Unemployment in Colombia

Colombia Unemployment | Economic News & Forecasts

Colombia - Unemployment

Economic activity remained tepid in the second quarter. Industrial production decelerated, on average, in April–May, while the manufacturing PMI swung into contractionary territory in June. At the same time, exports fell more sharply in the quarter. Moreover, retail sales growth, on average, softened in April–May. This, coupled with consumer confidence diving in the quarter, points to private consumption losing traction amid rising inflation, fueled in part by a weaker peso. On the upside, the PMI bounced back in July. In politics, the government is debating whether the planned sale of public assets can be accounted for as tax revenues. This follows allegations that the 2020 budget unveiled on 29 July has covertly included the revenue from the potential privatization, used as an accounting ploy to mask a bigger budget shortfall. Next year’s budget will allocate more money to government operations, while cutting back on investment.

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

Bond Yield5.820.0 %Jul 31
Exchange Rate3,281-0.17 %Jul 31
Stock Market12,727-0.66 %Jul 31

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