HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Truck Driver Average Salary in Bolivia 2022

How much money does a Truck Driver make in Bolivia?


Average Monthly Salary
2,630 BOB
( 31,600 BOB yearly)

LOW
1,340
BOB
AVERAGE
2,630
BOB
HIGH
4,050
BOB

A person working as a Truck Driver in Bolivia typically earns around 2,630 BOB per month. Salaries range from 1,340 BOB (lowest) to 4,050 BOB (highest).

This is the average monthly salary including housing, transport, and other benefits. Truck Driver salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Truck Driver Salary Distribution in Bolivia

Median and salary distribution monthly Bolivia Truck Driver
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/courier-delivery-transport-drivers/truck-driver/median-and-salary-distribution-monthly-bolivia-truck-driver.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Truck Driver salaries in Bolivia range from 1,340 BOB per month (minimum salary) to 4,050 BOB per month (maximum salary).

  • Median Salary

    The median salary is 2,580 BOB per month, which means that half (50%) of people working as Truck Driver(s) are earning less than 2,580 BOB while the other half are earning more than 2,580 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 Truck Driver(s) are earning less than 1,760 BOB while 75% of them are earning more than 1,760 BOB. Also from the diagram, 75% of Truck Driver(s) are earning less than 3,250 BOB while 25% are earning more than 3,250 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

Truck Driver Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Bolivia Truck Driver
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/courier-delivery-transport-drivers/truck-driver/salary-comparison-by-years-of-experience-monthly-bolivia-truck-driver.jpg

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Truck Driver salaries by experience level and this is what we found.

A Truck Driver with less than two years of experience makes approximately 1,510 BOB per month.

While someone with an experience level between two and five years is expected to earn 1,970 BOB per month, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,750 BOB per month, 40% more than someone with two to five years of experience.

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.

Additionally, Truck Driver(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,310 BOB per month, 20% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 3,590 BOB per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 3,880 BOB per month, 8% more than people with fifteen to twenty years of experience.


Truck Driver average salary change by experience in Bolivia

0 - 2 Years
1,510 BOB
2 - 5 Years+31%
1,970 BOB
5 - 10 Years+40%
2,750 BOB
10 - 15 Years+20%
3,310 BOB
15 - 20 Years+9%
3,590 BOB
20+ Years+8%
3,880 BOB
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Truck Driver Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Truck Driver(s) who have the same experience but different education levels.

Salary comparison by education level monthly Bolivia Truck Driver
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/courier-delivery-transport-drivers/truck-driver/salary-comparison-by-education-level-monthly-bolivia-truck-driver.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Truck Driver salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Truck Driver is 1,720 BOB per month.

While someone with a Certificate or Diploma gets a salary of 2,540 BOB per month, 47% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 3,890 BOB per month, 53% more than someone with a Certificate or Diploma.


Truck Driver average salary difference by education level in Bolivia

High School
1,720 BOB
Certificate or Diploma+47%
2,540 BOB
Bachelor's Degree+53%
3,890 BOB
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Truck Driver Salary Comparison By Gender

Salary comparison by gender monthly Bolivia Truck Driver
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/courier-delivery-transport-drivers/truck-driver/salary-comparison-by-gender-monthly-bolivia-truck-driver.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Truck Driver employees in Bolivia earn 9% more than their female counterparts on average.

Male
2,750 BOB
Female-8%
2,520 BOB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bolivia for all Careers

Salary comparison by gender monthly Bolivia
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/salary-comparison-by-gender-monthly-bolivia.jpg

Truck Driver Average Annual Salary Increment Percentage in Bolivia

How much are annual salary increments in Bolivia for Truck Driver(s)? How often do employees get salary raises?

Truck Driver

Truck Driver(s) in Bolivia are likely to observe a salary increase of approximately 4% every 30 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bolivia Truck Driver
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/courier-delivery-transport-drivers/truck-driver/annual-salary-increment-rate-bolivia-truck-driver.jpg


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.

Bolivia / All Professions

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 2021

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Bolivia for the year 2021. 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.


Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Truck Driver Bonus and Incentive Rates in Bolivia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bolivia Truck Driver
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/courier-delivery-transport-drivers/truck-driver/annual-salary-bonus-rate-bolivia-truck-driver.jpg

A Truck Driver is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

90% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 10% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
10%
No Bonus
90%

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.


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.

Example:
A graphics designer working for a graphics designing company.

Example:
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.

Truck Driver Average Hourly Wage in Bolivia


15 BOB per hour

The average hourly wage (pay per hour) in Bolivia is 15 BOB. This means that the average Truck Driver in Bolivia earns approximately 15 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.

Truck Driver VS Other Jobs

Salary Comparison Between Truck Driver and Courier / Delivery / Transport / Drivers monthly Bolivia
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bolivia/courier-delivery-transport-drivers/truck-driver/salary-comparison-between-truck-driver-and-courier-delivery-transport-drivers-monthly-bolivia.jpg

The average salary for Truck Driver is 21% less than that of Courier / Delivery / Transport / Drivers. Also, Courier / Delivery / Transport / Drivers salaries are 61% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Bus Driver2,800 BOB+6%
CDL Driver3,080 BOB+17%
CDL Truck Driver3,110 BOB+18%
Chauffeur3,090 BOB+17%
Courier Coordinator4,310 BOB+64%
Courier Sales Manager6,210 BOB+140%
Deck Officer2,810 BOB+7%
Delivery Driver2,480 BOB-6%
Delivery Specialist3,370 BOB+28%
Delivery Supervisor3,880 BOB+47%
Dispatcher2,240 BOB-15%
Driver2,550 BOB-3%
Driving Instructor3,410 BOB+30%
Goods Receiving Expediter2,790 BOB+6%
Limousine Driver3,170 BOB+20%
Parking Inspector3,290 BOB+25%
School Bus Driver2,870 BOB+9%
Shuttle Driver2,560 BOB-3%
Taxi Driver2,690 BOB+2%
Third Officer2,600 BOB-1%
Train Driver2,960 BOB+12%
Tram Driver2,800 BOB+6%
Transport Officer2,720 BOB+3%
Transportation and Shipping Supervisor4,180 BOB+59%
Transportation Manager10,400 BOB+300%
Truck Driver2,630 BOB-0%

Salary Comparison By City

CityAverage Salary
Cochabamba2,820 BOB
La Paz2,850 BOB
Oruro2,850 BOB
Potosi2,540 BOB
Santa Cruz3,050 BOB
Sucre2,530 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

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2022