COLOMBIA

Colombia

THE OFFICIAL SALARY IN COLOMBIA IN 2020:

Average salary – 1,393,150 Colombian pesos per month ($350)

Minimum wage – 980,657 Colombian pesos per month ($250)

Source: Government of Colombia and international recruitment agencies

Colombia is located in the northwest of South America, with territories in Central America. It shares borders with Brazil and Venezuela in the east, with Ecuador and Peru in the south and with Panama in the west. It is bounded by the Caribbean Sea in the north and the Pacific Ocean in the west.

INFORMATION ABOUT COLOMBIA (2020) 
Population 50.9 million
Average life expectancy  75 years
Unemployment rate 12.2%
Inflation  3.9%
Square 1 142 000 km²
Form of government Presidential constitutional republic
Income tax 0–33%
Capital Bogotá
Currency Peso
Official Language Spanish, English
Doing Business rank 67
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