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

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)