Minimum wage in colombia 2025. Minimum Wage Beginning July 1, 2025, the minimum wage in the District of Columbia will increase from $17. The increase comes after months of debate between the government and labour unions, who demanded an Dec 25, 2024 · Colombia announces a 9. 4 million pesos ($323. Feb 8, 2025 · The "salario minimo en colombia 2025" refers to the minimum wage in Colombia for the year 2025. 000 iii. Colombian workers are awaiting what the minimum wage will be in 2025. Apr 24, 2025 · The minimum wage has been revised in Colombia with effect from 01 January 2024. So things, This remuneration was set for 2025 in an average of $ 466. In 2024, the national minimum wage in Colombia remained fixed at €307. In a significant move aimed at improving workers' quality of life, President Gustavo Petro officially decreed a 9. The new system is intended to expand old-age income support for more Colombians. Dec 26, 2024 · Increase of the Minimum Legal Monthly Minimum Wage in Force for the Year 2025 The National Government has announced the increase of the legal monthly minimum wage in force for the year 2025. 000 COP from Dec 1984 (Median) to 2025, with 42 observations. 00 per week, or $35,360. According to the minimum salary established by law as of January 2025, workers in the Central American country Dec 11, 2024 · Colombia's Labor Minister Gloria Inés Ramírez has expressed confidence that a tripartite agreement with employers and unions will be reached before Sunday to set a percentage increase in the minimum wage in 2025. 54% rise. 00 per year. 4 million pesos (approximately $323. 24 signed Decree No. Starting January 1, the minimum wage will rise from 1,300,000 to to 1,423,500 Colombian pesos, that is, from US$294 to US$322. 54% in 2025, Colombia's President Gustavo Petro said on Tuesday, announcing the hike by decree after a deal was not reached between the Aug 8, 2025 · Current Minimum Wage in Colombia As of January 1, 2025, the official monthly minimum wage in Colombia is set at COP 1,423,500, reflecting a 9. Aug 6, 2025 · In 2025, Colombia's national minimum wage stands at COP 1,423,500 per month, with an additional transportation allowance (at COP $200,000). The increase is smaller than the hike announced for this year. 6% increase. The minimum wage in 2025 will rise to 1. 54% compared to the Mar 12, 2004 · This paper exploits the long history of the minimum wage in a relatively stable developing economy like Colombia in order to see whether it may alleviate the living conditions of low income families and reduce income inequality. Ordinary Current Monthly Minimum Wage COP 1. 95 per hour for all workers, regardless of the size of the employer. Eligible employees also receive a mandatory transportation subsidy (auxilio de transporte) of COP 200,000 per month, bringing the total monthly compensation to COP 1,623,500. The core argument, and a legally supported one, is that the minimum wage must at least keep pace with the rising cost of living to prevent a decline in the purchasing power of the nation's lowest-paid workers. If the employee earns less than 10x the minimum monthly wage, the severance payment entitlement is 30 days for the first year of employment, plus 20 days for each additional year of service. Colombia Minimum Legal Daily Wage data is updated yearly, averaging 12,325. The minimum wage will rise to 1. Jan 8, 2025 · Learn about minimum wage rates in Latin America for 2025. 5 percent between 2024 and 2025, reaching 1. 00 per hour. USD rates given via xe. 500), reflecting a 9. Here’s what businesses need to know to stay compliant and ahead. Dec 24, 2024 · Colombia's minimum wage will increase by 9. [2] 8 January – A Cessna 402 operated by Pacifica de Aviación (registered as HK Hourly Minimum Wage Colombia 2025 $ 5,931. Jul 15, 2025 · Colombia reduces the official workday to 44 hours per week, thanks to a 2021 law that establishes the workday at 42 hours by 2026. 50), reflecting a 2. The decision was made by presidential decree after negotiations between the government Dec 24, 2024 · The minimum wage in 2025 will rise to 1. 