Minimum Wages in Colombia increased to 908526 COP/Month in 2021 from 877803 COP/Month in 2020.

Minimum Wages in Colombia averaged 351278.37 COP/Month from 1984 until 2021, reaching an all time high of 908526 COP/Month in 2021 and a record low of 11298 COP/Month in 1984. This page provides - Colombia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Minimum Wages - values, historical data and charts - was last updated on September of 2021.

Minimum Wages in Colombia is expected to reach 908526.00 COP/Month by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Minimum Wages is projected to trend around 970000.00 COP/Month in 2022 and 1028000.00 COP/Month in 2023, according to our econometric models.

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Colombia Minimum Wages

Actual Previous Highest Lowest Dates Unit Frequency
908526.00 877803.00 908526.00 11298.00 1984 - 2021 COP/Month Yearly
Current Prices, NSA

Colombia Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.30 14.40 21.40 7.30 percent [+]
Unemployed Persons 3484.57 3470.59 4693.93 1791.64 Thousand [+]
Population 50.88 50.37 50.88 16.01 Million [+]
Labor Force Participation Rate 60.40 59.70 66.90 51.80 percent [+]
Minimum Wages 908526.00 877803.00 908526.00 11298.00 COP/Month [+]
Employed Persons 20902.01 20628.15 23098.02 15188.95 Thousand [+]
Employment Rate 51.77 51.14 61.41 41.57 percent [+]