Chile vs Colombia: Real minimum wages at constant prices — Statutory minimum wages
Real minimum wages at constant prices — Statutory minimum wages over time
- Chile
- Colombia
How they compare
Chile currently reports 6,551 US dollars, exchange rate converted against 4,917 US dollars, exchange rate converted in Colombia, a difference of 1,634 US dollars, exchange rate converted.
That makes Chile's figure about 1.3 times Colombia's.
The two have swapped places 1 time across 36 shared years of data; in 1990 it was Colombia ahead.
Chile ranks 22nd and Colombia ranks 23rd of 26 countries.
Across the 4 decades both report, Chile averaged higher in 3 and Colombia in 1.
Head to head by decade
| Decade | Chile | Colombia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2,262 US dollars, exchange rate converted | 3,033 US dollars, exchange rate converted | 771.28 US dollars, exchange rate converted | Colombia |
| 2000s | 3,423 US dollars, exchange rate converted | 3,396 US dollars, exchange rate converted | 27.01 US dollars, exchange rate converted | Chile |
| 2010s | 4,563 US dollars, exchange rate converted | 3,899 US dollars, exchange rate converted | 663.78 US dollars, exchange rate converted | Chile |
| 2020s | 5,756 US dollars, exchange rate converted | 4,519 US dollars, exchange rate converted | 1,236 US dollars, exchange rate converted | Chile |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real minimum wages at constant prices — statutory minimum wages, Chile or Colombia?
- Chile, at 6,551 US dollars, exchange rate converted against 4,917 US dollars, exchange rate converted in Colombia as of 2025.
- What is the difference in real minimum wages at constant prices — statutory minimum wages between Chile and Colombia?
- 1,634 US dollars, exchange rate converted, with Chile ahead.
- How many years of comparable data are there for Chile and Colombia?
- 36 years are reported by both, from 1990 to 2025.
- How do Chile and Colombia rank globally for real minimum wages at constant prices — statutory minimum wages?
- Chile ranks 22nd and Colombia ranks 23rd of 26 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Real minimum wages at constant prices — Statutory minimum wages. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Real minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 30 OECD countries and two other non-member countries for which they are available. Real hourly and annual minimum wages are calculated first by deflating the series using the consumer price index taking 2024 as the base year then converted into common currency units 1) US dollars (USD) and 2) USD using Purchasing Power Parities (PPPs) for private consumption expenditures in 2024.