Living Wage Family in Colombia increased to 1095100 COP/Month in 2018 from 1065500 COP/Month in 2017.

Living Wage Family in Colombia averaged 1068875 COP/Month from 2015 until 2018, reaching an all time high of 1095100 COP/Month in 2018 and a record low of 1042100 COP/Month in 2016. Colombia Living Wage Family - values, historical data and charts - was last updated on September of 2020.

Living Wage Family in Colombia is expected to reach 1135352.83 COP/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Living Wage Family is projected to trend around 1135352.83 COP/Month in 2021 and 1096364.26 COP/Month in 2022, according to our econometric models.

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Colombia Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
1095100.00 1065500.00 1095100.00 1042100.00 2015 - 2018 COP/Month yearly

Colombia Labour Last Previous Highest Lowest Unit
Unemployment Rate 20.20 19.80 21.40 7.30 percent [+]
Unemployed Persons 4558.88 4532.73 4693.93 1791.64 Thousand [+]
Population 50.37 49.83 50.37 16.01 Million [+]
Labor Force Participation Rate 55.20 51.80 66.90 51.80 percent [+]
Employed Persons 17983.56 18344.62 23098.02 15188.95 Thousand [+]
Employment Rate 45.10 46.05 61.41 41.57 percent [+]


Colombia Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.