Colombia’s labor force
Colombia’s entire population, including minors and retirees, was supported by 51.5% of working Colombians, while Colombians of working age make up approximately 80.1% of the total population.
Source: World Bank
Colombia’s unemployment rate
Colombia traditionally has one of the highest unemployment rates of Latin America, partly because of the country’s armed conflict. The difference between the country the rest of Latin america diminished after the 2014 commodity crisis that hit many economies around the world, and particularly South America. Colombia survived the crisis with only a fraction of the increase in unemployment that hit the region.
Urban vs rural unemployment in Colombia
Colombia’s mass displacement and consequent urbanization in the 1990s and beginning of this century have caused a major disparity between unemployment in the country’s 13 largest cities and the countryside.
Labor participation rate
The dropping unemployment has spurred a massive growth of Colombia’s labor participation rate, especially compared to the global average, which has seen decreasing labor participation.
One of the major problems with Colombia’s labor and unemployment statistics is that if you work one hour a week you already are considered employed. Many people who work informally or part-time may not be registered as unemployed, but can also not be counted as adequately employed persons.