some cases, an average of multiple regional minimum wages is used. In countries where the minimum wage is set at the sectoral level or occupational level, the minimum wage for manufacturing or unskilled workers is generally applied. Data are converted to U.S. dollars as the common currency, using exchange rates or purchasing power parity (PPP) rates rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries. For more information, refer to the Wages and Working Time Statistics (COND) database description.