18
Chile
8,441
9,025
6,917
7,989
8,346
Q4
2019
Q2 2020 Q4 2020 Q2 2021 Q4 2021
7.0%
8.2%
12.3%
12.1%
8.4%
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
Q4 2021
Total Labor Force (000s)
9,111
Employed Workers (000s) 8,346
Unemployed Workers (000s) 765
Unemployment Rate 8.4%
Working Population (in Thousands) Over Time
Unemployment Rate Over Time
88% - First Vaccine Dose
(December 2021)
Covid Update
It is unlikely that vaccine
mandates will be
implemented as refusal to
be vaccinated could be
used as basis for a
discrimination claim.
Delay to the easing of
travel restrictions due to
Omicron.
9%
27%
19%
0%
25%
50%
75%
Employer Tax Profit Tax VAT
Chile Regional Average
Other Cost Considerations - Tax
Indicative Wages (USD)
$1,323
$1,051
$2.17
$0
$5
$10
$0
$2,500
$5,000
Average Wage Manufacturing
Wage
Minimum Wage
Chile Regional Average
Labor Force Statistics
35%
34%
34%
32%
26%
24%
25%
24%
25%
18%
60%
60% 60%
60%
55%
0%
20%
40%
60%
80%
2016 2017 2018 2019 2020
15-24 years 65+ years Total
Labor Force Participation Rate by Selected Age Group
ILOSTAT
As at November, year on year inflation is at 6.9%.
The new president has vowed to increase minimum wages.
Monthly Hourly
Key Sources:
https://wageindicator.org/
https://ilostat.ilo.org/
https://www.worldbank.org/
https://tradingeconomics.com/
https://home.kpmg/xx/en/home.html
https://taxsummaries.pwc.com/
https://www.ine.cl/estadisticas/sociales/mercado-laboral/ocupacion-y-desocupacion
