Colombia

South America · Colombian peso (COP) · 53.4 million people

Inflation

6.2%

▲ 0.2 pt since July · Aug 2026

Interest rate

12.00%

No change since Jul 2026

GDP per person

US$8,562

2025

Inflation and the interest rate

Inflation was 6.2% in Aug 2026, up from 6.0% in July. The interest rate has been 12.00% since Jul 2026.

Monthly, consumer prices year on year.

Exchange rates

Closing rates on 6 Oct 2026. Changes are over 30 days.

Moves are neutral, so they're shown in ink with ▲/▼. All exchange rates

Cost of living

Minimum wage

Monthly, full time · 2024

$1,300,000 a month

about US$404

Average annual wage

2024 · US dollars at purchasing power parity

US$30,100

Wages and income are OECD figures. Minimum wage from ILOSTAT.

Economy at a glance

GDP per person at PPP

2025 · international dollars

US$22,600

Population

2025

53.4 million

▲ 1.0% vs 2024

Sources and method

Figures from the OECD, the Bank for International Settlements, the World Bank and ILOSTAT. Exchange rates are daily rates from the European Central Bank and other central banks, via Frankfurter. For guidance only. Read the disclaimer

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