The formal wage bill, which represents the total income earned by workers, grew 7.4% in real terms in July 2025 compared to the same month last year, the
This growth is attributed to the continuous increase in jobs, according to information from the electronic payroll system, the issuing entity indicated.
In the private sector, the formal wage bill grew at a 7.6% year-on-year real rate last July, mainly due to the dynamism of services and trade sectors.
The BCR stated that 16 consecutive months of improvement have been recorded due to this growth rate.
It also explained that the wage bill is a key labor sector indicator, obtained by multiplying the average income by the total number of formal jobs.