In 2023, the national gross income per capita in Colombia increased by 240 U.S. dollars (+3.62 percent) compared to 2022. In total, the national gross income amounted to 6,870 U.S. dollars in 2023. Gross national income (GNI) per capita is the total amount of money received by a country (regardless of whether it originates in the country or abroad) divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which uses a price adjusted, three year moving average, which smooths out exchange rate fluctuations.Find more statistics on other topics about Colombia with key insights such as value added to gross domestic product by the manufacturing sector, personal remittances received, and value added by the services industry to the gross domestic product.

In 2023, the median household income in the District of Columbia amounted to 111,000 U.S. dollars. This is an increase from the previous year, when the median household income amounted to 101,700 U.S. dollars. The median income in the United States can be accessed here.

Through the time frame displayed, there has been an overall increase in the average income for the Colombian population in the capital Bogota. Starting the report with the lowest amount all the way to the topmost one in 2023 with around 1.93 million Colombian pesos.

Colombia CO: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data was reported at -2.590 % in 2021. Colombia CO: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data is updated yearly, averaging -2.590 % from Dec 2021 (Median) to 2021, with 1 observations. The data reached an all-time high of -2.590 % in 2021 and a record low of -2.590 % in 2021. Colombia CO: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: Annualized Average Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Social: Poverty and Inequality. The growth rate in the welfare aggregate of the bottom 40% is computed as the annualized average growth rate in per capita real consumption or income of the bottom 40% of the population in the income distribution in a country from household surveys over a roughly 5-year period. Mean per capita real consumption or income is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries means are not reported due to grouped and/or confidential data. The annualized growth rate is computed as (Mean in final year/Mean in initial year)^(1/(Final year - Initial year)) - 1. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported. The initial year refers to the nearest survey collected 5 years before the most recent survey available, only surveys collected between 3 and 7 years before the most recent survey are considered. The coverage and quality of the 2017 PPP price data for Iraq and most other North African and Middle Eastern countries were hindered by the exceptional period of instability they faced at the time of the 2017 exercise of the International Comparison Program. See the Poverty and Inequality Platform for detailed explanations.;World Bank, Global Database of Shared Prosperity (GDSP) (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).;;The comparability of welfare aggregates (consumption or income) for the chosen years T0 and T1 is assessed for every country. If comparability across the two surveys is a major concern for a country, the selection criteria are re-applied to select the next best survey year(s). Annualized growth rates are calculated between the survey years, using a compound growth formula. The survey years defining the period for which growth rates are calculated and the type of welfare aggregate used to calculate the growth rates are noted in the footnotes.

Colombia OUE: Florencia: By Income data was reported at 5.083 Person th in Apr 2019. This records an increase from the previous number of 4.835 Person th for Mar 2019. Colombia OUE: Florencia: By Income data is updated monthly, averaging 4.725 Person th from Mar 2007 (Median) to Apr 2019, with 146 observations. The data reached an all-time high of 9.873 Person th in Nov 2014 and a record low of 2.110 Person th in Sep 2008. Colombia OUE: Florencia: By Income data remains active status in CEIC and is reported by National Statistics Administrative Department. The data is categorized under Global Database’s Colombia – Table CO.G032: Underemployment: Household Survey.

In 2023, an estimate of 27.8 million Colombian adults had a net worth of less than 10 thousand U.S. dollars. In contrast, the total net assets of approximately 38 thousand people above 18 years old in the South American country surpassed one million dollars. Colombia is among the most unequal countries in Latin America.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2024, workers in the Central American country enjoy a basic monthly wage of over 687 U.S. dollars, an increase of 1.83 percent compared to the previous year and over 100 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than three dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

Colombia CO: Survey Mean Consumption or Income per Capita: Total Population: 2011 PPP per day data was reported at 12.110 Intl $/Day in 2020. This records a decrease from the previous number of 14.330 Intl $/Day for 2015. Colombia CO: Survey Mean Consumption or Income per Capita: Total Population: 2011 PPP per day data is updated yearly, averaging 13.220 Intl $/Day from Dec 2015 (Median) to 2020, with 2 observations. The data reached an all-time high of 14.330 Intl $/Day in 2015 and a record low of 12.110 Intl $/Day in 2020. Colombia CO: Survey Mean Consumption or Income per Capita: Total Population: 2011 PPP per day data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Social: Poverty and Inequality. Mean consumption or income per capita (2011 PPP $ per day) used in calculating the growth rate in the welfare aggregate of total population.; ; World Bank, Global Database of Shared Prosperity (GDSP) (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).; ; The choice of consumption or income for a country is made according to which welfare aggregate is used to estimate extreme poverty in the Poverty and Inequality Platform (PIP). The practice adopted by the World Bank for estimating global and regional poverty is, in principle, to use per capita consumption expenditure as the welfare measure wherever available; and to use income as the welfare measure for countries for which consumption is unavailable. However, in some cases data on consumption may be available but are outdated or not shared with the World Bank for recent survey years. In these cases, if data on income are available, income is used. Whether data are for consumption or income per capita is noted in the footnotes. Because household surveys are infrequent in most countries and are not aligned across countries, comparisons across countries or over time should be made with a high degree of caution.