Public sector wage premium, by occupational group: Professionals in Colombia

Colombia: Public sector wage premium, by occupational group: Professionals was 0.5042 compared to formal wage employees in 2020. ◆ Volatile

Latest (2020)
0.5042 compared to formal wage employees
Change on year
up 66.6%
World rank
2nd
of 52 countries
All-time high
0.5042 compared to formal wage employees
in 2020
All-time low
-0.0285 compared to formal wage employees
in 2010
Years of data
11
2008–2020

Public sector wage premium, by occupational group: Professionals in Colombia, 2008–2020

00.20.40.62008201420202008: 0.011 compared to formal wage employees2009: -0.017 compared to formal wage employees2010: -0.028 compared to formal wage employees2011: 0.01 compared to formal wage employees2012: 0.034 compared to formal wage employees2013: 0.196 compared to formal wage employees2014: 0.139 compared to formal wage employees2015: 0.085 compared to formal wage employees2016: 0.187 compared to formal wage employees2017: 0.303 compared to formal wage employees2020: 0.504 compared to formal wage employees

Source: World Bank. Measured in compared to formal wage employees.

Analysis

Colombia recorded 0.5042 compared to formal wage employees for public sector wage premium, by occupational group: professionals in 2020. That is the highest value across all 11 years on record.

That represents a change of up 66.6% on the previous year and up 1,869.9% over ten years.

Over the whole period, public sector wage premium, by occupational group: professionals in Colombia peaked at 0.5042 compared to formal wage employees in 2020 and was at its lowest, -0.0285 compared to formal wage employees, in 2010.

Colombia ranks 2nd of 52 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s -0.0028 compared to formal wage employees -0.0167 compared to formal wage employees 0.0112 compared to formal wage employees 2
2010s 0.1156 compared to formal wage employees -0.0285 compared to formal wage employees 0.3026 compared to formal wage employees 8
2020s 0.5042 compared to formal wage employees 0.5042 compared to formal wage employees 0.5042 compared to formal wage employees 1

Countries ranked near Colombia

  1. 1 Zambia 0.5329 compared to formal wage employees compare
  2. 3 Guatemala 0.3843 compared to formal wage employees compare
  3. 4 Pakistan 0.3741 compared to formal wage employees compare
  4. 5 El Salvador 0.3438 compared to formal wage employees compare

See the full ranking of 52 places →

More reference data data for Colombia

All data for Colombia →

Frequently asked questions

What is public sector wage premium, by occupational group: professionals in Colombia?
Public sector wage premium, by occupational group: professionals in Colombia was 0.5042 compared to formal wage employees in 2020, according to the World Bank.
What is the highest public sector wage premium, by occupational group: professionals recorded in Colombia?
The highest recorded value was 0.5042 compared to formal wage employees in 2020.
What is the lowest public sector wage premium, by occupational group: professionals recorded in Colombia?
The lowest recorded value was -0.0285 compared to formal wage employees in 2010.
How does Colombia rank for public sector wage premium, by occupational group: professionals?
Colombia ranks 2nd out of 52 countries with data for 2020.
Is public sector wage premium, by occupational group: professionals rising or falling in Colombia?
Over the last ten years it is up 1,869.9%. The long-run trend across the full record is volatile.
Where does this Colombia data come from?
The figures come from the World Bank, published as part of Public sector wage premium, by occupational group: Professionals (compared to formal wage employees). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Public sector wage premium, by occupational group: Professionals (compared to formal wage employees)
Unit
compared to formal wage employees
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
52 places, 604 data points, 2000–2021
Last refreshed