How much does a Colombian household spend in clothing every year?
Today, we focus on something interesting (as always). The willingness to spend money in clothing, how much? well.. acording with some Dane data, by 2002 an average household spent 700 thousand COP per year in clothing, by 2019 this amount went up until 3 million COP showing a little fall due to the actual crisi to spend (as a forecast) of 2 million and 9 hundred thousand COP. Nevertheless this behaviour will be better by 2024 which according with th trend it could be of 3,8 million COP.
This is interesting if you take into account the fact that the minimum wage in Colombia is right now 880 thousand COP or something...this mean that roughly a Colombian household spend 4 minimum wages in clothing every year.
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