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.

Colombia Living Wage Family
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Colombia Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.70 8.80 17.87 7.30 percent [+]
Unemployed Persons 2471.54 2156.11 3408.44 1791.64 Thousand [+]
Population 49.29 48.75 49.29 16.01 Million [+]
Labor Force Participation Rate 65.10 63.10 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 22953.01 22461.64 23098.02 15188.95 Thousand [+]
Employment Rate 58.73 57.53 61.41 48.97 percent [+]


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 Living Wage Family - actual data, historical chart and calendar of releases - was last updated on February of 2019.

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




Country Last Previous
Argentina 14400.00 Dec/18
Australia 2790.00 Dec/18
Brazil 2360.00 Dec/18
Canada 2580.00 Dec/18
France 1790.00 Dec/18
Germany 1990.00 Dec/17
India 19400.00 Dec/18
Indonesia 2954800.00 Dec/18
Italy 1440.00 Dec/18
Mexico 7900.00 Dec/18
Netherlands 1560.00 Dec/18
Russia 23700.00 Dec/18
South Africa 11300.00 Dec/18
Spain 1150.00 Dec/18
Turkey 3190.00 Dec/18
United Kingdom 1300.00 Dec/18
United States 2380.00 Dec/18


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