Colombia | Forum: Colombia's social challenges

Summary

At the Forum "Colombia's Social challenges" a summarised version of the report "How is the social situation of Colombians?” which analyses variables related to the social situation, characterises the main poverty figures and concludes with the determinants for improving social well-being.

Key points

• Key points:
• The full report: How is the social situation of Colombians? is available in BBVA Research, under the label Colombian publications. The report contains a very detailed description of poverty and income figures, gender gaps, social protection and the labour market, identifying the determinants of well-being, their performance and policy proposals to achieve a better social balance for the country. It also presents two statistical models that measure the importance of the determinants of the social conditions of Colombians.
• In Colombia, about 40% of people live in poverty. Households headed by a woman (43%), a young person (48%), a person who migrated to Colombia (60%) or a person who was a victim of forced displacement (52%) have higher poverty. Poverty is higher in the peripheral and rural areas of the country. Colombia has a significant gender gap in poverty figures.
• The study analyses 13 variables that are related to poverty. The first five characterise the social situation of Colombians. They are: employment, education, housing, public services and health. The degree of access to them defines the well-being of Colombians. The following eight variables are the determinants of the social conditions of Colombians. They are: economic growth, inflation, social security, subsidies, digitality, social capital, social infrastructure and financial inclusion. These variables are the levers that must be moved in the country to improve the well-being of households, strengthen access to the first five variables and reduce poverty among Colombians.

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