Monthly minimum wage (Local currency), annual growth rate in Colombia
Colombia: Monthly minimum wage (Local currency), annual growth rate was 12.07 % change on previous year in 2024. ◆ Volatile
Monthly minimum wage (Local currency), annual growth rate in Colombia, 1996–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for monthly minimum wage (local currency), annual growth rate in Colombia is 12.07 % change on previous year, measured in 2024.
That represents a change of down 24.6% on the previous year and up 168.5% over ten years.
Over the whole period, monthly minimum wage (local currency), annual growth rate in Colombia peaked at 21.02 % change on previous year in 1997 and was at its lowest, 3.4 % change on previous year, in 2011.
Colombia ranks 38th of 168 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage (Local currency), annual growth rate in Colombia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 19.5 % change on previous year | — |
| 1997 | 21.02 % change on previous year | +7.8% |
| 1998 | 18.5 % change on previous year | -12.0% |
| 1999 | 16.01 % change on previous year | -13.5% |
| 2000 | 10 % change on previous year | -37.6% |
| 2001 | 9.96 % change on previous year | -0.4% |
| 2002 | 8.04 % change on previous year | -19.2% |
| 2003 | 7.44 % change on previous year | -7.4% |
| 2004 | 7.83 % change on previous year | +5.2% |
| 2005 | 6.56 % change on previous year | -16.2% |
| 2006 | 6.95 % change on previous year | +5.8% |
| 2007 | 6.3 % change on previous year | -9.3% |
| 2008 | 6.41 % change on previous year | +1.8% |
| 2009 | 7.67 % change on previous year | +19.7% |
| 2010 | 3.64 % change on previous year | -52.5% |
| 2011 | 3.4 % change on previous year | -6.7% |
| 2012 | 6.42 % change on previous year | +89.0% |
| 2013 | 4.02 % change on previous year | -37.4% |
| 2014 | 4.5 % change on previous year | +11.7% |
| 2015 | 4.6 % change on previous year | +2.4% |
| 2016 | 7 % change on previous year | +52.1% |
| 2017 | 7 % change on previous year | -0.0% |
| 2018 | 5.9 % change on previous year | -15.7% |
| 2019 | 6 % change on previous year | +1.7% |
| 2020 | 6 % change on previous year | +0.0% |
| 2021 | 3.5 % change on previous year | -41.7% |
| 2022 | 10.07 % change on previous year | +187.7% |
| 2023 | 16 % change on previous year | +58.9% |
| 2024 | 12.07 % change on previous year | -24.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.76 % change on previous year | 16.01 % change on previous year | 21.02 % change on previous year | 4 |
| 2000s | 7.72 % change on previous year | 6.3 % change on previous year | 10 % change on previous year | 10 |
| 2010s | 5.25 % change on previous year | 3.4 % change on previous year | 7 % change on previous year | 10 |
| 2020s | 9.53 % change on previous year | 3.5 % change on previous year | 16 % change on previous year | 5 |
Countries ranked near Colombia
- 35 Bulgaria 12.52 % change on previous year compare
- 36 Fiji 12.5 % change on previous year compare
- 37 Slovakia 12.13 % change on previous year compare
- 39 Lithuania 11.08 % change on previous year compare
- 40 Hungary 11 % change on previous year compare
- 41 Senegal 10.94 % change on previous year compare
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 monthly minimum wage (local currency), annual growth rate in Colombia?
- Monthly minimum wage (local currency), annual growth rate in Colombia was 12.07 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), annual growth rate recorded in Colombia?
- The highest recorded value was 21.02 % change on previous year in 1997.
- What is the lowest monthly minimum wage (local currency), annual growth rate recorded in Colombia?
- The lowest recorded value was 3.4 % change on previous year in 2011.
- How does Colombia rank for monthly minimum wage (local currency), annual growth rate?
- Colombia ranks 38th out of 168 countries with data for 2024.
- Is monthly minimum wage (local currency), annual growth rate rising or falling in Colombia?
- Over the last ten years it is up 168.5%. The long-run trend across the full record is volatile.
- Where does this Colombia data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage (Local currency), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Monthly minimum wage International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.