María Claudia Llanes
•MSc. in Economics from the University of London, London
•Previous work experience: Research on pension systems at the National Planning Department of Colombia
•Research on Chilean pension system as a consultant in Chile
•Joined ERD BBVA Colombia on October 2009
DANE changed methodology and sample base to calculate labor market figures. The new figures show employment growing until February 2022, from the end of 2021. In March, employment decreased. The March unemployment rate was 12.1% nationwide, 2.6 p.p. lower than in the same month a year ago.
The Colombian economy will continue to show resilience in a context of greater global uncertainty, more contractionary monetary policies and strong upward pressures on inflation. We expect the economy to grow 4.5% in 2022 and 2.5% in 2023, driven by domestic demand and exports.
In December, the national unemployment rate was 11.0% and the urban unemployment rate was 11.6%, lower by 2.4 and 4.0 percentage points, respectively, than in December 2020, but higher than in December 2019.