Real minimum wages at constant prices — Statutory minimum wages in Peru
Peru: Real minimum wages at constant prices — Statutory minimum wages was 3,798 US dollars, exchange rate converted in 2025. ▲ Rising
Real minimum wages at constant prices — Statutory minimum wages in Peru, 1995–2025
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
Peru recorded 3,798 US dollars, exchange rate converted for real minimum wages at constant prices — statutory minimum wages in 2025.
That represents a change of up 10.2% on the previous year and up 8.8% over ten years.
Over the whole period, real minimum wages at constant prices — statutory minimum wages in Peru peaked at 3,914 US dollars, exchange rate converted in 2018 and was at its lowest, 1,274 US dollars, exchange rate converted, in 1995.
Peru ranks 24th of 26 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Real minimum wages at constant prices — Statutory minimum wages in Peru, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 1995 | 1,274 US dollars, exchange rate converted | — |
| 1996 | 1,860 US dollars, exchange rate converted | +46.0% |
| 1997 | 2,750 US dollars, exchange rate converted | +47.8% |
| 1998 | 2,564 US dollars, exchange rate converted | -6.8% |
| 1999 | 2,478 US dollars, exchange rate converted | -3.4% |
| 2000 | 2,838 US dollars, exchange rate converted | +14.5% |
| 2001 | 2,783 US dollars, exchange rate converted | -1.9% |
| 2002 | 2,778 US dollars, exchange rate converted | -0.2% |
| 2003 | 3,048 US dollars, exchange rate converted | +9.7% |
| 2004 | 2,940 US dollars, exchange rate converted | -3.5% |
| 2005 | 2,893 US dollars, exchange rate converted | -1.6% |
| 2006 | 3,083 US dollars, exchange rate converted | +6.6% |
| 2007 | 3,211 US dollars, exchange rate converted | +4.1% |
| 2008 | 3,150 US dollars, exchange rate converted | -1.9% |
| 2009 | 3,060 US dollars, exchange rate converted | -2.9% |
| 2010 | 3,178 US dollars, exchange rate converted | +3.9% |
| 2011 | 3,578 US dollars, exchange rate converted | +12.6% |
| 2012 | 3,677 US dollars, exchange rate converted | +2.8% |
| 2013 | 3,734 US dollars, exchange rate converted | +1.5% |
| 2014 | 3,611 US dollars, exchange rate converted | -3.3% |
| 2015 | 3,492 US dollars, exchange rate converted | -3.3% |
| 2016 | 3,672 US dollars, exchange rate converted | +5.1% |
| 2017 | 3,711 US dollars, exchange rate converted | +1.1% |
| 2018 | 3,914 US dollars, exchange rate converted | +5.5% |
| 2019 | 3,911 US dollars, exchange rate converted | -0.1% |
| 2020 | 3,835 US dollars, exchange rate converted | -2.0% |
| 2021 | 3,678 US dollars, exchange rate converted | -4.1% |
| 2022 | 3,626 US dollars, exchange rate converted | -1.4% |
| 2023 | 3,515 US dollars, exchange rate converted | -3.1% |
| 2024 | 3,445 US dollars, exchange rate converted | -2.0% |
| 2025 | 3,798 US dollars, exchange rate converted | +10.2% |
Peru compared with similar countries
- Peru's 3,798 US dollars, exchange rate converted is below the median for Latin America & Caribbean, which is 4,358 US dollars, exchange rate converted, 87% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Real minimum wages at constant prices — Statutory minimum wages in Peru changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +47.8% | 1,860 US dollars, exchange rate converted | 2,750 US dollars, exchange rate converted |
| 1996 | +46.0% | 1,274 US dollars, exchange rate converted | 1,860 US dollars, exchange rate converted |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,185 US dollars, exchange rate converted | 1,274 US dollars, exchange rate converted | 2,750 US dollars, exchange rate converted | 5 |
| 2000s | 2,978 US dollars, exchange rate converted | 2,778 US dollars, exchange rate converted | 3,211 US dollars, exchange rate converted | 10 |
| 2010s | 3,648 US dollars, exchange rate converted | 3,178 US dollars, exchange rate converted | 3,914 US dollars, exchange rate converted | 10 |
| 2020s | 3,649 US dollars, exchange rate converted | 3,445 US dollars, exchange rate converted | 3,835 US dollars, exchange rate converted | 6 |
Countries ranked near Peru
- 21 Bulgaria 7,448 US dollars, exchange rate converted compare
- 22 Chile 6,551 US dollars, exchange rate converted compare
- 23 Colombia 4,917 US dollars, exchange rate converted compare
- 25 Mexico 3,768 US dollars, exchange rate converted compare
- 26 Brazil 3,260 US dollars, exchange rate converted compare
More economy & growth data for Peru
- Real gdp growth, annual growth rate -2.13 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.35 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.4 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0073 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 71.12 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3644 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0054 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 51.93 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.7 % change on previous year (2025)
Frequently asked questions
- What is real minimum wages at constant prices — statutory minimum wages in Peru?
- Real minimum wages at constant prices — statutory minimum wages in Peru was 3,798 US dollars, exchange rate converted in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest real minimum wages at constant prices — statutory minimum wages recorded in Peru?
- The highest recorded value was 3,914 US dollars, exchange rate converted in 2018.
- What is the lowest real minimum wages at constant prices — statutory minimum wages recorded in Peru?
- The lowest recorded value was 1,274 US dollars, exchange rate converted in 1995.
- How does Peru rank for real minimum wages at constant prices — statutory minimum wages?
- Peru ranks 24th out of 26 countries with data for 2025.
- Is real minimum wages at constant prices — statutory minimum wages rising or falling in Peru?
- Over the last ten years it is up 8.8%. The long-run trend across the full record is rising.
- Where does this Peru data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Real minimum wages at constant prices — Statutory minimum wages. Statizoid updates them automatically from the source API.
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About this data
Real minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 30 OECD countries and two other non-member countries for which they are available. Real hourly and annual minimum wages are calculated first by deflating the series using the consumer price index taking 2024 as the base year then converted into common currency units 1) US dollars (USD) and 2) USD using Purchasing Power Parities (PPPs) for private consumption expenditures in 2024.