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Based on a harmonized review of labor and social security legislation, it computes three indicators comparable to those available for 17 Latin American countries: the average non-wage cost of salaried labor (NWC), the minimum cost of salaried labor (MCSL) and the cost of formalizing informal labor (CFIL). In 2023, the NWC in the Caribbean averaged 23.5% of formal wages, less than half the Latin American average of 54.1%, while the MCSL represented 24.3% of GDP per worker (44.6% in Latin America). The CFIL indicates that formalizing an informal worker costs, on average, 25.0% more than the informal wage (94.4% in Latin America). The note includes projections for 2025 to incorporate recent reforms.\n\nThis dataset includes the figures presented in the technical note and their underlying data, comparing each Caribbean country and the Caribbean average with the Latin American average in 2023, as well as the evolution of minimum wages between 2015 and 2023.\n\nThis dataset includes the institutional and macroeconomic parameters used to calculate three indicators of the cost of salaried formal labor for seven English- and Dutch-speaking Caribbean countries in 2025, as presented in the technical note.\n\n### What the data covers\n\nThe Bahamas, Barbados, Belize, Guyana, Jamaica, Suriname, and Trinidad and Tobago, each on its own and as a Caribbean average, compared throughout with the average for the Latin American countries that have labor cost data. The three indicators are measured for 2023, under the wages, GDP and regulations in force on December 31, 2023. The non-wage cost is also projected to 2025, under the regulations in force on August 1, 2025 and wage and GDP data for 2024. A minimum-wage series runs from 2015 to 2023.\n\n### What it contains\n\nThree tables hold the data, and both workbooks are available for download. The first gives the three indicators for each country and both averages, broken down by component: mandatory social security contributions, bonuses, paid leave, severance pay and firing notice, plus the wage itself in the minimum cost and the cost of formalization. Contributions are also split between employees and employers, and between pensions, health and other contributions. The second follows the statutory minimum wage in 2021 purchasing-power-parity dollars, as a level and as an index with 2015 equal to 100, for the Caribbean and for the rest of Latin America and the Caribbean. The third holds each country's annex parameters: GDP, the PPP conversion factor, employment and GDP per worker; the minimum wage and the average formal and informal wage; each mandatory contribution with its worker and employer rate and its contribution base; and the bonus, paid leave, firing notice and severance entitlements, in days and as a share of the base wage, with the legal source of each.\n\n### How the data was collected\n\nFrom a review of each country's labor and social security legislation, harmonized under the methodology of Alaimo et al. (2017) and Alaimo, Altamirano and Minaya (2026). GDP, purchasing-power-parity conversion factors and employment come from World Bank data; wages from official household and labor force surveys, administrative data and the IDB's harmonized household surveys; and the minimum-wage series from the International Labour Organization's statutory minimum wage data.", "es": "Esta nota estima el costo del trabajo formal asalariado en siete pa\u00edses del Caribe de habla inglesa y neerlandesa (Bahamas, Barbados, Belice, Guyana, Jamaica, Surinam y Trinidad y Tobago) para 2023, con proyecciones a 2025. A partir de una revisi\u00f3n armonizada de la legislaci\u00f3n laboral y de seguridad social, calcula tres indicadores comparables con los disponibles para 17 pa\u00edses de Am\u00e9rica Latina: el costo no salarial promedio del trabajo asalariado (NWC, por sus siglas en ingl\u00e9s), el costo m\u00ednimo del trabajo asalariado (MCSL) y el costo de formalizar el trabajo informal (CFIL). En 2023, el NWC en el Caribe promedi\u00f3 el 23,5% de los salarios formales, menos de la mitad del promedio latinoamericano de 54,1%, mientras que el MCSL represent\u00f3 el 24,3% del PIB por trabajador (44,6% en Am\u00e9rica Latina). El CFIL indica que formalizar a un trabajador informal cuesta, en promedio, un 25,0% m\u00e1s que el salario informal (94,4% en Am\u00e9rica Latina). La nota incluye proyecciones para 2025 que incorporan reformas recientes.