The unemployment rate in Colombia jumped to 17.3 percent in January of 2021 from 13.0 percent in the corresponding month of the previous year. The number of unemployed rose by 0.95 million to 4.17 million, while employment dropped by 1.58 million to 19.97 million, of which 0.40 million jobs were lost in manufacturing industries; 0.39 million in arts & entertainment; 0.28 million in hotels & restaurants; 0.17 million in transport & storage; and 0.12 million in the public sector. Meantime, the employment rate fell to 49.8 percent from 54.4 percent in January of 2020, while the activity rate declined to 60.1 percent from 62.5 percent. source: Dane, Colombia
Unemployment Rate in Colombia averaged 11.63 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 March 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.