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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 28, 2025
Notwithstanding BBVA Research's assessment that widespread deportations are improbable and that significant deviations in migration trends —beyond those tied to economic cycles and labor demand— are unlikely, a chilling effect could nonetheless materialize.
December 23, 2024
The COVID-19 pandemic triggered an unprecedented disruption in economic activity in Spain. Although the recovery has returned to previous patterns in many respects, a detailed analysis of Spain's GDP and components reveals a more complex picture.
December 5, 2024
GDP will grow 2.5% in 2025 and 3.2% in 2026, driven by private consumption in durable goods, semi-durables, and services starting in 2026, and by fixed investment in infrastructure, machinery, and housing. Inflation will be 3.1% in 2026, with lower interest rates strengthening financial conditions.
November 30, 2024
The national unemployment rate for October stood at 9.1%, similar to the 9.2% recorded a year ago, and seasonally adjusted figures show it was similar to September of this year. In October, national employment levels remained stable compared to September (seasonally adjusted).
October 31, 2024
The national unemployment rate in September was 9.1%, similar to the 9.3% reported a year ago. Seasonally adjusted, the unemployment rate was below its average level in the first half of the year, which stood at 10.5%. By September, the labor market displayed reduced dynamism, with a slowdown in job creation.
October 1, 2024
Domestic demand will lead Colombia’s economic recovery, driven by improved financial conditions that will strengthen consumption and investment. This will provide a significant boost to sectors such as manufacturing and retail. In the long run, increasing investment will be essential to raise the country’s growth potential.
September 30, 2024
The national unemployment rate was 9.7% in August, up from 9.3% in August 2023. Seasonally adjusted, the August unemployment rate was 10.0%, unchanged from July this year, and below its average level for the first half of the year, which was 10.6%.
August 31, 2024
The national unemployment rate stood at 9.9% in July, up from 9.6% in July 2023. Seasonally adjusted, July's rate was down from June and below the average level of the first half of the year, showing an improvement in the labour market.
July 12, 2024
The labor informality rate in Colombia is higher for men (58%) than for women (53%), unlike other countries in the region. However, in specific subgroups like educational level and rural areas, women are more informal. Policies should focus on formality as a means to combat poverty.
June 24, 2024
Despite higher recent GDP growth, the productivity of the Spanish economy has been falling behind that of the EU, making convergence in per capita income difficult. The projections of the Ageing Report 2024 do not foresee any improvement in the outlook.
