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Peru - LABOUR MARKET


Labour market indicators


Unemployment rate in 2001 : 7.9% (ILO data)


Working population:

Year Total Population Working population Activity rate
2004
27 546 700  
10 944 304  
40%  
Source: World Bank


Employment by sector:

Year
Agriculture
Industry
Services
2003  
0.7%  
20.6%  
78.6%  
Sources: ILO, Eurostat, last available data


Employment contracts


Employment contracts are regulated by legal clauses and to a lesser degree by collective agreements and individual negotiations.
The terms of employment contracts, the conditions for hiring and the limits for dismissal are very flexible.


Salaries


National monthly minimum wage as of 01/01/03 : US $128 (450 soles)

Average wage for a employee in the manufacturing industry in 2001 : 2,287 new soles by  month (ILO data)


Social security contributions


Employer: 27 %.

Employee: 0 %.



Number of hours



Legal definition of full time work (per week): 48 hours


Retirement age:


65.


Unions


Average rate of union membership: 6 %.

Unions: The Confederation CGTP (Confederacion General de Trabajadores del Peru) can be listed.


Useful links


For further informations on the labour market, check out the following web sites:

- International Labour Organization (ILO): studies, statistics and reports on working conditions and labour markets

- NATLEX : ILO database on national labour laws


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Last modified in January 2006
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