Colombia | Informality and low years of education weigh heavily on poverty in Colombia

Summary

Poverty was reduced in Colombia last year. In 2023, 338 thousand people were lifted out of multidimensional poverty, bringing poverty from 12.9% of the population in 2022 to 12.1% in 2023. And it was reduced mainly in the countryside. Informality and low years of education weigh heavily on poverty in Colombia.

Key points

• Key points:
• In Colombia, 71.4% of households are deprived in the informality indicator. Progress in recent formalization is noticeable and in fact, the percentage of households with deprivation in this indicator was reduced by 1.3 percentage points compared to 2022.
• The second most representative deprivation is related to educational attainment, with 39.4% of households with this deprivation.

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