The unemployment rate in Colombia increased to 10.5 percent in May 2019 from 9.7 in the same month of the previous year. The number of unemployed went up by 191 thousand to 2.61 million while the number of employed fell by 287 thousand to 22.16 million. Meantime, the employment rate dropped to 56.4 percent from 57.9 percent while the activity rate declined to 63.1 percent from 64.1 percent in May 2018. Unemployment Rate in Colombia averaged 11.41 percent from 2001 until 2019, reaching an all time high of 17.87 percent in January of 2002 and a record low of 7.30 percent in November of 2015.

Unemployment Rate in Colombia is expected to be 9.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Colombia to stand at 9.60 in 12 months time. In the long-term, the Colombia Unemployment Rate is projected to trend around 10.00 percent in 2020, according to our econometric models.

Colombia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 03:30 PM Unemployment Rate Feb 11.8% 12.8% 11.1%
2019-04-30 03:25 PM Unemployment Rate Mar 10.8% 11.8% 9.8%
2019-05-31 03:15 PM Unemployment Rate Apr 10.3% 10.8% 10.1%
2019-06-28 03:00 PM Unemployment Rate May 10.5% 10.3% 9.6%
2019-07-31 03:00 PM Unemployment Rate Jun 10.5% 10.3%
2019-08-30 03:20 PM Unemployment Rate Jul 10.1%
2019-09-30 03:10 PM Unemployment Rate Aug 9.8%


Colombia Labour Last Previous Highest Lowest Unit
Unemployment Rate 10.50 10.30 17.87 7.30 percent [+]
Unemployed Persons 2610.69 2523.61 3408.44 1791.64 Thousand [+]
Population 49.83 49.29 49.83 16.01 Million [+]
Labor Force Participation Rate 63.10 62.20 66.90 56.90 percent [+]
Living Wage Family 1095100.00 1065500.00 1095100.00 1042100.00 COP/Month [+]
Living Wage Individual 782100.00 746500.00 782100.00 730000.00 COP/Month [+]
Wages High Skilled 2598000.00 2503700.00 2598000.00 2470000.00 COP/Month [+]
Wages Low Skilled 899500.00 833200.00 899500.00 825400.00 COP/Month [+]
Employed Persons 22164.21 21896.03 23098.02 15188.95 Thousand [+]
Employment Rate 56.41 55.78 61.41 48.97 percent [+]


Colombia Unemployment Rate

In Colombia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Colombia Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Colombia Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.50 10.30 17.87 7.30 2001 - 2019 percent Monthly




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


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