Living Wage Family in Colombia increased to 1095100 COP/Month in 2018 from 1065500 COP/Month in 2017. Living Wage Family in Colombia averaged 1068875 COP/Month from 2015 until 2018, reaching an all time high of 1095100 COP/Month in 2018 and a record low of 1042100 COP/Month in 2016.

Living Wage Family in Colombia is expected to be 1140659.87 COP/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Living Wage Family is projected to trend around 1096364.26 COP/Month in 2020, according to our econometric models.

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Colombia Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
1095100.00 1065500.00 1095100.00 1042100.00 2015 - 2018 COP/Month yearly

Colombia Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.

Colombia Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.30 9.80 17.87 7.30 percent [+]
Unemployed Persons 2331.82 2490.28 3408.44 1791.64 Thousand [+]
Population 49.83 49.29 49.83 16.01 Million [+]
Labor Force Participation Rate 64.10 62.80 66.90 56.90 percent [+]
Living Wage Family 1095100.00 1065500.00 1095100.00 1042100.00 COP/Month [+]
Living Wage Individual 782100.00 746500.00 782100.00 730000.00 COP/Month [+]
Wages High Skilled 2598000.00 2503700.00 2598000.00 2470000.00 COP/Month [+]
Wages Low Skilled 899500.00 833200.00 899500.00 825400.00 COP/Month [+]
Employed Persons 22874.45 22813.25 23098.02 15188.95 Thousand [+]
Employment Rate 57.85 57.75 61.41 48.97 percent [+]