Colombia vs Mexico: Real minimum wages at constant prices — Statutory minimum wages
Real minimum wages at constant prices — Statutory minimum wages over time
- Colombia
- Mexico
How they compare
Colombia currently reports 4,917 US dollars, exchange rate converted against 3,768 US dollars, exchange rate converted in Mexico, a difference of 1,149 US dollars, exchange rate converted.
That makes Colombia's figure about 1.3 times Mexico's.
The two have swapped places 1 time across 42 shared years of data; in 1984 it was Mexico ahead.
Colombia ranks 23rd and Mexico ranks 25th of 26 countries.
Colombia has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Colombia | Mexico | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 3,208 US dollars, exchange rate converted | 2,806 US dollars, exchange rate converted | 401.98 US dollars, exchange rate converted | Colombia |
| 1990s | 3,033 US dollars, exchange rate converted | 1,707 US dollars, exchange rate converted | 1,326 US dollars, exchange rate converted | Colombia |
| 2000s | 3,396 US dollars, exchange rate converted | 1,448 US dollars, exchange rate converted | 1,948 US dollars, exchange rate converted | Colombia |
| 2010s | 3,899 US dollars, exchange rate converted | 1,544 US dollars, exchange rate converted | 2,355 US dollars, exchange rate converted | Colombia |
| 2020s | 4,519 US dollars, exchange rate converted | 2,923 US dollars, exchange rate converted | 1,596 US dollars, exchange rate converted | Colombia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real minimum wages at constant prices — statutory minimum wages, Colombia or Mexico?
- Colombia, at 4,917 US dollars, exchange rate converted against 3,768 US dollars, exchange rate converted in Mexico as of 2025.
- What is the difference in real minimum wages at constant prices — statutory minimum wages between Colombia and Mexico?
- 1,149 US dollars, exchange rate converted, with Colombia ahead.
- How many years of comparable data are there for Colombia and Mexico?
- 42 years are reported by both, from 1984 to 2025.
- How do Colombia and Mexico rank globally for real minimum wages at constant prices — statutory minimum wages?
- Colombia ranks 23rd and Mexico ranks 25th 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.