Colombia minimum wage to increase 9.54% to $323 per month in 2025


Reuters | Bogota | Updated: 25-12-2024 03:00 IST | Created: 25-12-2024 03:00 IST
Colombia minimum wage to increase 9.54% to $323 per month in 2025
  • Country:
  • Colombia

Colombia's minimum wage will increase by 9.54% in 2025, Colombia's President Gustavo Petro said on Tuesday, announcing the hike by decree after a deal was not reached between the government, business associations and workers unions.

The minimum wage in 2025 will rise to 1.4 million pesos ($323.90) per month, Petro said, up from 1.3 million pesos per month this year.

($1 = 4,395.44 Colombian pesos)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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