Colombia's minimum wage to increase to $323 per month in 2025

BOGOTA, Colombia: President Gustavo Petro announced a 9.54 percent increase in the country's minimum wage for 2025, setting it at 1.4 million pesos (US$323.90) per month, up from 1.3 million pesos in 2024.

The decision was made by presidential decree after negotiations between the government, business associations, and workers' unions failed to yield an agreement.

This year's hike is smaller than the 12