280 (2004); William Maloney and Jairo Nuñez Mendez, “Measuring the Impact of Minimum Wages: Evidence from Latin America,” In Law and Employment: Lessons from Dec 15, 2022 · Colombia's minimum wage will increase by 16% in 2023, President Gustavo Petro said on Thursday, higher than the previous wage hike. 4 million Colombian pesos per month, a 9. Minimum Legal Monthly Salary for year 2025: ONE MILLION FOUR HUNDRED TWENTY-THREE THOUSAND FIVE Apr 22, 2025 · Costa Rica is the country with the highest minimum monthly wage in Latin America. Jun 24, 2025 · Colombia’s 2025 labor reform is set to reshape hiring, contracts, and costs. Although the […] Apr 25, 2025 · This wage applies to all employees working a full-time schedule. Through Decrees 2292 and 2293 of December 29, 2023, the Ministry of Labor set the value of the Minimum Legal Monthly Wage in Force (SMLMV) with an increase of 12. 5. Complete information from official sources. 00, youth training wage of $17. Jan 14, 2025 · In December 2024, the Colombian government announced an increase to the minimum wage for 2025. 54% announced by President Gustavo Petro. Colombia's minimum wage will increase by 9. Official salary and general information about Colombia. It became valid on January 1, 2025. 3 million pesos per month this year. This adjustment, confirmed through a government decree, reflects the ongoing negotiations between the government, business representatives, and workers' unions. Dec 26, 2024 · Colombia’s government decreed a 9. 3 years. Dec 29, 2024 · BOGOTA, Colombia: President Gustavo Petro announced a 9. Nov 1, 2024 · In this article, we’ll explore the updated minimum wage in Colombia for 2025, its components, implications for businesses, and how it affects different sectors. 54% as announced by President Gustavo Petro on December 24. 3 million ($297) to 1. Jan 28, 2025 · Increase in Minimum Wage On 1 January 2025, a new monthly minimum wage level of 1,423,500 Colombian pesos (COP) was announced, which equates to approximately US$323. The decision was made by presidential decree after negotiations between the government Nov 1, 2024 · In 2025, Colombia’s minimum wage reflects economic challenges, aiming to provide a sustainable income for low-wage workers while supporting business growth. The apprentice must be enrolled in the social security system, including health, occupational risk, and pension coverage as a dependent worker. 54% in 2025, Colombia's President Gustavo Petro said on Tuesday, announcing the hike by decree after a deal was not reached between the government Aug 8, 2025 · Current Minimum Wage in Colombia As of January 1, 2025, the official monthly minimum wage in Colombia is set at COP 1,423,500, reflecting a 9. As of July 1, 2025, the base minimum wage for tipped employees will remain at $10. 54% in 2025, Colombia’s President Gustavo Petro said on Tuesday, announcing the hike by decree after a deal was not reached between the government, business associations and workers unions. The adjustment marks a smaller Apr 13, 2025 · The recent announcement by President Gustavo Petro regarding the 2025 minimum wage increase in Colombia, with a 9. BOGOTA, Colombia: President Gustavo Petro announced a 9. Monthly minimum wages will go up from COP1. 7% annual inflation adjustment based on the Consumer Price Index for All Urban Consumers (CPI-U) in the Washington Metropolitan Statistical Area. The increase will take effect from January 1, 2025, and has sparked a range of reactions f Dec 25, 2024 · Colombia’s President Gustavo Petro announced that the country’s minimum wage will increase by 9. Get insights into salary increases, inflation trends, and official data sources. Jan 30, 2024 · Comparison chart of minimum salary in Latin America. 000 COP in 2025. 50, tipped minimum wage of $8. 40 to $17. As such, the following minimum wages will be applicable, effective January 1, 2025. It is the lowest monthly salary that employers are legally obligated to pay their employees. 54 percent increase in the country's minimum wage for 2025, setting it at 1. 4 million pesos monthly and impacting key sectors like agriculture and manufacturing. This year, the minimum wage rose by 9. Jun 3, 2019 · Severance Pay In Colombia, severance pay is mandatory if applicable and determined by the employee’s length of service and the rate of earnings. 3 million pesos in 2024. Jan 30, 2025 · Salario mnimo is the minimum wage set by the Colombian government each year. The table below lists the current prevailing 2025 minimum wage rates for every state in the United States. 90) per month, up from 1. Jan 21, 2025 · Table of Contents It’s official: Colombia’s minimum wage rises 9. 54 percent increase in the country’s minimum wage. 000 COP in 2025 and a record low of 376. Dec 31, 2024 · Colombia’s government decreed a 9. 5 percent. In addition to the minimum monthly wage, there is a mandatory transportation allowance (Auxilio de Transporte) for employees earning up to a certain threshold (typically two times the minimum wage). Special BC minimum wages will also increase for liquor servers, live-in camp leaders, live-in home support workers, and resident caretakers. Mar 6, 2025 · According to the document submitted to Congress, the main drivers of Colombia’s 2025 still-high inflation are the increase in the minimum wage and high gas prices. 42 million Colombian pesos (US$323), which corresponds to an increase of 9. Oct 10, 2024 · Formal negotiations will soon begin in Colombia to set the minimum wage for 2025, which has increased by 28 percent over the past two years. 2 million Colombian workers, represents an effort to improve purchasing power in the face of a projected inflation of 3% in 2025. 43 million ($326) next year. The minimum wage is crucial for ensuring a basic level of living for workers and their families, especially for those in low-income households. Hourly Minimum Wage Colombia 2025 $ 5,931. Hourly Minimum Wage Colombia 2025 $ 5,931. Nov 30, 2024 · Photo: The Colombian Workers do the math with that assumption. Jun 16, 2025 · BOGOTA (Reuters) – Colombia’s minimum wage will increase by 9. Jan 26, 2025 · Minimum wage Istock (See: Trump’s Executive Order that puts millions of dollars of help to Colombia at risk) In Guatemala, on the other hand, the minimum wage reported an increase of 10% and 6%, respectively, for agricultural activities and other export work. It ensures you reduce the chances of compliance or payroll problems. Get Colombia's minimum wage since year 1984. On Tuesday, Colombian President Gustavo Petro decreed a 9. Colombia’s Minimum Wage As of 2024, Colombia’s minimum monthly wage is $1,300,000 COP (approximately $330 USD). Yearly increase: 9. 54% by decree after labor unions and the employers’ association failed to reach an agreement. Dec 24, 2024 · Colombia's Minimum Wage Adjustments for 2025 Colombia is set to implement a significant change to its minimum wage, with an increase of 9. On leaving the first day of the meeting to negotiate the minimum wage, which brings together the Government, workers and business associations, Ramírez stressed the confidence in Dec 25, 2024 · The minimum wage in 2025 will rise to 1. 50% increase over the 2024 minimum wage. 07% and the Legal Transportation Aid with an increase of 15. This marks an increase of over 9% from the previous minimum wage of COP 1,300,000 in 2024 equating to approximately US$295. Jan 8, 2025 · On December 26, 2024, the president of Colombia decreed an increase of 9. This week the schedule of conversations between workers and companies was defined, with the support of the Ministry of Labor, to define how much the minimum wage will increase in Colombia by 2025, a decision that will impact more than two million workers and will take place in a scenario of high expectations due to the economic situation the country is going through. Discover the average salary in Colombia, wage comparisons by profession, minimum wage insights, and how Colombia's salaries stack up globally. 4 million pesos (US$323. Carlos Arango and Angelica Pachón, “The Minimum Wage in Colombia: Holding the Middle with a Bite on the Poor,” Banco de la República Borradores de Economía Working Paper No. The national minimum wae has increased from COP1,160,000. 50, overtime rules, and exceptions. 330 COP for 2024. 50 per hour to $17. 67 COP thirty-eight thousand, six hundred and sixty-six point six six six six six six six six seven Salario mnimo en Colombia 2025 refers to the minimum wage established by the Colombian government for the year 2025. Monthly Legal Transportation Assistance COP 200. Daily Minimum Wage Colombia 2023 $ 38,666. Minimum salary – COP 1,423,500 Transportation allowance – COP 200,000 Integral minimum salary – COP 18,505,500 The change in the minimum wage has the following impact on the Social Security Contribution: In Colombia, the minimum wage is a measure of economic health, a political flashpoint, and a key factor in business strategy. Where the minimum wage is hourly/daily, number is calculated for a full time worker. 54% in 2025, Colombia's President Gustavo Petro said on Tuesday, announcing the hike by decree after a deal was not reached between the government, business Aug 11, 2025 · Official District of Columbia 2025 minimum wage of $17. Mar 10, 2025 · Effective July 1, 2025, the District of Columbia’s minimum wage will increase to $17. This adjustment implies an increase of $123,500, establishing the monthly salary at $1,423,500 for workers who receive this base income. The new monthly minimum wage has been set at COP $1,423,500, excluding the transportation subsidy. 42 million Colombian pesos. 95 per hour (up from $17. 5% minimum wage hike after employers and labor unions failed to reach agreement. **dollarized economy ***Range of minimum rates, lowest overall is given here. 1. Figures from relevant Ministry of Labor or equivalent. Dec 26, 2024 · Colombia set the 2025 minimum wage increase at 9. . 54% increase in the national minimum wage for 2025, setting it at 123,500 pesos. The President of the Republic of Colombia (Gustavo Petro) announced through a speech the increase of the minimum wage that will govern in Colombia on January 1st, 2025; the figures were established as follows: i. 54 % ($ 123,500. The minimum wage for 2025 will be determined and announced towards the end of 2024. Read: Minimum wage in Colombia will increase by 9. Jan 1, 2025 · Minimum Wage – Colombia The current minimum wage in Colombia is COP1,623,500. Mar 11, 2025 · Colombia is restructuring its pension system into a four-pillar system, comprising a solidarity program, semi-contributory program, contributory program and a voluntary program, with effect from 1 July 2025. Employers should consider economic conditions, industry variations, and legal requirements to ensure compliance and fair compensation. May 24, 2025 · Minimum salary thresholds established by different countries ensure various forms of wage fairness, protection for local labour markets and deliverances for international work permits. 25 COP five thousand, nine hundred and thirty-one point two five May 27, 2025 · Explore the average salary in Colombia in 2025. Employers must understand the full scope of minimum wage obligations to ensure compliance and build positive employment relationships. It represents the lowest legal hourly or monthly wage that employers are required to pay their workers. 90) per month in 2025, up from 1. Dec 25, 2024 · ‘The minimum wage does drive economic growth. 54% increase in minimum wage for 2025, raising it to 1. 9 per month, that is 3,695 euros per year, taking into account 12 payments per year. Jan 9, 2025 · As of January 1, 2025, the Colombian Ministry of Labor increased monthly minimum salary and legal transportation aid for jobs in the private sector. The increase exceeds the annual Consumer Price Index by more than four percentage points. Consulta el valor salario mínimo en Colombia para el año 2025, incluyendo el subsidio de transporte y su aumento o variación anual. will now have the highest minimum wage as compared to other provinces. This page provides - Colombia Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. C. 54 per cent in 2025, after talks between the government, business associations, and workers’ unions failed to reach a consensus. 00 COP) Monthly minimum wage + monthly transport subsidy: $ 1,623,500. The wage hike that will take force in January is significantly higher than the estimated inflation rate for 2024. While the measure aims to improve workers’ quality of life, especially amidst high inflation, its implications extend far beyond the immediate perception of its beneficiaries. Dec 31, 2024 · Meanwhile, in Venezuela the minimum wage remains stagnant at 130 bolivars per month in 2022. The minimum wage is determined by the Colombian government and is typically adjusted annually to keep pace with inflation and the cost of living. 