Colombia Unemployment Rate - Forecast

Unemployment Rate in Colombia is expected to be 10.80 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 10.60 in 12 months time. In the long-term, the Colombia Unemployment Rate is projected to trend around 9.40 percent in 2020, according to our econometric models.


Colombia Unemployment Rate
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Colombia Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 9.5 10.8 10.7 10.8 10.6 9.4
Unemployed Persons 2369 2900 3200 3200 3200 3350
Population 49.29 50.3 49.14 50 49.41 51.5
Labor Force Participation Rate 63.3 64.64 64.51 64.5 64.48 65
Living Wage Family 1098000 1098000 1098000 1098000 1135353 1098000
Living Wage Individual 776200 776200 776200 776200 776200 776200
Wages High Skilled 2499200 2502030 2502030 2502030 2502030 2508498
Wages Low Skilled 830100 840000 840000 840000 840000 850000
Employed Persons 22671 22411 22243 22327 22282 22298
Employment Rate 58.5 57.97 57.44 57.75 57.57 57.63