Living Wage Individual in Colombia increased to 782100 COP/Month in 2018 from 746500 COP/Month in 2017. Living Wage Individual in Colombia averaged 754825 COP/Month from 2015 until 2018, reaching an all time high of 782100 COP/Month in 2018 and a record low of 730000 COP/Month in 2016.

Living Wage Individual in Colombia is expected to be 778923.09 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 Individual is projected to trend around 754717.33 COP/Month in 2020, according to our econometric models.

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Colombia Living Wage Individual

Actual Previous Highest Lowest Dates Unit Frequency
782100.00 746500.00 782100.00 730000.00 2015 - 2018 COP/Month yearly


Colombia Living Wage Individual
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.

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 [+]