Compensation of Employees (Local Currency) rose 9.68% to COP 26,367 bil in Colombia in 2016

Compensation of Employees (Local Currency) (COP bil)
Labour | Colombia | May 18, 2019
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Compensation of Employees (Local Currency) reached 26,367 COP bil in 2016 in Colombia. This is 9.68 % more than in the previous year.

Historically, Compensation of Employees (Local Currency) in Colombia reached an all time high of 34,530 COP bil in 2011 and an all time low of 11,770 COP bil in 1998. When compared to Colombia's main peers, Compensation of Employees (Local Currency) in Brazil amounted to 252 BRL bil and 25.4 PEN bil in Peru in 2016.

Colombia has been ranked 4th within the group of 111 countries we follow in terms of Compensation of Employees (Local Currency).

Compensation of employees consists of all payments in cash, as well as in kind (such as food and housing), to employees in return for services rendered, and government contributions to social insurance schemes such as social security and pensions that provide benefits to employees.

Compensation of Employees (Local Currency) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Bolivia BOB bil ... ... ... ... ... ... ... ... ...
Brazil BRL bil 175 182 201 220 242
Chile CLP bil 4,947 5,410 5,894 6,511 7,209
Colombia COP bil 34,530 18,771 18,609 22,116 24,039
Guyana GYD bil ... ... ... ... ... ... ... ... ...
Peru PEN bil 14.3 16.2 19.0 22.1 23.1
Trinidad and Tobago TTD bil 7.18 12.1 14.7 14.4 16.4 ... ...
Venezuela VEF bil ... ... ... ... ... ... ... ... ...