Public sector wage premium in Colombia

Colombia: Public sector wage premium was 0.6407 compared to formal wage employees in 2020. ▲ Rising

Latest (2020)
0.6407 compared to formal wage employees
Change on year
up 27.5%
World rank
2nd
of 54 countries
All-time high
0.6407 compared to formal wage employees
in 2020
All-time low
0.2984 compared to formal wage employees
in 2007
Years of data
13
2006–2020

Public sector wage premium in Colombia, 2006–2020

00.20.40.62006201320202006: 0.316 compared to formal wage employees2007: 0.298 compared to formal wage employees2008: 0.322 compared to formal wage employees2009: 0.338 compared to formal wage employees2010: 0.372 compared to formal wage employees2011: 0.404 compared to formal wage employees2012: 0.427 compared to formal wage employees2013: 0.425 compared to formal wage employees2014: 0.424 compared to formal wage employees2015: 0.454 compared to formal wage employees2016: 0.518 compared to formal wage employees2017: 0.503 compared to formal wage employees2020: 0.641 compared to formal wage employees

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

Analysis

In 2020, public sector wage premium in Colombia stood at 0.6407 compared to formal wage employees. That is the highest value across all 13 years on record.

That represents a change of up 27.5% on the previous year and up 72.0% over ten years.

Over the whole period, public sector wage premium in Colombia peaked at 0.6407 compared to formal wage employees in 2020 and was at its lowest, 0.2984 compared to formal wage employees, in 2007.

That places Colombia 2nd out of 54 countries with data for 2020, putting it in the top 10%.

The long-run direction has been consistently rising across the 13 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.3188 compared to formal wage employees 0.2984 compared to formal wage employees 0.3385 compared to formal wage employees 4
2010s 0.4408 compared to formal wage employees 0.3725 compared to formal wage employees 0.5177 compared to formal wage employees 8
2020s 0.6407 compared to formal wage employees 0.6407 compared to formal wage employees 0.6407 compared to formal wage employees 1

Countries ranked near Colombia

  1. 1 Zambia 0.7077 compared to formal wage employees compare
  2. 3 Ecuador 0.4105 compared to formal wage employees compare
  3. 4 Namibia 0.3535 compared to formal wage employees compare
  4. 5 Turkey 0.3493 compared to formal wage employees compare

See the full ranking of 54 places →

More reference data data for Colombia

All data for Colombia →

Frequently asked questions

What is public sector wage premium in Colombia?
Public sector wage premium in Colombia was 0.6407 compared to formal wage employees in 2020, according to the World Bank.
What is the highest public sector wage premium recorded in Colombia?
The highest recorded value was 0.6407 compared to formal wage employees in 2020.
What is the lowest public sector wage premium recorded in Colombia?
The lowest recorded value was 0.2984 compared to formal wage employees in 2007.
How does Colombia rank for public sector wage premium?
Colombia ranks 2nd out of 54 countries with data for 2020.
Is public sector wage premium rising or falling in Colombia?
Over the last ten years it is up 72.0%. The long-run trend across the full record is rising.
Where does this Colombia data come from?
The figures come from the World Bank, published as part of Public sector wage premium (compared to formal wage employees). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Public sector wage premium (compared to formal wage employees)
Unit
compared to formal wage employees
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
54 places, 658 data points, 2000–2021
Last refreshed