\n\nEste conjunto de datos incluye las figuras presentadas en la nota t\u00e9cnica y sus datos subyacentes, que comparan cada pa\u00eds del Caribe y el promedio del Caribe con el promedio latinoamericano en 2023, as\u00ed como la evoluci\u00f3n de los salarios m\u00ednimos entre 2015 y 2023.\n\nEste conjunto de datos incluye los par\u00e1metros institucionales y macroecon\u00f3micos utilizados para calcular tres indicadores del costo del trabajo formal asalariado para siete pa\u00edses del Caribe de habla inglesa y neerlandesa en 2025, tal como se presentan en la nota t\u00e9cnica.\n\n### Qu\u00e9 abarcan los datos\n\nBahamas, Barbados, Belice, Guyana, Jamaica, Surinam y Trinidad y Tobago, cada uno por separado y como promedio del Caribe, comparados en todo momento con el promedio de los pa\u00edses de Am\u00e9rica Latina que cuentan con datos de costos laborales. Los tres indicadores se miden para 2023, con los salarios, el PIB y la normativa vigentes al 31 de diciembre de 2023. El costo no salarial se proyecta adem\u00e1s a 2025, con la normativa vigente al 1 de agosto de 2025 y datos de salarios y PIB de 2024. Una serie del salario m\u00ednimo abarca de 2015 a 2023.\n\n### Qu\u00e9 contiene\n\nTres tablas recogen los datos, y ambos archivos de Excel pueden descargarse. La primera presenta los tres indicadores para cada pa\u00eds y para ambos promedios, desglosados por componente: contribuciones obligatorias a la seguridad social, bonificaciones, vacaciones pagadas, indemnizaci\u00f3n por despido y preaviso, adem\u00e1s del propio salario en el costo m\u00ednimo y en el costo de formalizaci\u00f3n. Las contribuciones se desglosan tambi\u00e9n entre trabajadores y empleadores, y entre pensiones, salud y otras contribuciones. La segunda sigue el salario m\u00ednimo legal en d\u00f3lares de paridad de poder adquisitivo de 2021, como nivel y como \u00edndice con 2015 igual a 100, para el Caribe y para el resto de Am\u00e9rica Latina y el Caribe. La tercera recoge los par\u00e1metros del anexo para cada pa\u00eds: el PIB, el factor de conversi\u00f3n de paridad de poder adquisitivo, el empleo y el PIB por trabajador; el salario m\u00ednimo y el salario promedio formal e informal; cada contribuci\u00f3n obligatoria con su tasa a cargo del trabajador y del empleador y su base de cotizaci\u00f3n; y las prestaciones de bonificaci\u00f3n, vacaciones pagadas, preaviso e indemnizaci\u00f3n por despido, en d\u00edas y como proporci\u00f3n del salario base, con la fuente legal de cada una.\n\n### C\u00f3mo se recopilaron los datos\n\nA partir de una revisi\u00f3n de la legislaci\u00f3n laboral y de seguridad social de cada pa\u00eds, armonizada seg\u00fan la metodolog\u00eda de Alaimo et al. (2017) y Alaimo, Altamirano y Minaya (2026). El PIB, los factores de conversi\u00f3n de paridad de poder adquisitivo y el empleo provienen de datos del Banco Mundial; los salarios, de encuestas oficiales de hogares y de fuerza laboral, de datos administrativos y de las encuestas de hogares armonizadas del BID; y la serie del salario m\u00ednimo, de los datos de salario m\u00ednimo legal de la Organizaci\u00f3n Internacional del Trabajo.", "fr": "Cette note estime le co\u00fbt du travail formel salari\u00e9 dans sept pays anglophones et n\u00e9erlandophones des Cara\u00efbes (les Bahamas, la Barbade, le Belize, le Guyana, la Jama\u00efque, le Suriname et Trinit\u00e9-et-Tobago) pour 2023, avec des projections jusqu'en 2025. Sur la base d'un examen harmonis\u00e9 de la l\u00e9gislation du travail et de la s\u00e9curit\u00e9 sociale, elle calcule trois indicateurs comparables \u00e0 ceux disponibles pour 17 pays d'Am\u00e9rique latine : le co\u00fbt non salarial moyen du travail salari\u00e9 (NWC, selon le sigle anglais), le co\u00fbt minimum du travail salari\u00e9 (MCSL) et le co\u00fbt de la formalisation du travail informel (CFIL). En 2023, le NWC dans les Cara\u00efbes repr\u00e9sentait en moyenne 23,5 % des salaires formels, soit moins de la moiti\u00e9 de la moyenne latino-am\u00e9ricaine de 54,1 %, tandis que le MCSL repr\u00e9sentait 24,3 % du PIB par travailleur (44,6 % en Am\u00e9rique latine). Le CFIL indique que formaliser un travailleur informel co\u00fbte en moyenne 25,0 % de plus que le salaire informel (94,4 % en Am\u00e9rique latine). La note comprend des projections pour 2025 afin d'int\u00e9grer les r\u00e9formes r\u00e9centes.