Close to 2.8% of GDP lost in salaries during 2020 in Colombia

The National Association of Financial Institutions (Anif) delivered a new study on the behavior of the labor market in Colombia last year. According to the association’s calculations, the accumulated lost labor income, between March and November, amounts to $ 8.5 billion; that is, about 2.8% of the Gross Domestic Product (GDP). According to the report, and based on the closure of operations due to coronavirus restrictions, the unemployment rate would close 2020 between 15.5% and 16%.

Source: Valora Analitik

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