Colombia Minimum Wage Rate 2024

Colombia has a government-mandated minimum wage, and no worker in Colombia can be paid less then this mandatory minimum rate of pay. Employers in Colombia who fail to pay the Minimum Wage may be subject to punishment by Colombia's government.

What is the Colombia Minimum Wage?

Colombia's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.

Columbia's minimum wage is 689,954 Colombian pesos a month. The minimum wage is established by the government every January and serves as a benchmark for wage bargaining. Colombia's minimum wage was last changed in 1-Jan-2016.

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 70.3 years.