Peru - Wage & Salaries





Peru: Wage & Salaries

Mnemonic YPEWS.IPER
Unit Mil. PEN, NSA
Adjustments Not Seasonally Adjusted
Annual 5.71 %
Data 2017 215,487
2016 203,843

Series Information

Source National Institute of Statistics and Informatics (INEI)
Release Compensation of Employees
Frequency Annual
Start Date 12/31/2007
End Date 12/31/2017

Peru: Labor

Reference Last Previous Units Frequency
Labor Force Apr 2019 5,180 5,275 Ths., NSA Monthly
Labor Force Employment Apr 2019 4,893 4,880 Ths., NSA Monthly
Total Employment Apr 2019 4,893 4,880 Ths., NSA Monthly
Unemployment Apr 2019 286.94 394.51 Ths., NSA Monthly
Unemployment Rate Apr 2019 7.3 8.2 3months moving avg., NSA Monthly
Agriculture Employment 2017 5,088,095 4,974,987 # Annual
Wage & Salaries 2017 215,487 203,843 Mil. PEN, NSA Annual
Primary Industries Employment 2016 4,292 4,283 Ths. # Annual

Release Information

The National Institute of Statistics and Information (INEI) reports annual Gross Domestic Product from the point of view of income. Compensation of employees from the GDP income approach represents how income is distributed. Figures are in millions of Peruvian Nuevo Sol (Mil. PEN) and are not seasonally adjusted (NSA). 

INEI calculates GDP (income approach) using the following formula:

PBI = + R + CKF + Ipm + EE

where:

  • R  = Remuneration
  • CKF = Fixed Capital Consumption
  • Ipm = Tax on Production and Imports
  • EE = Exploitation Surplus
Remuneration of employees includes all payments by employers in return for work before any deductions (social security, pension, etc.). Fixed Capital Consumption is the value (at current costs) of fixed assets. Installations, depreciation, and equipment consumed during production are included. Taxes on production and imports includes added value by the State at market prices. Exploitation Surplus is the profits and losses (business risk) of the business from production of the economic unit. 

Data is subject to revisions. 

For more information, please visit: http://www1.inei.gob.pe/media/MenuRecursivo/metodologias/pbi02.pdf