Unemployment in Colombia

Colombia Unemployment | Economic News & Forecasts

Colombia - Unemployment

Growth climbed markedly last year on stronger domestic demand, although the slight upturn at year-end was weaker than expected. Entering 2019, consumer confidence regained some lost ground in January after tumbling in Q4 on uncertainty around the tax reform bill, and while the PMI slid into negative territory in January and February, the downturn is expected to be short-lived. On the political front, President Iván Duque has clawed back some popularity over his tough stand on Venezuela, after his approval ratings had plunged over the financing law. With regional elections slated for October, the four-year USD 355 billion National Development Plan sits at the top of the administration’s agenda. However, it remains to be seen whether President Duque can muscle through reforms needed to meet the ambitious fiscal targets. Of particular contention are proposals to cut gas and energy subsidies, which critics have argued that, while aimed at fiscal consolidation, would end up hurting the poorest.

Colombia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate9.6  9.1  8.9  9.2  9.4  

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Colombia Unemployment Chart


Colombia Unemployment
Note: Unemployment in % of active population.
Source: Statistical Institute (DANE).

Colombia Facts

ValueChangeDate
Bond Yield6.580.0 %Mar 11
Exchange Rate3,179-0.17 %Mar 11
Stock Market12,495-0.66 %Mar 11

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