\n\nCe jeu de donn\u00e9es comprend les figures pr\u00e9sent\u00e9es dans la note technique et leurs donn\u00e9es sous-jacentes, qui comparent chaque pays des Cara\u00efbes et la moyenne des Cara\u00efbes \u00e0 la moyenne latino-am\u00e9ricaine en 2023, ainsi que l'\u00e9volution des salaires minimums entre 2015 et 2023.\n\nCe jeu de donn\u00e9es comprend les param\u00e8tres institutionnels et macro\u00e9conomiques utilis\u00e9s pour calculer trois indicateurs du co\u00fbt du travail formel salari\u00e9 pour sept pays anglophones et n\u00e9erlandophones des Cara\u00efbes en 2025, tels que pr\u00e9sent\u00e9s dans la note technique.\n\n### Ce que couvrent les donn\u00e9es\n\nLes Bahamas, la Barbade, le Belize, le Guyana, la Jama\u00efque, le Suriname et Trinit\u00e9-et-Tobago, chacun s\u00e9par\u00e9ment et sous la forme d'une moyenne des Cara\u00efbes, compar\u00e9s tout au long \u00e0 la moyenne des pays d'Am\u00e9rique latine disposant de donn\u00e9es sur le co\u00fbt du travail. Les trois indicateurs sont mesur\u00e9s pour 2023, selon les salaires, le PIB et la r\u00e9glementation en vigueur au 31 d\u00e9cembre 2023. Le co\u00fbt non salarial est en outre projet\u00e9 pour 2025, selon la r\u00e9glementation en vigueur au 1er ao\u00fbt 2025 et les donn\u00e9es de salaires et de PIB de 2024. Une s\u00e9rie du salaire minimum couvre la p\u00e9riode de 2015 \u00e0 2023.\n\n### Ce qu'il contient\n\nTrois tableaux contiennent les donn\u00e9es, et les deux classeurs Excel sont disponibles en t\u00e9l\u00e9chargement. Le premier pr\u00e9sente les trois indicateurs pour chaque pays et pour les deux moyennes, ventil\u00e9s par composante : cotisations obligatoires de s\u00e9curit\u00e9 sociale, primes, cong\u00e9s pay\u00e9s, indemnit\u00e9s de licenciement et pr\u00e9avis, ainsi que le salaire lui-m\u00eame dans le co\u00fbt minimum et le co\u00fbt de la formalisation. Les cotisations sont \u00e9galement r\u00e9parties entre salari\u00e9s et employeurs, et entre retraites, sant\u00e9 et autres cotisations. Le deuxi\u00e8me suit le salaire minimum l\u00e9gal en dollars \u00e0 parit\u00e9 de pouvoir d'achat de 2021, en niveau et sous forme d'indice base 100 en 2015, pour les Cara\u00efbes et pour le reste de l'Am\u00e9rique latine et des Cara\u00efbes. Le troisi\u00e8me pr\u00e9sente les param\u00e8tres de l'annexe pour chaque pays : le PIB, le facteur de conversion en parit\u00e9 de pouvoir d'achat, l'emploi et le PIB par travailleur ; le salaire minimum et le salaire moyen formel et informel ; chaque cotisation obligatoire avec son taux salarial et patronal et son assiette ; et les droits en mati\u00e8re de primes, de cong\u00e9s pay\u00e9s, de pr\u00e9avis et d'indemnit\u00e9s de licenciement, en jours et en proportion du salaire de base, avec la source juridique de chacun.\n\n### Comment les donn\u00e9es ont \u00e9t\u00e9 recueillies\n\n\u00c0 partir d'un examen de la l\u00e9gislation du travail et de la s\u00e9curit\u00e9 sociale de chaque pays, harmonis\u00e9 selon la m\u00e9thodologie d'Alaimo et al. (2017) et d'Alaimo, Altamirano et Minaya (2026). Le PIB, les facteurs de conversion en parit\u00e9 de pouvoir d'achat et l'emploi proviennent de donn\u00e9es de la Banque mondiale ; les salaires, d'enqu\u00eates officielles aupr\u00e8s des m\u00e9nages et sur la population active, de donn\u00e9es administratives et des enqu\u00eates harmonis\u00e9es aupr\u00e8s des m\u00e9nages de la BID ; et la s\u00e9rie du salaire minimum, des donn\u00e9es de l'Organisation internationale du Travail sur le salaire minimum l\u00e9gal.", "pt_BR": "Esta nota estima o custo do trabalho formal assalariado em sete pa\u00edses do Caribe de l\u00edngua inglesa e holandesa (Bahamas, Barbados, Belize, Guiana, Jamaica, Suriname e Trinidad e Tobago) para 2023, com proje\u00e7\u00f5es para 2025. Com base em uma revis\u00e3o harmonizada da