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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s