Economic
Colombia sets new minimum wage for 2026
The Colombian government announced a 23% increase in the national minimum wage for 2026, raising it to COP 1.8 million per month amid persistent inflation and labor demands.
On March 26, 2026, the Colombian government formally set the new statutory minimum wage for 2026 at COP 1.8 million per month, reflecting a 23% increase from the previous year. The hike exceeds the central bank’s suggested 7% guideline and is expected to feed additional cost pressures on businesses and inflation, which has remained above the 3% target. The decision was announced by the Ministry of Labor in Bogotá and aligns with earlier signals from the administration that higher labor costs would be used to support household incomes amid slower economic growth forecasts. Analysts warn the rise could prompt further interest‑rate tightening, while business groups argue it may dampen formal employment and investment in an already fragile macroeconomic environment.
- Status
- active
- Location
- Bogotá, Colombia
- Date added
- 2026-03-26 08:56 UTC
- Last updated
- 2026-03-26 08:56 UTC
- Source
- JPA Colombia Intelligence
- Connected threats
- Not provided