The unemployment rate in Colombia fell to 15.6 percent in May of 2021 from 21.4 percent in the corresponding month of the previous year, as the number of unemployed dropped by 0.9 million to 3.79 million, while employment went up by 3.2 million to 20.47 million. Meantime, the employment rate stood at 50.8 percent, while the activity rate rose to 60.2 percent from 59.9 percent. source: Dane, Colombia
Unemployment Rate in Colombia averaged 11.69 percent from 2001 until 2021, 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 July of 2021.
Unemployment Rate in Colombia is expected to be 15.20 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 12.50 in 12 months time. In the long-term, the Colombia Unemployment Rate is projected to trend around 12.10 percent in 2022 and 11.50 percent in 2023, according to our econometric models.