• TRM (USD/COP)COP 3,301.91 +0.15% +COP 4.84Colombia's official exchange rate (Financial Superintendence), valid Nov 13 to Nov 13
  • EuroCOP 3,649.29 -0.53% -COP 19.38Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
  • Mexican pesoCOP 177.59 +0.50% +COP 0.89Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
Quilla NewsFinance & Technology
ENES

Colombia's 2027 minimum wage projections would put it near $1.9 million

FinanceColombiaEl TiempoAI summary
Image: El Tiempo

Economists and financial institutions project a 2027 minimum wage increase in Colombia of between 8% and 9%, after annual inflation of 6.30% in October. On the current base of $1,750,905, an 8% rise would take it to $1,890,977; 8.5% to $1,899,732, and 9% to $1,908,486. Labor unions maintain a double-digit proposal. The negotiation also depends on Dane's productivity data and November inflation.

In 30 seconds

  • Aval Asset Management and Universidad de los Andes propose an 8% increase, which would take the base wage to $1,890,977.
  • Davivienda and professor Wilson Rodríguez project 8.5%, equivalent to $1,899,732.
  • Bancolombia estimates a range of 8.4% to 9%; at 9% the wage would reach $1,908,486.
Read the full story at El Tiempo

IASummary generated by artificial intelligence from a story by El Tiempo. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading