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March 3, 2025
The national unemployment rate in January 2025 was 11.6%, while the seasonally adjusted rate was 9.4%, staying below 10% for the third straight month. The strong performance of the unemployment rate is due to positive labor market dynamics, with employment accelerating its growth since late 2024.
February 28, 2025
In 2024, deforestation in Colombia increased by 35%. Unfortunately, attention to this issue only arises when these figures are published. The problem is complex, not only due to its environmental impact but also because of its socioeconomic effects. A collective response is needed to address this phenomenon.
February 21, 2025
Colombia is advancing in artificial intelligence with the national policy CONPES 4144, which invests $479 million to boost productivity until 2030. It focuses on 6 pillars, promoting regional hubs and strengthening public-private collaboration to ensure equitable benefits, especially for SMEs and rural areas.
February 17, 2025
GDP grew 1.7% in 2024, led by domestic demand (+2.2%). Private consumption (1.6%) was driven by a rebound in durable goods and services, while fixed investment (3.0%) grew due to machinery, equipment, and civil works. In 2025, growth is expected at 2.5%, with better financial conditions but fiscal and global risks.
February 14, 2025
The labor market in 2024 performed well in terms of job creation and showed an acceleration in the last three months. The average unemployment rate was 10.2% in 2024, the same as in 2023. However, in the last quarter, it dropped to 9.7% (seasonally adjusted), in line with the increase in job creation.
February 9, 2025
Monthly inflation in January was 0.94%, exceeding analysts' expectations (0.82% projected in the Central Bank of Colombia’s survey). As a result, the annual variation remained stable for the third consecutive month at approximately 5.22%.
February 7, 2025
Colombia's demographic shift will reshape key sectors. Declining birth rates and a growing elderly population impact education, employment, healthcare, and consumption. Demand for long-term care, automation in labor markets, and adaptations in housing and financial products for retirement are on the rise.
February 5, 2025
The average national unemployment rate for 2024 was 10.2%, unchanged from 2023. In major cities, the unemployment rate declined between 2023 and 2024, whereas it increased in the rest of areas. Throughout 2024, the seasonally adjusted unemployment rate trended downward, closing at 9.7% in December.
January 31, 2025
Standard & Poor’s reaffirmed Colombia’s sovereign rating at BB+ with a negative outlook, highlighting economic recovery despite fiscal deterioration. The key now is sustainable growth, driven by investment. The next challenge will be Moody’s review, which still keeps Colombia at investment grade.
January 24, 2025
Remittances sent by Latin Americans from abroad are becoming more significant, accounting for 2.3% of the GDP of Latin America and the Caribbean. In 2024, these flows reached $160.9 billion, increasing $7.7 billion compared to 2023. Remittances affect the well-being of their recipients and reflect migration dynamics.
