Employment: About 10 million Peruvians work informally.

In Peru, 17 million 632 thousand people are employed, but only 23.9% are officially employed, according to the National Institute of Statistics and Informatics (INEI).

informality It affects an average of 76.1% of Peruvians, that is, about eight out of 10 people working in the country do it informally, without social benefits and an adequate salary.

In rural areas, informality affects even 95.4% of people, and in cities – 70.9%.

Only in the city until September informality it was 12.4% higher than before the pandemic, and reached 9 million 916 thousand 300 people.

Thus, in recent months, the areas with the highest level of informal employment are Selva, where 82% of workers are affected; then Sierra where
informality affects 77.6% of Peruvians; while on the coast 66.7% are affected.

What is the profile of the informal population?

INEI states that informality in urban areas affects women (74.4%) more than men (68.1%).

Informality affects more young population under the age of 25, since almost nine out of 10 employed at this age are informal. The lowest level of informal employment is observed among workers aged 25 to 44 years.

Similarly, of those in informal employment, 21.2% have a primary education or less, 51.8% have a secondary education, 14.6% have a non-university higher education, and 12.4% have a university education.

“According to the level of education, there is an inversely proportional relationship between the level of education received and informality; at a lower level of education
a higher level of informality,” notes INEI.

It should be noted that nine out of ten workers who have received only primary education or have a lower educational level, have informal work.

In addition, companies with 1 to 10 employees have the largest number of informal jobs.

How many working unemployed?

Of the total number of economically active population, 732 thousand 400 people are unemployed. This means that 4% of Peruvians were unemployed.

The unemployment rate registered up to September is 1.2% lower than in the same month last year.

How much do Peruvians earn?

Last year, the median income of Peruvians was estimated to be S$1,558.3 ​​per month. This is 7.3% more than in 2021.

remuneration the average may be higher or lower depending on the age, type of work and education of the employee.

For example, for workers under the age of 25, the average wage is 1,035s/month, which is less than the minimum wage.

The income is also below the minimum wage for people who only managed to complete their primary education as they earn an average of S$971.5 per month.