The minimum wage per month guaranteed by law in Colombia was forecasted to increase by approximately 9.5 percent between 2024 and 2025, reaching 1.42 million Colombian pesos. In that same line, the inflation rate in the country reached 6.6 percent during 2024.

Minimum Wages in Colombia increased to 1423500 COP/Month in 2025 from 1300000 COP/Month in 2024. This dataset provides - Colombia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Legal Daily Wage data was reported at 47,450.000 COP in 2025. This records an increase from the previous number of 43,333.330 COP for 2024. Minimum Legal Daily Wage data is updated yearly, averaging 12,325.000 COP from Dec 1984 (Median) to 2025, with 42 observations. The data reached an all-time high of 47,450.000 COP in 2025 and a record low of 376.600 COP in 1984. Minimum Legal Daily Wage data remains active status in CEIC and is reported by Bank of the Republic of Colombia. The data is categorized under Global Database’s Colombia – Table CO.G072: Minimum Legal Daily Wage.

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 2025, workers in the Central American country enjoy a basic monthly wage of over 726 U.S. dollars, an increase of 2.37 percent compared to the previous year. They also earn over 200 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 2.50 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.

The national gross income per capita in Colombia increased by 170 U.S. dollars (+2.56 percent) compared to the previous year. While the growth is slowing down, with 6,810 U.S. dollars, the national gross income is at its peak in the observed period. 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.

This statistic shows the average monthly salary in the palm industry in Colombia in 2016, broken down by contract type. In that year, the average wages of permanent workers in the oil palm sector amounted to more than 1.16 million Colombian pesos per month.

Colombia CO: Law Mandates Equal Remuneration for Females & Males for Work of Equal Value: 1=Yes; 0=No data was reported at 0.000 NA in 2018. This stayed constant from the previous number of 0.000 NA for 2017. Colombia CO: Law Mandates Equal Remuneration for Females & Males for Work of Equal Value: 1=Yes; 0=No data is updated yearly, averaging 0.000 NA from Dec 2009 (Median) to 2018, with 10 observations. The data reached an all-time high of 0.000 NA in 2018 and a record low of 0.000 NA in 2018. Colombia CO: Law Mandates Equal Remuneration for Females & Males for Work of Equal Value: 1=Yes; 0=No 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: Governance: Policy and Institutions. Law mandates equal remuneration for females and males for work of equal value is whether there is a law that obligates employers to pay equal remuneration to male and female employees who do work of equal value.“Remuneration” refers to the ordinary, basic or minimum wage or salary and any additional emoluments payable directly or indirectly, whether in cash or in kind, by the employer to the worker and arising out of the worker’s employment. “Work of equal value” refers not only to the same or similar jobs but also to different jobs of the same value.; ; World Bank: Women, Business and the Law.; ;

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 Wages & Salaries: Mfg: Basic Chem Subs, Fertilizers & Inorganic Nitrogen Compounds, Plastics & Synthetic Rubber data was reported at 308.435 COP bn in 2017. This records an increase from the previous number of 282.753 COP bn for 2016. Colombia Wages & Salaries: Mfg: Basic Chem Subs, Fertilizers & Inorganic Nitrogen Compounds, Plastics & Synthetic Rubber data is updated yearly, averaging 282.753 COP bn from Dec 2015 (Median) to 2017, with 3 observations. The data reached an all-time high of 308.435 COP bn in 2017 and a record low of 262.867 COP bn in 2015. Colombia Wages & Salaries: Mfg: Basic Chem Subs, Fertilizers & Inorganic Nitrogen Compounds, Plastics & Synthetic Rubber 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.G023: Employed Personnel: Manufacturing Sector.

Explore the progression of average salaries for graduates in Universidad Cooperativa De Colombia from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Universidad Cooperativa De Colombia relative to other fields. This data is essential for students assessing the return on investment of their education in Universidad Cooperativa De Colombia, providing a clear picture of financial prospects post-graduation.

In 2024, around 97 percent of Colombia's population was affiliated to the public healthcare system. By program, around 45 percent of those affiliated were part of the contributive program, mandatory for every individual earning at least a minimum wage, while the share of Colombian citizens taking part in the subsidized scheme amounted to 55 percent.

According to a recent study, Colombia had the lowest monthly cost of living in Latin America with 546 U.S. dollars needed for basic living. In contrast, four countries had a cost of living above one thousand dollars, Costa Rica, Chile, Panama and Uruguay. In 2022, the highest minimum wage in the region was recorded by Ecuador with 425 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 22 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2022, the average net monthly salary in Brazil was lower than Ecuador's minimum wage.

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 more than 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.

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.

How much do software development professionals earn in Latin America? Among the presented countries, software developers in Panama had the highest median annual salary, amounting to 50 thousand U.S. dollars.

哥伦比亚 Wages & Salaries: Mfg: Basic Chem Subs, Fertilizers & Inorganic Nitrogen Compounds, Plastics & Synthetic Rubber在2017达308.435 COP bn，相较于2016的282.753 COP bn有所增长。哥伦比亚 Wages & Salaries: Mfg: Basic Chem Subs, Fertilizers & Inorganic Nitrogen Compounds, Plastics & Synthetic Rubber数据按每年更新，2015至2017期间平均值为282.753 COP bn，共3份观测结果。该数据的历史最高值出现于2017，达308.435 COP bn，而历史最低值则出现于2015，为262.867 COP bn。CEIC提供的哥伦比亚 Wages & Salaries: Mfg: Basic Chem Subs, Fertilizers & Inorganic Nitrogen Compounds, Plastics & Synthetic Rubber数据处于定期更新的状态，数据来源于National Statistics Administrative Department，数据归类于Global Database的哥伦比亚 – Table CO.G023: Employed Personnel: Manufacturing Sector。