Peru flag Peru: Operating a Business in Peru

Work conditions in Peru

The Active Population in Figures

	2023	2024	2025
Labour Force	18,447,544	18,599,163	18,641,229

Source: International Labour Organization, ILOSTAT database

	2022	2023	2024
Total activity rate	78.56%	76.74%	77.20%
Men activity rate	86.47%	84.54%	85.18%
Women activity rate	70.86%	69.16%	69.46%

Source: International Labour Organization, ILOSTAT database

Working Conditions

Legal Weekly Duration: 48 hours
Retirement Age: 65 years old
Working 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.
Labour Laws: Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Cost of Labour

Minimum Wage: The minimum monthly wage (Remuneración Mínima Vital) remains at PEN 1,130 (approx. USD 335), as established by the Ministry of Labour and Employment Promotion (MTPE).
Average Wage: The average monthly salary in urban areas of Peru is around 1,500 to 1,650 Peruvian soles (approximately 400 to 450 USD).
Social Contributions: Social Security Contributions Paid By Employers: 9% for health insurance (ESSALUD).
Social Security Contributions Paid By Employees: 13% of salaries for the pension plan.

Social Partners

Social Dialogue and Involvement of Social Partners: The Peru - Solidarity Center (General Confederation of the workers of Peru) is the main actor.
Labour Unions: Peru's Unified Union of Education Workers
General Confederation of Peruvian Workers
Unionisation Rate: 6%.
Labour Regulation Bodies: Ministry of Labor and Promotion of Employment

Any Comment About This Content? Report It to Us.

Starting a BusinessPrevious

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service. Lloyds and Lloyds Bank are trading names of Lloyds Bank plc, Bank of Scotland plc, Lloyds Bank Corporate Markets plc and Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH. The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc.
Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc.
Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is a wholly-owned subsidiary of Lloyds Bank Corporate Markets plc.
Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH has its registered office at Thurn-und-Taxis Platz 6, 60313 Frankfurt, Germany. The company is registered with the Amtsgericht Frankfurt am Main, HRB 111650. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht. Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.