Minimum Wages in Colombia increased to 1423500 COP/Month in 2025 from 1300000 COP/Month in 2024. Minimum Wages in Colombia averaged 434097.10 COP/Month from 1984 until 2025, reaching an all time high of 1423500.00 COP/Month in 2025 and a record low of 11298.00 COP/Month in 1984.

Minimum Wages in Colombia is expected to reach 1423500.00 COP/Month by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Minimum Wages is projected to trend around 1500000.00 COP/Month in 2026 and 1600000.00 COP/Month in 2027, according to our econometric models.



Related Last Previous Unit Reference
Employed Persons 23969.04 23752.95 Thousand Jul 2025
Employment Rate 58.90 58.43 percent Jul 2025
Labor Force Participation Rate 64.60 63.90 percent Jul 2025
Minimum Wages 1423500.00 1300000.00 COP/Month Dec 2025
Population 52.97 52.22 Million Dec 2024
Unemployed Persons 2324.86 2221.89 Thousand Jul 2025
Unemployment Rate 8.80 8.60 percent Jul 2025



Colombia Minimum Wages
Actual Previous Highest Lowest Dates Unit Frequency
1423500.00 1300000.00 1423500.00 11298.00 1984 - 2025 COP/Month Yearly
Current Prices, NSA