Labor Force Participation Rate in Colombia increased to 60.10 percent in September from 59.30 percent in August of 2020. source: Dane, Colombia

Labor Force Participation Rate in Colombia averaged 62.32 percent from 2001 until 2020, reaching an all time high of 66.90 percent in October of 2011 and a record low of 51.80 percent in April of 2020. This page provides - Colombia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Labor Force Participation Rate - values, historical data and charts - was last updated on February of 2021.

Labor Force Participation Rate in Colombia is expected to be 59.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Colombia to stand at 60.60 in 12 months time. In the long-term, the Colombia Labor Force Participation Rate is projected to trend around 61.00 percent in 2021 and 63.00 percent in 2022, according to our econometric models.

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Colombia Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
61.70 62.30 66.90 51.80 2001 - 2020 percent Monthly

Colombia Labour Last Previous Highest Lowest Unit
Unemployment Rate 13.40 13.30 21.40 7.30 percent [+]
Unemployed Persons 3305.00 3272.58 4693.93 1791.64 Thousand [+]
Population 50.37 49.83 50.37 16.01 Million [+]
Labor Force Participation Rate 61.70 62.30 66.90 51.80 percent [+]
Minimum Wages 908526.00 877803.00 908526.00 11298.00 COP/Month [+]
Employed Persons 21409.00 21312.58 23098.02 15188.95 Thousand [+]
Employment Rate 53.40 53.23 61.41 41.57 percent [+]

Colombia Labor Force Participation Rate
The labour force participation rate is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.