Colombia Colombia National Minimum Wage - NMW

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NMW Colombia 2020

Colombia rises the national minimum wage

In 2020, the national minimum wage in Colombia remained fixed at 238.2 € per month, that is 2,858 euros per year, taking into account 12 payments per year.

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 877,803 Colombian pesos and accordingly, the national minimum wage has been raised 49,687 Colombian pesos per month from the previous year, 6%. This increase is greater than the CPI of 2019 which was 3.8%, so workers have gained buying power in the last year.

If we look at the ranking of the national minimum wage that we publish, Colombia is in 60 nd place, so it is among the countries with the lowest minimum salary of the 100 of the list.

The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.

In the table that follows we show you the progression of the National Minimum Wage Colombia. You can see NMW in other countries in National Minimum Wage 2020 and see all the information about this country in Colombia economy.

Colombia - Minimum wages
DateNat. Curr. NMWNMWNMW
January 2020877,803.0266.5 $238.2 €
December 2019252.4 $
January 2019828,116.0252.9 $220.8 €
December 2018264.3 $
January 2018781,242.0262.9 $220.3 €
December 2017250.0 $
January 2017737,717.0245.9 $233.2 €
December 2016225.8 $
January 2016689,454.0218.9 $201.1 €
December 2015235.0 $
January 2015644,350.0269.3 $221.8 €
December 2014307.7 $
January 2014616,000.0320.4 $232.0 €
December 2013315.5 $
January 2013589,500.0332.8 $252.9 €
December 2012315.4 $
January 2012566,700.0291.7 $224.7 €
December 2011288.1 $
January 2011535,600.0269.2 $208.6 €
December 2010271.3 $
January 2010515,000.0251.9 $175.6 €
December 2009230.2 $
January 2009496,900.0226.1 $159.3 €
December 2008234.5 $
January 2008461,500.0232.2 $159.9 €
December 2007208.7 $
January 2007433,700.0194.9 $148.1 €
December 2006172.8 $
January 2006408,000.0178.8 $151.2 €
December 2005164.4 $
January 2005381,500.0158.2 $116.3 €
December 2004136.2 $
January 2004358,000.0128.7 $103.0 €
December 2003115.4 $
January 2003332,000.0116.3 $111.6 €
December 2002123.4 $
January 2002309,000.0134.3 $152.4 €
December 2001124.4 $
January 2001286,000.0129.1 $138.7 €
December 2000124.6 $
January 2000260,100.0138.8 $138.2 €
December 1999134.6 $
January 1999236,460.0156.9 $
December 1998142.9 $
January 1998203,826.0157.8 $
December 1997150.8 $
January 1997172,005.0171.1 $
December 1996137.1 $
January 1996142,125.0143.9 $
December 1995130.3 $
January 1995118,934.0143.0 $
January 199498,700.0121.9 $
January 199381,510.0111.7 $
January 199265,190.0103.0 $
January 199151,716.0
January 199041,025.0
January 198932,560.0
January 198825,637.0
January 198720,510.0
January 198616,811.0
January 198513,558.0
January 198411,298.0
Colombia - Minimum wages