The unemployment rate in Colombia increased to 13.4 percent in December of 2020 from 9.5 percent in the corresponding month of the previous year. The number of unemployed rose by 907 million to 3.305 million while employment dropped by 1.352 million to 21.409 million. Meantime, the employment rate fell to 53.4 percent from 57.5 percent in December of 2019, while the activity rate declined to 61.7 percent from 63.6 percent. source: Dane, Colombia
Unemployment Rate in Colombia averaged 11.61 percent from 2001 until 2020, reaching an all time high of 21.40 percent in May of 2020 and a record low of 7.30 percent in November of 2015. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Unemployment Rate in Colombia is expected to be 16.40 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 15.50 in 12 months time. In the long-term, the Colombia Unemployment Rate is projected to trend around 14.50 percent in 2022, according to our econometric models.