Living Wage Individual in Colombia increased to 782100 COP/Month in 2018 from 746500 COP/Month in 2017.

Living Wage Individual in Colombia averaged 754825 COP/Month from 2015 until 2018, reaching an all time high of 782100 COP/Month in 2018 and a record low of 730000 COP/Month in 2016. Colombia Living Wage Individual - values, historical data and charts - was last updated on May of 2020.

Living Wage Individual in Colombia is expected to reach 781232.49 COP/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Living Wage Individual is projected to trend around 781232.49 COP/Month in 2021 and 754717.33 COP/Month in 2022, according to our econometric models.

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Colombia Living Wage Individual

Actual Previous Highest Lowest Dates Unit Frequency
782100.00 746500.00 782100.00 730000.00 2015 - 2018 COP/Month yearly

Colombia Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.60 12.20 17.87 7.30 percent [+]
Unemployed Persons 2969.00 3044.99 3408.44 1791.64 Thousand [+]
Population 50.37 49.83 50.37 16.01 Million [+]
Wages High Skilled 2598000.00 2503700.00 2598000.00 2470000.00 COP/Month [+]
Wages Low Skilled 899500.00 833200.00 899500.00 825400.00 COP/Month [+]
Labor Force Participation Rate 59.20 63.20 66.90 56.90 percent [+]
Living Wage Family 1095100.00 1065500.00 1095100.00 1042100.00 COP/Month [+]
Living Wage Individual 782100.00 746500.00 782100.00 730000.00 COP/Month [+]
Employed Persons 20531.00 22005.79 23098.02 15188.95 Thousand [+]
Employment Rate 51.70 55.48 61.41 48.97 percent [+]


Colombia Living Wage Individual
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey.