Colombia vs Paraguay: Monthly minimum wage
Monthly minimum wage over time
- Colombia
- Paraguay
How they compare
Paraguay currently reports 2.80 million against 1.30 million in Colombia, a difference of 1.50 million.
That makes Paraguay's figure about 2.2 times Colombia's.
Across all 30 years both countries report, Paraguay has been ahead every year.
Colombia ranks 8th and Paraguay ranks 5th of 173 countries.
Paraguay has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Colombia | Paraguay | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 174,670 | 525,491 | 350,821 | Paraguay |
| 2000s | 372,670 | 1.07 million | 695,784 | Paraguay |
| 2010s | 650,058 | 1.84 million | 1.19 million | Paraguay |
| 2020s | 1.05 million | 2.37 million | 1.32 million | Paraguay |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monthly minimum wage, Colombia or Paraguay?
- Paraguay, at 2.80 million against 1.30 million in Colombia as of 2024.
- What is the difference in monthly minimum wage between Colombia and Paraguay?
- 1.50 million, with Paraguay ahead.
- How many years of comparable data are there for Colombia and Paraguay?
- 30 years are reported by both, from 1995 to 2024.
- How do Colombia and Paraguay rank globally for monthly minimum wage?
- Colombia ranks 8th and Paraguay ranks 5th of 173 countries.
- Where does this data come from?
- International Labour Organization, published as Monthly minimum wage (Local currency). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Data refer to the minimum monthly earnings of all employees as of December 31st of each year. Minimum wages are not reported for countries for which collective bargaining is in place for minimum wages. In cases where a national minimum wage is not mandated, the minimum wage in place in the capital or major city is used. In some cases, an average of multiple regional minimum wages is used. In countries where the minimum wage is set at the sectoral level or occupational level, the minimum wage for manufacturing or unskilled workers is generally applied. Data are converted to U.S. dollars as the common currency, using exchange rates or purchasing power parity (PPP) rates rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries. For more information, refer to the Wages and Working Time Statistics (COND) database description.