00 COP. Jul 31, 2025 · The following countries have announced changes in salary requirements: 1 January – The minimum wage in Colombia is raised from 1. Dec 27, 2024 · Colombia's President Gustavo Petro has announced a 9. Dec 31, 2024 · The Colombian President’s Office Dec. Jan 13, 2025 · These figures gain particular significance when compared to the minimum wage increase established by the Government through Decree 1572 of 2024. 1572/2024, increasing the monthly minimum wage for 2025 to 1. A year of high inflation invariably leads to demands for a substantial wage hike, while a Dec 24, 2024 · The minimum wage in 2025 will rise to 1. Taking into account the impact this has not only for workers but also for all organizations, in this newsletter we present the most significant changes that employers will have to take into account Aug 5, 2025 · Monopsony, corporate power, and the labor market4. At the end of 2023, the government announced the minimum wage for 2024 would increase by 12%. 54% hike, has sparked intense debates in economic and labor circles. 500 ii. In states that do not set a minimum wage rate, or have an antiquated minimum wage rate that is less than the rate set by the Federal government, the Federal minimum wage rate will take precedence and apply to all employees within that state. This change raises the monthly minimum wage from $1,300,000 to $1,423,500. Colombia's minimum wage was last changed in 1-Jan-2016. Learn more: EVERYPLACE Property Management Minimum Wage & Median Income Understanding the minimum and median wages in Medellin helps put salaries into perspective, especially when comparing them to the cost of living. THE OFFICIAL SALARY IN COLOMBIA IN 2025: Average salary – 1,600,000 Colombian pesos per month ($380) Minimum wage – 1,423,500 Colombian pesos per month ($340) Source: Government of Colombia and international recruitment agencies May 8, 2025 · The minimum wage per month guaranteed by law in Colombia was forecasted to increase by approximately 9. [1] 3 January – Thirteen people die and 28 are injured after a bus carrying 42 people falls into a gorge while traveling on a road connecting Ipiales with Pasto in Nariño Department. 85 per hour, marking a 2. Colombia Discovers Bodies From Jan 4, 2025 · The minimum wage for 2025 in Colombia was adjusted with an increase of 9. This records an increase from the previous number of 43,333. 54% minimum wage increase for 2025 after unions and employers failed to reach an agreement. The government has set a new wage floor in 2025 that carries implications for employers and employees. A full time minimum wage worker in District of Columbia working will earn $680. 54% in 2025, Colombia's President Gustavo Petro said on Tuesday, announcing the hike by decree after a deal was not reached between the government, business associations and workers unions. 00 per month. This decree set the minimum wage for 2025 at ONE MILLION FOUR HUNDRED AND TWENTY-THREE THOUSAND FIVE HUNDRED COLOMBIAN PESOS (COP 1. Dec 30, 2023 · Colombia’s government will increase the nation’s minimum wage by 12% next year, eliminating a key source of uncertainty for central bankers who have been divided over interest rate cuts. 54% in the minimum wage. It is the lowest amount that employers are legally allowed to pay their employees. 3 million pesos per month this year Dec 25, 2024 · The minimum wage in Colombia for the year 2025 It has been established at 1,423,500 pesos per month, which represents an increase of 9. *Rates are in process of adjustment to be announced soon. This whitepaper captures the latest minimum salaries around the world, drawn from a Fragomen report dated May 22, 2025. The general minimum wage will rise from $17. Important points to take into account: the integral minimum wage for the year 2025; legal transportation allowance for the year 2025. 22%. With enslaved workers, a country’s economy does not grow,’ he stated. 25 COP five thousand, nine hundred and thirty-one point two five Colombia Minimum Legal Daily Wage data was reported at 47,450. 