legisla\u00e7\u00e3o trabalhista e previdenci\u00e1ria, calcula tr\u00eas indicadores compar\u00e1veis aos dispon\u00edveis para 17 pa\u00edses da Am\u00e9rica Latina: o custo n\u00e3o salarial m\u00e9dio do trabalho assalariado (NWC, na sigla em ingl\u00eas), o custo m\u00ednimo do trabalho assalariado (MCSL) e o custo de formaliza\u00e7\u00e3o do trabalho informal (CFIL). Em 2023, o NWC no Caribe foi em m\u00e9dia de 23,5% dos sal\u00e1rios formais, menos da metade da m\u00e9dia latino-americana de 54,1%, enquanto o MCSL representou 24,3% do PIB por trabalhador (44,6% na Am\u00e9rica Latina). O CFIL indica que formalizar um trabalhador informal custa, em m\u00e9dia, 25,0% a mais do que o sal\u00e1rio informal (94,4% na Am\u00e9rica Latina). A nota inclui proje\u00e7\u00f5es para 2025 para incorporar reformas recentes.\n\nEste conjunto de dados inclui as figuras apresentadas na nota t\u00e9cnica e seus dados subjacentes, comparando cada pa\u00eds do Caribe e a m\u00e9dia do Caribe com a m\u00e9dia latino-americana em 2023, bem como a evolu\u00e7\u00e3o dos sal\u00e1rios m\u00ednimos entre 2015 e 2023.\n\nEste conjunto de dados inclui os par\u00e2metros institucionais e macroecon\u00f4micos utilizados para calcular tr\u00eas indicadores do custo do trabalho formal assalariado para sete pa\u00edses do Caribe de l\u00edngua inglesa e holandesa em 2025, conforme apresentados na nota t\u00e9cnica.\n\n### O que os dados abrangem\n\nBahamas, Barbados, Belize, Guiana, Jamaica, Suriname e Trinidad e Tobago, cada um separadamente e como m\u00e9dia do Caribe, comparados em todos os casos com a m\u00e9dia dos pa\u00edses da Am\u00e9rica Latina que disp\u00f5em de dados de custos trabalhistas. Os tr\u00eas indicadores s\u00e3o medidos para 2023, com os sal\u00e1rios, o PIB e a regulamenta\u00e7\u00e3o vigentes em 31 de dezembro de 2023. O custo n\u00e3o salarial \u00e9 tamb\u00e9m projetado para 2025, com a regulamenta\u00e7\u00e3o vigente em 1\u00ba de agosto de 2025 e dados de sal\u00e1rios e PIB de 2024. Uma s\u00e9rie do sal\u00e1rio m\u00ednimo abrange de 2015 a 2023.\n\n### O que cont\u00e9m\n\nTr\u00eas tabelas re\u00fanem os dados, e os dois arquivos do Excel est\u00e3o dispon\u00edveis para download. A primeira apresenta os tr\u00eas indicadores para cada pa\u00eds e para ambas as m\u00e9dias, desagregados por componente: contribui\u00e7\u00f5es obrigat\u00f3rias \u00e0 seguridade social, b\u00f4nus, f\u00e9rias remuneradas, indeniza\u00e7\u00e3o por demiss\u00e3o e aviso pr\u00e9vio, al\u00e9m do pr\u00f3prio sal\u00e1rio no custo m\u00ednimo e no custo de formaliza\u00e7\u00e3o. As contribui\u00e7\u00f5es s\u00e3o tamb\u00e9m desagregadas entre trabalhadores e empregadores, e entre aposentadorias, sa\u00fade e outras contribui\u00e7\u00f5es. A segunda acompanha o sal\u00e1rio m\u00ednimo legal em d\u00f3lares de paridade de poder de compra de 2021, como n\u00edvel e como \u00edndice com 2015 igual a 100, para o Caribe e para o restante da Am\u00e9rica Latina e do Caribe. A terceira re\u00fane os par\u00e2metros do anexo para cada pa\u00eds: o PIB, o fator de convers\u00e3o de paridade de poder de compra, o emprego e o PIB por trabalhador; o sal\u00e1rio m\u00ednimo e o sal\u00e1rio m\u00e9dio formal e informal; cada contribui\u00e7\u00e3o obrigat\u00f3ria com sua al\u00edquota do trabalhador e do empregador e sua base de contribui\u00e7\u00e3o; e os direitos de b\u00f4nus, f\u00e9rias remuneradas, aviso pr\u00e9vio e indeniza\u00e7\u00e3o por demiss\u00e3o, em dias e como propor\u00e7\u00e3o do sal\u00e1rio-base, com a fonte legal de cada um.\n\n### Como os dados foram coletados\n\nA partir de uma revis\u00e3o da legisla\u00e7\u00e3o trabalhista e previdenci\u00e1ria de cada pa\u00eds, harmonizada segundo a metodologia de Alaimo et al. (2017) e Alaimo, Altamirano e Minaya (2026). O PIB, os fatores de convers\u00e3o de paridade de poder de compra e o emprego prov\u00eam de dados do Banco Mundial; os sal\u00e1rios, de pesquisas oficiais domiciliares e de for\u00e7a de trabalho, de dados administrativos e das pesquisas domiciliares harmonizadas do BID; e a s\u00e9rie do sal\u00e1rio m\u00ednimo, dos dados de sal\u00e1rio m\u00ednimo legal da Organiza\u00e7\u00e3o Internacional do Trabalho."}}}