The unemployment rate in Colombia increased to 14.7 percent in October of 2020 from 9.8 percent in the corresponding month of the previous year. It was one of the highest jobless rates on record, as the coronavirus pandemic hit the labour market. The number of unemployed rose by 1.162 million to 3.652 million while employment dropped by 1.539 million to 22.813 million. Meantime, the employment rate fell to 53.2 percent from 57.8 percent in October 2019 while the activity rate declined to 62.3 percent from 64.1 percent. source: Dane, Colombia

Unemployment Rate in Colombia averaged 11.59 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 November of 2020.

Unemployment Rate in Colombia is expected to be 16.70 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 15.70 in 12 months time. In the long-term, the Colombia Unemployment Rate is projected to trend around 15.50 percent in 2021 and 14.50 percent in 2022, according to our econometric models.

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Colombia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
14.70 15.80 21.40 7.30 2001 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-31 03:30 PM Jul 20.2% 19.8% 20.5%
2020-09-30 03:45 PM Aug 16.8% 20.2% 20.3%
2020-10-30 03:45 PM Sep 15.8% 16.8% 16.9%
2020-11-30 04:00 PM Oct 14.7% 15.8% 15.5%
2020-12-28 03:00 PM Nov
2021-02-01 03:00 PM Dec
2021-03-01 03:00 PM Jan
2021-03-31 03:00 PM Feb


News Stream
Colombia Jobless Rate Jumps to 14.7% in October
The unemployment rate in Colombia increased to 14.7 percent in October of 2020 from 9.8 percent in the corresponding month of the previous year. It was one of the highest jobless rates on record, as the coronavirus pandemic hit the labour market. The number of unemployed rose by 1.162 million to 3.652 million while employment dropped by 1.539 million to 22.813 million. Meantime, the employment rate fell to 53.2 percent from 57.8 percent in October 2019 while the activity rate declined to 62.3 percent from 64.1 percent.
2020-11-30
Colombia Jobless Rate Jumps to 15.8% in September
The unemployment rate in Colombia rose to 15.8 percent in September of 2020 from 10.2 percent in the same month of the previous year. It was one of the highest jobless rates on record, as the coronavirus outbreak hit the labour market. The number of unemployed increased by 1.257 million to 3.788 million while employment declined by 1.998 million to 20.232 million. Meantime, the employment rate went down to 50.6 percent from 56.3 percent in September 2019 and the activity rate dropped to 60.1 percent from 62.8 percent.
2020-10-30
Colombia Jobless Rate Jumps to 16.8% in August
The unemployment rate in Colombia increased to 16.8 percent in August 2020 from 10.8 percent in the corresponding month of the previous year. It was one of the highest jobless rates on record, amid the coronavirus crisis. The number of unemployed rose by 1.288 million to 3.965 million while employment dropped by 2.419 million to 19.697 million. Meantime, the employment rate declined to 49.3 percent from 56.1 percent in August 2019 and the activity rate went down to 59.3 percent from 62.9 percent.
2020-09-30
Colombia July Jobless Rate Jumps to Second Highest on Record
The unemployment rate in Colombia soared to 20.2 percent in July 2020 from 10.7 percent in the same month of the previous year. It was the second highest jobless rate on record amid the coronavirus crisis. The number of unemployed went up by 1.902 million to 4.559 million while employment decreased by 4.156 million to 17.984 million. Meantime, the employment rate rose to 56.2 percent from 45.1 percent in July 2019 and the activity rate jumped to 63 percent from 56.5 percent.
2020-08-31

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.