Colombia
PPP-adjusted average annual wage
$30,133 2024
Colombia reports a 2024 average annual wage of 30133.361 USD PPP in constant 2025 prices, positioned well below its 2020 historical peak. Consumer price data exists solely for 2024, revealing uniform discounts against the United States benchmark across all eight measured expenditure categories.
1-Year Change
+1.9%
vs 2023
5-Year Change
−3.9%
vs 2019
Overall Price Level
32.6
2024 · United States = 100
Wage data: 2024 · Price data: 2024
Wage History
Track PPP-adjusted average annual wages in constant prices over time.
PPP-adjusted annual wage (USD)
USD PPP, constant 2025 prices
Wage Key Facts
Latest Wage
$30,133
Latest Year
2024
1-Year Change
+1.9%
5-Year Change
−3.9%
10-Year Change
+2.4%
Historical Peak
$35,659
Peak Year
2020
Change From Peak
−15.5%
What the Wage Trend Shows
The most recent average annual wage for Colombia reached 30133.361 USD PPP in 2024. This latest observation marks a 1.88 percent increase from the previous year under constant 2025 pricing.
Five-year performance shows a 3.85 percent decline while the ten-year change reflects a 2.35 percent gain. These contrasting horizons suggest uneven progression rather than consistent directional movement in real compensation levels.
Consumer Price Levels
Compare eight consumer price categories with the United States benchmark of 100.
United States = 100
What Prices Look Like
Highest: Food
Food has the highest relative price level among the available categories, at 65.4 (United States = 100).
Lowest: Health
Health is the lowest at 18.6, −81.4 index points against the United States benchmark.
Overall vs United States
The overall price level is 32.6, below the United States benchmark (−67.4 index points).
Wage and Price Snapshot
Read the latest wage record and the selected price benchmark together, without merging their years.
Colombia posted an overall consumption price index of 32.6 in 2024 relative to the United States base. This comprehensive measure signals markedly lower aggregate price levels compared to the benchmark economy.
Food registered at 65.4 and clothing at 60.4 against the United States reference value of 100 in 2024. Essential goods categories show moderate discounts while remaining higher than service-intensive sectors.
Housing measured 26.6 and health services stood at 18.6 relative to the United States benchmark in 2024. These deeply discounted categories drive much of the aggregate deviation from parity.
- Latest wage recordWage year 2024
- $30,133
- Price category coveragePrice year 2024
- 8 of 8
- Relative to United States8 below, 0 at 100
- 0 above
Compare Colombia
See how Colombia's wages and price levels compare with other OECD economies.
Greece$32,4122025+7.6%higher
Mexico$24,4632025−18.8%lower
Slovakia$37,8322025+25.5%higher
Hungary$39,1452025+29.9%higher
Chile$40,6262023+34.8%higher
Estonia$41,0192025+36.1%higher
Czechia$43,6072025+44.7%higher
Costa Rica$44,4312024+47.4%higher
Latvia$44,7092025+48.4%higher
Portugal$44,9372025+49.1%higher
Poland$49,0742025+62.9%higher
Japan$50,1832025+66.5%higherSimilar Economies
How to Read This Country Page
Three boundaries keep wage and price comparisons from being misread.
- Wage basis
- The annual wage is expressed in USD PPP at constant 2025 prices. It is an average, not a median wage, local-currency amount, or take-home figure.
- Years stay separate
- The latest wage year and the price year do not have to match. Price controls read only 2022, 2023, or 2024 and never substitute another year.
- Price benchmark
- 100 represents the United States price level. A value of 120 is reported here as 20 index points above that benchmark.
Data Coverage and Limits
See which years are actually present before comparing wage and price records.
Colombia has 21 reported wage observations from 1995 through 2024, covering a 29-year span. The record includes only available annual values, so missing years should not be treated as zero.
The first reported wage was 16,614 USD PPP in 1995, while the latest was 30,133.361 USD PPP in 2024. Both observations belong to the same constant-2025-price series and should be read only within its reported coverage.
Price observations are restricted to 2024 alone with complete category coverage for that single year. Prior years contain no reported consumer price data, limiting cross-temporal price analysis to future updates.
- Wage observations
- 21
- Wage coverage
- 1995-2024
- Price categories · 2024
- 8 of 8
- Price categories · 2023
- 0 of 8
- Price categories · 2022
- 0 of 8
Frequently Asked Questions
What is the average annual wage in Colombia?
The average annual wage in Colombia was 30133.361 USD PPP in 2024, expressed in constant 2025 prices. This represents the latest available observation in the wage dataset. It provides the current baseline for compensation analysis.
How has the average wage changed in Colombia?
Wages grew 1.88 percent over the past year but fell 3.85 percent over five years. The ten-year change shows a modest 2.35 percent increase since 2014. Long-term growth since 1995 amounts to 81.37 percent despite intermediate fluctuations.
What are consumer price levels like in Colombia?
Consumer price levels for Colombia are only reported for 2024, with an overall index of 32.6 against the United States benchmark. Data for 2022 and 2023 are entirely unavailable. All 2024 categories show prices significantly below United States levels.
Is the average wage in Colombia close to its historical peak?
No. Colombia's 2024 wage was 15.5 percent below its 2020 peak of 35,658.775 USD PPP. The comparison uses the same constant-2025-price wage series.
Wage data
OECD Average Annual Wages
Price data
OECD Comparative Price Levels
Reported coverage
Wages through 2024 · Prices through 2024