Colombia CO: Expenditure: Compensation of Employees

1998 - 2024 | Yearly | COP mn | World Bank

Colombia CO: Expenditure: Compensation of Employees data was reported at 59,350,680.880 COP mn in 2024. This records an increase from the previous number of 51,918,295.760 COP mn for 2023. Colombia CO: Expenditure: Compensation of Employees data is updated yearly, averaging 22,115,780.230 COP mn from Dec 1998 (Median) to 2024, with 21 observations. The data reached an all-time high of 59,350,680.880 COP mn in 2024 and a record low of 11,769,749.960 COP mn in 1998. Colombia CO: Expenditure: Compensation of Employees data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Government Revenue, Expenditure and Finance. Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.;Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF);;

View Colombia's Colombia CO: Expenditure: Compensation of Employees from 1998 to 2024 in the chart:

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Colombia Colombia CO: Expenditure: Compensation of Employees
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Colombia Colombia CO: Expenditure: Compensation of Employees

What was Colombia's Colombia CO: Expenditure: Compensation of Employees in 2024?

Last Previous Min Max Unit Frequency Range
59,350,680.880 2024 51,918,295.760 2023 11,769,749.960 1998 59,350,680.880 2024 COP mn yearly 1998 - 2024

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Colombia Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 23,024.659 2027 yearly 1980 - 2027
Forecast: Nominal GDP Per Capita (USD) 7,790.612 2028 yearly 1980 - 2028
Forecast: Real GDP Growth (%) 3.345 2028 yearly 1980 - 2028
GDP Deflator Growth (%) 6.0 Sep 2025 quarterly Mar 2001 - Sep 2025
GDP per Capita (USD) 7,336.549 2024 yearly 1960 - 2024
Gross Fixed Capital Formation (USD mn) 19,637.698 Sep 2025 quarterly Mar 2000 - Sep 2025
Gross National Product (GNP) (USD mn) 378,656.279 2024 yearly 1960 - 2024
Gross Savings Rate (%) 12.9 Sep 2025 quarterly Mar 2005 - Sep 2025
Investment: % of GDP (%) 19.5 Sep 2025 quarterly Mar 2005 - Sep 2025
Nominal GDP (USD mn) 117,535.8 Sep 2025 quarterly Mar 2000 - Sep 2025
Nominal GDP Growth (%) 9.553 Sep 2025 quarterly Mar 2001 - Sep 2025
Private Consumption Expenditure (USD mn) 86,151.339 Sep 2025 quarterly Mar 2000 - Sep 2025
Private Consumption: % of GDP (%) 72.4 Sep 2025 quarterly Mar 2005 - Sep 2025
Public Consumption Expenditure (USD mn) 18,300.221 Sep 2025 quarterly Mar 2000 - Sep 2025
Public Consumption: % of GDP (%) 14.7 Sep 2025 quarterly Mar 2005 - Sep 2025
Real GDP Growth (%) 3.4 Sep 2025 quarterly Mar 2001 - Sep 2025
Total Trade of Goods & Services: % of Nominal GDP (%) 36.219 Sep 2025 quarterly Mar 2005 - Sep 2025
Production Last Frequency Range
Gold Production (kg) 60,000.000 2024 yearly 1990 - 2024
Industrial Production Index Growth (%) 1.1 Oct 2025 monthly Jan 1981 - Oct 2025
Minerals Production (Metric Ton) 118,152,087.000 2023 yearly 2009 - 2023
Motor Vehicle Production (Unit) 23,778.000 2024 yearly 1999 - 2024
Silver Production (Metric Ton) 45.000 2023 yearly 1990 - 2023
Construction and Properties Last Frequency Range
Building Permits (Unit) 13,979.000 Oct 2025 monthly Jan 2009 - Oct 2025
House Prices Growth (%) 9.5 Sep 2025 quarterly Mar 1998 - Sep 2025
Nominal Residential Property Price Index (2010=100) 282.171 Jun 2025 quarterly Mar 1988 - Jun 2025
Nominal Residential Property Price Index Growth (%) 8.152 Jun 2025 quarterly Mar 1989 - Jun 2025
Real Residential Property Price Index (2010=100) 136.844 Jun 2025 quarterly Mar 1988 - Jun 2025
Real Residential Property Price Index Growth (%) 2.992 Jun 2025 quarterly Mar 1989 - Jun 2025
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.1 Mar 2025 quarterly Dec 2000 - Mar 2025
Forecast: Government Expenditure (COP bn) 769,946.270 2030 yearly 1982 - 2030
Forecast: Government Net Debt (COP bn) 1,480,955.112 2030 yearly 1996 - 2030
Forecast: Government Revenue (COP bn) 717,131.847 2030 yearly 1980 - 2030
Government Debt: % of GDP (%) 64.0 Jun 2025 quarterly Dec 2005 - Jun 2025
National Government Debt (USD mn) 280,165.7 Jun 2025 quarterly Dec 2001 - Jun 2025
Tax Revenue (USD mn) 4,809.654 Oct 2025 monthly Jan 1999 - Oct 2025
Consolidated Fiscal Balance (USD mn) -3,536.709 Mar 2025 quarterly Mar 1995 - Mar 2025
Tax Revenue: % of GDP (%) 16.8 Sep 2025 quarterly Mar 2000 - Sep 2025
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 24,096,488.272 Oct 2025 monthly Jan 2001 - Oct 2025
Forecast: Population (Person mn) 54.779 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 9.400 2030 yearly 1980 - 2030
Labour Force Participation Rate (%) 65.0 Oct 2025 monthly Jan 2001 - Oct 2025
Labour Productivity Growth (%) 0.86 Sep 2025 quarterly Mar 2002 - Sep 2025
Population (Person mn) 52.7 2024 yearly 1950 - 2024
Unemployment Rate (%) 8.20 Oct 2025 monthly Jan 2001 - Oct 2025
Monthly Earnings (USD) 259 2021 yearly 2019 - 2021

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