Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Colombia
COLLRACTTTTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.32
Year-over-Year Change
-0.21%
Date Range
1/1/2007 - 5/1/2025
Summary
The Labor Force Participation Rate Total: 15 Years or over for Colombia measures the percentage of the Colombian population aged 15 and older who are employed or actively seeking work. This key economic indicator provides insights into the health and utilization of the national labor force.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Labor Force Participation Rate is a measure of the active portion of an economy's labor force. It reflects the relative size of the working-age population currently employed or seeking employment. This statistic is widely used by economists and policymakers to assess labor market dynamics and inform economic policy decisions.
Methodology
The data is collected through household surveys conducted by the National Administrative Department of Statistics (DANE) in Colombia.
Historical Context
Policymakers and analysts monitor this trend to understand workforce engagement and labor market conditions that can inform economic and employment policies.
Key Facts
- Colombia's labor force participation rate averaged around 64% in 2022.
- The rate has remained relatively stable over the past decade.
- Participation is higher among men than women in Colombia.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate Total: 15 Years or over for Colombia measures the percentage of the working-age population in Colombia that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides important insights into the health and utilization of Colombia's labor market, which is crucial for economic policymaking and analysis.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by Colombia's National Administrative Department of Statistics (DANE).
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the labor force participation rate to assess workforce engagement and labor market conditions, which can inform employment and economic policies.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, so there may be some delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Colombia (COLLRACTTTTSTSAM), retrieved from FRED.