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Average Salary in Bolivia 2023

How much money does a person working in Bolivia make?

Average Monthly Salary
8,530 BOB
( 102,000 BOB yearly)


A person working in Bolivia typically earns around 8,530 BOB per month. Salaries range from 2,160 BOB (lowest average) to 38,100 BOB (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Bolivia

Median and salary distribution monthly Bolivia
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Bolivia range from 2,160 BOB per month (minimum salary) to 38,100 BOB per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 9,040 BOB per month, which means that half (50%) of the population are earning less than 9,040 BOB while the other half are earning more than 9,040 BOB. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 5,040 BOB while 75% of them are earning more than 5,040 BOB. Also from the diagram, 75% of the population are earning less than 25,000 BOB while 25% are earning more than 25,000 BOB.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.

Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Bolivia costs anywhere from 42,600 Boliviano(s) to 128,000 Boliviano(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Salary Comparison By Gender

Salary comparison by gender monthly Bolivia
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Bolivia earn 8% more than their female counterparts on avergae across all sectors.

8,890 BOB
8,220 BOB
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Bolivia

How much are annual salary increments in Bolivia? How often do employees get salary raises?


Employees in Bolivia are likely to observe a salary increase of approximately 5% every 28 months.

Annual Salary Increment Rate Bolivia
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Bolivia is 2%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Bolivia for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Bolivia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bolivia
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62% of surveyed staff in Bolivia reported that they haven't received any bonuses or incentives in the previous year while 38% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

Bonus Rates Comparison by Career Field

Business Development
Marketing / Advertising
Information Technology
Customer Service
Human Resources

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant5,970 BOB
Accounting Assistant4,790 BOB
Accounting Manager12,700 BOB
Bookkeeper4,100 BOB
Chartered Accountant7,600 BOB
Corporate Treasurer11,700 BOB
Financial Analyst10,900 BOB
Financial Manager17,700 BOB
Internal Auditor7,910 BOB

Administration / Reception / Secretarial
Administrative Assistant4,500 BOB
Office Manager7,740 BOB
Receptionist3,410 BOB
Secretary4,020 BOB

Advertising / Grapic Design / Events
Art Director8,940 BOB
Creative Director8,790 BOB
Graphic Designer5,210 BOB
Photographer4,840 BOB

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer10,600 BOB
Air Traffic Controller9,380 BOB
Flight Attendant5,980 BOB
Pilot15,400 BOB

Architect10,300 BOB
CAD Drafter4,380 BOB

Mechanic3,200 BOB
Service Advisor6,200 BOB

Bank Branch Manager15,200 BOB
Teller3,330 BOB

Teacher6,930 BOB
Translator7,600 BOB

Business Planning
Business Analyst10,300 BOB
Business Development Manager14,000 BOB
Project Manager10,000 BOB

Care Giving and Child Care
Nanny3,460 BOB
Nursery Teacher3,260 BOB

Construction / Building / Installation
Civil Engineer7,980 BOB
Construction Project Manager13,800 BOB
Health and Safety Officer3,860 BOB

Customer Service and Call Center
Call Center Representative3,130 BOB
Customer Service Manager11,700 BOB
Customer Service Representative3,320 BOB

Electrical Engineer8,310 BOB
Engineer8,420 BOB
Mechanical Engineer8,400 BOB

Executive and Management
Chief Executive Officer19,200 BOB
Chief Financial Officer18,000 BOB
General Manager15,100 BOB

Food / Hospitality / Tourism / Catering
Chef5,340 BOB
Executive Chef6,500 BOB
Hotel Manager15,300 BOB
Travel Agent5,270 BOB
Waiter / Waitress2,710 BOB

Health and Medical
Dentist20,000 BOB
Dietitian17,200 BOB
Laboratory Technician6,670 BOB
Nurse7,030 BOB

Human Resources
Human Resources Manager12,700 BOB
Human Resources Officer5,100 BOB

Information Technology
Computer Technician6,770 BOB
Database Administrator8,460 BOB
Developer / Programmer8,520 BOB
Information Technology Manager13,700 BOB
Network Engineer7,620 BOB

Law Enforcement / Security / Fire
Police Officer4,960 BOB

Attorney16,700 BOB
Legal Assistant4,610 BOB

Media / Broadcasting / Arts / Entertainment
Journalist9,980 BOB

Pharmaceutical and Biotechnology
Biomedical Engineer7,230 BOB
Pharmacist10,700 BOB

Sales Retail and Wholesale
Cashier3,390 BOB
Sales Manager14,600 BOB
Sales Representative5,630 BOB

Teaching / Education
Elementary School Teacher5,730 BOB
Secondary School Teacher6,820 BOB

Average Hourly Wage in Bolivia

49 BOB per hour

The average hourly wage (pay per hour) in Bolivia is 49 BOB. This means that the average person in Bolivia earns approximately 49 BOB for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Salary Comparison By City

CityAverage Salary
Cochabamba8,970 BOB
La Paz9,200 BOB
Oruro8,720 BOB
Potosi7,960 BOB
Santa Cruz9,470 BOB
Sucre8,360 BOB

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Bolivia earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
7,930 BOB
Public Sector+17%
9,290 BOB
Percentage increase and decrease are relative to the previous value

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