Peru Mali

Updated 2026-05-27

Peru

Minimum Wage

S/5.89 /hr

$1.60 USD

Avg. Gross Salary

S/2,200 /mo

Mali

Minimum Wage

CFA192.30 /hr

$0.35 USD

Avg. Gross Salary

CFA120,000 /mo

Min wage: +364% Peru vs Mali Avg. salary: +177% Peru vs Mali

The minimum wage in Peru is 364% higher than in Mali when converted to USD. Average gross salaries diverge further: $598/mo in Peru versus $215/mo in Mali, a 2.8:1 ratio. GDP per capita (PPP) in Peru is 5.4x that of Mali, underscoring the structural economic divide.

From Peru's perspective: adjusting for purchasing power, Peru's minimum wage buys more than Mali's. The PPP-adjusted hourly rate in Peru is $3 international dollars, compared to $1 in Mali. Peru has higher GDP per capita ($17,802 vs $3,315). Peru's unemployment rate is 5.1% compared to Mali's 2.8%.

Detailed Comparison

Detailed wage comparison between Peru and Mali
Metric	Peru	Mali	Diff
Minimum wage /hr	S/5.89 $1.60	CFA192.30 $0.35	+363.6%
Minimum wage /day	—	CFA1,538 $2.76	—
Minimum wage /mo	S/1,130 $307.07	CFA40,000 $71.81	+327.6%
Minimum wage /yr	S/15,820 $4,298.91	CFA480,000 $861.76	+398.9%
Avg. gross salary /mo	S/2,200 /mo $597.83	CFA120,000 /mo $215.44	+177.5%
Avg. net salary /mo	S/1,870 /mo $508.15	N/A/mo	—
Median individual income /yr	S/15,600 /yr $4,239.13	CFA360,000 /yr $646.32	+555.9%

Percentage differences are based on USD equivalent values. Positive means Peru is higher.

Work Week

Peru: 48 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.25x pay

Constitution sets maximum at 48 hours/week, 8 hours/day (or 6 days at 8 hrs). Office workers commonly work 40-45 hrs. Overtime: first 2 hours at 125%, subsequent hours at 135%. Night shift (10pm-6am) receives a 35% surcharge.
Mali: 40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.15x pay

Labour Code (Law No. 92-020 of 23 September 1992, amended) sets standard hours at 40 per week (8 hrs/day, 5 days). Maximum including overtime is 48 hours/week. Overtime rates: 115% for day hours; 130% for hours between 21:00 and 05:00 on weekdays; 150% for Sunday daytime; 200% for night hours on Sundays/holidays. Workers are entitled to 2.5 days of paid leave per month worked (30 days/year). Friday prayers (Jumu'ah) are accommodated — Mali is ~90% Muslim.

• WAGE TRAJECTORY (USD/hr)

Peru Mali Source: wage.is · USD equivalent/hr

Year	Peru (USD)	Mali (USD)
2013	—	$72/hr
2015	$204/hr	—
2016	$231/hr	—
2018	$253/hr	—
2020	—	$72/hr
2022	$279/hr	$72/hr
2024	—	$72/hr
2025	$307/hr	—

What This Means for Workers

A minimum wage worker moving from Mali to Peru would see a 364% increase in USD-equivalent hourly earnings. Standard work weeks differ: Peru mandates 48 hours while Mali mandates 40 hours. A minimum wage worker's weekly earnings in Peru are $77 vs $14 in Mali.

See this comparison from Mali's perspective: Mali vs Peru

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Frequently Asked Questions

Is the minimum wage higher in Peru or Mali?

In Peru, the minimum wage is S/5.89/hr ($1.60 USD). In Mali, it is CFA192.30/hr ($0.35 USD). Peru has the higher rate by 364% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Mali may retain a larger share of their earnings if prices there are lower.

How much more does the average worker earn in Peru compared to Mali?

The average gross salary in Peru is S/2,200/mo ($597.83 USD), compared to CFA120,000/mo ($215.44 USD) in Mali. In USD terms, workers in Peru earn approximately 177% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Peru and Mali is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Peru earn more in nominal terms, though how far that income stretches depends on local prices in Mali.

Which country has better purchasing power for minimum wage workers, Peru or Mali?

After adjusting for local prices using purchasing power parity (PPP), minimum wage workers in Peru can afford more than those in Mali. The PPP-adjusted rate is $3 in Peru and $1 in Mali. PPP converts wages into equivalent US dollar buying power, accounting for what a unit of currency actually buys locally. The 245% purchasing power gap means that even if the nominal wage in Mali appears competitive, minimum wage workers there face greater constraints on day-to-day spending.

How do work hours compare between Peru and Mali?

Peru has a longer standard work week at 48 hours, compared to 40 hours in Mali. Workers in Peru work 48 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Mali working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.

What is the cost of living difference between Peru and Mali?

While direct cost of living data varies by source, GDP per capita (PPP) gives a useful proxy for overall economic level. Peru has the higher GDP per capita at $17,802, which is 5.4x that of Mali at $3,315. From Peru's perspective, this means goods and services are priced at a higher economic level. A higher GDP per capita generally correlates with higher wages, higher consumer prices, and greater availability of goods and services. Workers moving between these two countries should expect significant differences in rent, food, and transportation costs.