Peru - Wage & Salaries





Peru: Wage & Salaries

Mnemonic YPEWS.IPER
Unit Mil. PEN, NSA
Adjustments Not Seasonally Adjusted
Annual 11.35 %
Data 2022 275,302
2021 247,241

Series Information

Source National Institute of Statistics and Informatics (INEI)
Release Compensation of Employees
Frequency Annual
Start Date 12/31/2007
End Date 12/31/2022

Peru: Labor

Reference Last Previous Units Frequency
Unemployment Rate Feb 2024 7.3 7.2 3months moving avg., NSA Monthly
Labor Force Jan 2024 5,705 5,682 Ths. # 3-mo MA, NSA Monthly
Labor Force Employment Jan 2024 5,295 5,319 Ths. # 3-mo MA, NSA Monthly
Total Employment Jan 2024 5,295 5,319 Ths. # 3-mo MA, NSA Monthly
Wage & Salaries 2022 275,302 247,241 Mil. PEN, NSA Annual
Primary Industries Employment 2021 4,989 4,916 Ths. # Annual
Unemployment Apr 2020 360.7 406.2 Ths., NSA Monthly
Agriculture Employment 2017 5,088,095 4,974,987 # 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