Labor Force Participation Rate in Colombia increased to 60.40 percent in July from 59.70 percent in June of 2021. source: Dane, Colombia

Labor Force Participation Rate in Colombia averaged 62.26 percent from 2001 until 2021, 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 September of 2021.

Labor Force Participation Rate in Colombia is expected to be 60.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Labor Force Participation Rate is projected to trend around 62.00 percent in 2022 and 63.00 percent in 2023, according to our econometric models.

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Colombia Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
60.40 59.70 66.90 51.80 2001 - 2021 percent Monthly

Colombia Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.30 14.40 21.40 7.30 percent [+]
Unemployed Persons 3484.57 3470.59 4693.93 1791.64 Thousand [+]
Population 50.88 50.37 50.88 16.01 Million [+]
Labor Force Participation Rate 60.40 59.70 66.90 51.80 percent [+]
Minimum Wages 908526.00 877803.00 908526.00 11298.00 COP/Month [+]
Employed Persons 20902.01 20628.15 23098.02 15188.95 Thousand [+]
Employment Rate 51.77 51.14 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.