Labor Force Participation Rate in Colombia decreased to 51.80 percent in April from 59.20 percent in March of 2020.

Labor Force Participation Rate in Colombia averaged 62.42 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 June of 2020. source: Dane, Colombia

Labor Force Participation Rate in Colombia is expected to be 62.50 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 63.70 in 12 months time. In the long-term, the Colombia Labor Force Participation Rate is projected to trend around 64.50 percent in 2021 and 65.50 percent in 2022, according to our econometric models.

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Colombia Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
51.80 59.20 66.90 51.80 2001 - 2020 percent Monthly
NSA

Colombia Labour Last Previous Highest Lowest Unit
Unemployment Rate 19.80 12.60 19.80 7.30 percent [+]
Unemployed Persons 4082.51 2969.00 4082.51 1791.64 Thousand [+]
Population 50.37 49.83 50.37 16.01 Million [+]
Wages High Skilled 2598000.00 2503700.00 2598000.00 2470000.00 COP/Month [+]
Wages Low Skilled 899500.00 833200.00 899500.00 825400.00 COP/Month [+]
Labor Force Participation Rate 51.80 59.20 66.90 51.80 percent [+]
Living Wage Family 1095100.00 1065500.00 1095100.00 1042100.00 COP/Month [+]
Living Wage Individual 782100.00 746500.00 782100.00 730000.00 COP/Month [+]
Employed Persons 16524.63 20531.00 23098.02 15188.95 Thousand [+]
Employment Rate 41.57 51.70 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.