Peru - Wage & Salaries





Peru: Wage & Salaries

Mnemonic YPEWS.IPER
Unit Mil. PEN, NSA
Adjustments Not Seasonally Adjusted
Annual 5.93 %
Data 2018 227,640
2017 214,905

Series Information

Source National Institute of Statistics and Informatics (INEI)
Release Compensation of Employees
Frequency Annual
Start Date 12/31/2007
End Date 12/31/2018

Peru: Labor

Reference Last Previous Units Frequency
Labor Force Oct 2019 5,292 5,276 Ths., NSA Monthly
Labor Force Employment Oct 2019 4,939 4,957 Ths., NSA Monthly
Total Employment Oct 2019 4,939 4,957 Ths., NSA Monthly
Unemployment Oct 2019 352.19 319.91 Ths., NSA Monthly
Unemployment Rate Oct 2019 6.4 5.8 3months moving avg., NSA Monthly
Wage & Salaries 2018 227,640 214,905 Mil. PEN, NSA Annual
Agriculture Employment 2017 5,088,095 4,974,987 # Annual
Primary Industries Employment 2017 4,266 4,292 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