Average hourly labour cost per employee - Discontinued in Colombia
Colombia: Average hourly labour cost per employee - Discontinued was 390,264 in 2021. ▲ Rising
Average hourly labour cost per employee - Discontinued in Colombia, 2017–2021
Source: International Labour Organization.
Analysis
The most recent figure for average hourly labour cost per employee - discontinued in Colombia is 390,264, measured in 2021. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 6.3% on the previous year and up 24.9% over five years.
That places Colombia 1st out of 50 countries with data for 2021, putting it in the top 10%.
Average hourly labour cost per employee - Discontinued in Colombia, year by year
| Year | Value | Change |
|---|---|---|
| 2017 | 312,418 | — |
| 2018 | 336,117 | +7.6% |
| 2019 | 365,056 | +8.6% |
| 2020 | 366,963 | +0.5% |
| 2021 | 390,264 | +6.3% |
Colombia compared with similar countries
- Colombia's 390,264 is above the median for upper middle income countries, which is 834.5, 467.7× the median. (12 countries reporting)
- Colombia's 390,264 is above the median for Latin America & Caribbean, which is 2,705, 144.3× the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 337,864 | 312,418 | 365,056 | 3 |
| 2020s | 378,614 | 366,963 | 390,264 | 2 |
Countries ranked near Colombia
More work & labour data for Colombia
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.7218 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.6981 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.7453 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.81 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.1417 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 48,629 1000 No (2050)
- Population - Est. & Proj. — Rural population 6,104 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 23,624 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 23,456 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 47,081 1000 No (2100)
Frequently asked questions
- What is average hourly labour cost per employee - discontinued in Colombia?
- Average hourly labour cost per employee - discontinued in Colombia was 390,264 in 2021, according to International Labour Organization.
- What is the highest average hourly labour cost per employee - discontinued recorded in Colombia?
- The highest recorded value was 390,264 in 2021.
- What is the lowest average hourly labour cost per employee - discontinued recorded in Colombia?
- The lowest recorded value was 312,418 in 2017.
- How does Colombia rank for average hourly labour cost per employee - discontinued?
- Colombia ranks 1st out of 50 countries with data for 2021.
- Where does this Colombia data come from?
- The figures come from International Labour Organization, published as part of Average hourly labour cost per employee - Discontinued. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Data on labour cost is presented, whenever possible, in nominal terms and on the basis of the mean hourly labour cost per employee. Labour cost is the cost incurred by the employer in the employment of labour in a specified reference period. It comprises remuneration for work performed, payments in respect of time paid for but not worked, bonuses and gratuities, the cost of food, drink and other payments in kind, cost of workers' housing borne by employers, employers' social security expenditures, cost to the employer for vocational training, welfare services and miscellaneous items, such as transport of workers, work clothes and recruitment, together with taxes regarded as labour cost. For more information, refer to the Prices, Costs, and Currency Conversions (PRICES) database description.