Chile
Data verified August 2026 · Sources
Chile's $40,626 PPP-adjusted average wage for 2023 is the OECD set's only negative-decade reading, sitting 11.1% beneath its 2016 peak, with consumer prices at 42.9 on the US=100 scale.
Chile at a Glance
1Y Change
+1.3%
5Y Change
+6.1%
10Y Change
−6.1%
Historical Peak
$45,670 2016
Change From Peak
−11.1%
Overall Price Level
42.9
Chile’s Wage Story
Follow how PPP-adjusted average annual wages have changed in Chile using constant-price OECD data.
USD PPP, constant prices · missing years shown as gaps, never interpolated
Ten Years Ago
$43,267 (2013)
Historical Peak
$45,670 2016
Latest Wage
$40,626 2023
Data Coverage
Wage history: 1995–2023
Reported observations: 29
Missing wage years: None
Latest price data: 2024 · 8 of 8 categories available
A Negative Decade, a Positive Half-Decade
Chile is unique in this set: the ten-year change is −6.1%, even as the five-year figure is positive at +6.1% and the latest-year change +1.3%. At $40,626 for 2023 the level is 11.1% below the 2016 peak of $45,670, so the profile is one of partial recovery from a deep slide. The 2013 reading of $43,267 shows the decade began above today's level before the fall.
Recovery That Has Not Closed the Gap
Chile has improved from a lower base while still showing a wide distribution of earnings, and that context matters for reading the mixed signals: a negative −6.1% decade alongside a positive +6.1% five-year change means the early part of the decade was far worse than the recent half. The +1.3% latest-year change shows recovery continues but has not closed the gap — the 2023 level would need several more years at the recent five-year pace to revisit the 2016 high.
The Deepest Price Discount in the Set
Chile's overall consumer price level for 2024 is 42.9, a full 57.1 index points under the US reference of 100 and among the lowest readings in this set. The number describes position on a comparative scale, not a peso amount, and it stands next to the wage recovery profile as its own dataset. Chile's wage history starts in 1995 with 29 observations and ends in 2023.
Chile’s Everyday Price Profile
Compare eight consumer price categories in Chile with the United States reference value of 100.
Overall
Food
Clothing
Housing
Health
Transport
Recreation
Restaurants & Accommodation
What Stands Out
Highest: Food
Food has the highest relative price level of the 8 reported categories in 2024, at 84.8 against the United States reference of 100. That is −15.2 index points from the benchmark and 7.3 points ahead of the next category, Clothing at 77.5.
Lowest: Health
Health is the lowest of the reported categories in 2024 at 25.8, −74.2 index points against the United States benchmark of 100. The spread between the highest and lowest reported categories is 59.0 index points, which shows how uneven the 2024 price profile is across categories.
Overall vs United States
The overall price level for 2024 is 42.9, below the United States benchmark (−57.1 index points). Looking across the profile, all 8 reported categories read below 100, so the overall figure summarizes a spread of category positions rather than a uniform level.
Compare Chile
Choose another OECD economy to compare wages, historical changes and all eight consumer price categories.
Frequently Asked Questions About Chile
What is the average annual wage in Chile?
Chile's 2023 average wage is $40,626. The level remains below its 2016 peak.
How has the average wage changed in Chile?
The decade change is -6.1%, the only negative in the OECD set. However, the five-year figure is +6.1% and the latest-year change +1.3%, showing recovery is underway. Every horizon uses its precise target year.
What are consumer price levels like in Chile?
Chile's overall consumer price index is 42.9 for 2024, below the US at 100. That is a relative index standing, not a dollar amount or inflation rate.
How far is Chile's wage from its peak?
Chile's 2023 wage of $40,626 is 11.1% below the 2016 high of $45,670. The +1.3% latest-year change signals recovery continues, though the gap remains wide. The chart keeps both points visible.