Colombia's minimum wage for 2023

$ 1,160,000.00 COP

One million, one hundred and sixty thousand

Yearly increase: 16.00 % ($ 160,000.00 COP)

Monthly minimum wage + monthly transport subsidy: $ 1,300,606.00 COP

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Daily Minimum Wage Colombia 2023

$ 38,666.67 COP

thirty-eight thousand, six hundred and sixty-six point six six six six six six six six seven

Hourly Minimum Wage Colombia 2023

$ 4,833.33 COP

four thousand, eight hundred and thirty-three point three three three three three three three three three three

Colombia's Minimum wage table

Monthly

Minimum wage equivalent Value
0.5 x minimum wage $ 580,000.00
1 minimum wage $ 1,160,000.00
2 x minimum wage $ 2,320,000.00
3 x minimum wage $ 3,480,000.00
4 x minimum wage $ 4,640,000.00
5 x minimum wage $ 5,800,000.00
10 x minimum wage $ 11,600,000.00
15 x minimum wage $ 17,400,000.00
20 x minimum wage $ 23,200,000.00
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Daily

Minimum wage equivalent Value
0.5 x minimum wage $ 19,333.33
1 minimum wage $ 38,666.67
2 x minimum wage $ 77,333.33
3 x minimum wage $ 116,000.00
4 x minimum wage $ 154,666.67
5 x minimum wage $ 193,333.33
10 x minimum wage $ 386,666.67
15 x minimum wage $ 580,000.00
20 x minimum wage $ 773,333.33
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Colombia | 2016 - 2025 | Español