Real minimum wages at constant prices — Statutory minimum wages in Colombia
Colombia: Real minimum wages at constant prices — Statutory minimum wages was 4,917 US dollars, exchange rate converted in 2025. ▲ Rising
Real minimum wages at constant prices — Statutory minimum wages in Colombia, 1984–2025
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
The most recent figure for real minimum wages at constant prices — statutory minimum wages in Colombia is 4,917 US dollars, exchange rate converted, measured in 2025. That is the highest value across all 42 years on record.
The figure is up 4.1% on the previous year and up 25.9% over ten years.
Over the whole period, real minimum wages at constant prices — statutory minimum wages in Colombia peaked at 4,917 US dollars, exchange rate converted in 2025 and was at its lowest, 2,963 US dollars, exchange rate converted, in 1996.
That places Colombia 23rd out of 26 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3,208 US dollars, exchange rate converted | 3,138 US dollars, exchange rate converted | 3,274 US dollars, exchange rate converted | 6 |
| 1990s | 3,033 US dollars, exchange rate converted | 2,963 US dollars, exchange rate converted | 3,163 US dollars, exchange rate converted | 10 |
| 2000s | 3,396 US dollars, exchange rate converted | 3,185 US dollars, exchange rate converted | 3,623 US dollars, exchange rate converted | 10 |
| 2010s | 3,899 US dollars, exchange rate converted | 3,671 US dollars, exchange rate converted | 4,188 US dollars, exchange rate converted | 10 |
| 2020s | 4,519 US dollars, exchange rate converted | 4,326 US dollars, exchange rate converted | 4,917 US dollars, exchange rate converted | 6 |
Countries ranked near Colombia
- 20 Costa Rica 9,479 US dollars, exchange rate converted compare
- 21 Bulgaria 7,448 US dollars, exchange rate converted compare
- 22 Chile 6,551 US dollars, exchange rate converted compare
- 24 Peru 3,798 US dollars, exchange rate converted compare
- 25 Mexico 3,768 US dollars, exchange rate converted compare
- 26 Brazil 3,260 US dollars, exchange rate converted compare
More economy & growth data for Colombia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.41 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0002 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 5,145 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 3,757 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.0003 (2025)
- Gdp worldbank constant usd, annual growth rate 2.64 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.8147 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 6,976 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2025)
Frequently asked questions
- What is real minimum wages at constant prices — statutory minimum wages in Colombia?
- Real minimum wages at constant prices — statutory minimum wages in Colombia was 4,917 US dollars, exchange rate converted in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest real minimum wages at constant prices — statutory minimum wages recorded in Colombia?
- The highest recorded value was 4,917 US dollars, exchange rate converted in 2025.
- What is the lowest real minimum wages at constant prices — statutory minimum wages recorded in Colombia?
- The lowest recorded value was 2,963 US dollars, exchange rate converted in 1996.
- How does Colombia rank for real minimum wages at constant prices — statutory minimum wages?
- Colombia ranks 23rd out of 26 countries with data for 2025.
- Is real minimum wages at constant prices — statutory minimum wages rising or falling in Colombia?
- Over the last ten years it is up 25.9%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Real minimum wages at constant prices — Statutory minimum wages. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under OECD Terms and Conditions (attribution required).
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.