3 million pesos this year. Colombia, Ecuador, Peru, Guatemala, Argentina, Chile, Uruguay and Mexico recently announced their adjustments to the minimum wage between 6% to 12%. com as of January 2025. Nov 1, 2024 · In 2025, Colombia’s minimum wage reflects economic challenges, aiming to provide a sustainable income for low-wage workers while supporting business growth. Dec 25, 2024 · MACROECONOMICS - BOGOTA. This decision was made after failing to reach an agreement with business sectors and unions. May 15, 2025 · For 2025, the minimum wage in Colombia is COP $1,423,500 per month, and workers earning up to two minimum wages are entitled to a transportation allowance of COP $200,000. 423. Jun 4, 2025 · Stay updated on minimum wage laws in Colombia, including rates, industry trends, and tips for staying compliant with 2025 regulations. Calcula el valor equivalente y consulta la historia del salario mínimo. 20%), putting pressure on labor costs and the prices of goods and services. 600 COP in 1984 Jun 24, 2025 · It provides economic support equivalent to 75% of the monthly minimum wage (SMLMV, by its initials in Spanish) during the academic (theoretical) phase and 100% during the practical phase. By means of Decrees 1572 and 1573 of December 24, 2024, the National Government established the new Minimum Wage and Transportation Allowance, respectively, that will be in effect for the year 2025. The National Government has announced the increase of the legal monthly minimum wage in force for the year 2025. 5% increase in Colombia’s minimum wage for 2025. Minimum Wages in Colombia increased to 1423500 COP/Month in 2025 from 1300000 COP/Month in 2024. Salario Minimo En Colombia 2025. Jul 1, 2025 · The minimum wages in some states are higher than the federal minimum wage in 2025, including District of Columbia, Washington, California, Connecticut, and others. 00 per month in 2025. The minimum wage is established by the government every January and serves as a benchmark for wage bargaining. Feb 16, 2025 · British Columbia's provincial government has announced a significant minimum wage increase slated to take effect on June 1, 2025. In 2024, the minimum remuneration that an employer is obliged to pay to its employees is 1,300,000 pesos a figure that many employees believe is not enough for them to survive. 5% for 2025 In a significant move aimed at improving workers’ quality of life, President Gustavo Petro officially decreed a 9. If we look at the minimum salary in Colombian pesos, which is the official currency in Colombia, we can see that, this year, it was 1,300,000 Colombian pesos and accordingly, the national minimum wage has been raised 140,000 Colombian Salario mnimo is the minimum wage set by the Colombian government each year. Aug 8, 2025 · As of January 1, 2025, the official monthly minimum wage in Colombia is set at COP 1,423,500, reflecting a 9. We’ll share what you need to know to position your business to attract the top talent. Facts and statistics about Colombia Colombia is a country located in the South America region with a population of 42,321,000 and an average life span of 70. The minimum wage in Colombia is determined by the Consejo Nacional de Salarios y Salarios Mnimos (National Council of Salaries and Minimum Wages), which is made up of representatives from the government, employers, and workers. Compare wages by profession, learn about minimum pay rates, compliance laws, and why Colombia is a top outsourcing destination. News Colombia. 25 COP five thousand, nine hundred and thirty-one point two five Dec 26, 2024 · Colombia has decreed a 9. District of Columbia's minimum wage rate as of f, 2025 is $17. 90) per month, Petro said, up from 1. 00 to COP1,300,000. The data reached an all-time high of 47,450. 3 million to 1. Dec 24, 2024 · The minimum wage in 2025 will rise to 1. Dec 25, 2024 · The minimum wage in 2025 will rise to 1. 54% in 2025: This is what it looks like with transportation assistance May 31, 2025 · A new minimum wage increase in British Columbia comes into effect on June 1, 2025 and the B. Dec 26, 2024 · This increase, which benefits more than 2. Jul 30, 2025 · The human element of this annual debate cannot be overstated. 5%, significantly outpacing inflation (5. 54% increase from the previous year. kqte foguk jznm kfyb mxiasnz eeutb jztg vkg wbpuqgxn wpuxt