Infra-Annual Labor Statistics: Labor Force Participation Rate Male: 15 Years or over for Colombia
COLLRACTTMASTM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.02
Year-over-Year Change
0.06%
Date Range
1/1/2007 - 5/1/2025
Summary
The Labor Force Participation Rate Male: 15 Years or over for Colombia measures the percentage of the male population aged 15 and above who are actively employed or seeking employment. This key economic indicator provides insights into the strength and structure of the Colombian labor market.
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 widely-used metric that tracks the active segment of a country's working-age population. It serves as an important input for economists and policymakers to assess economic conditions, inform workforce development strategies, and analyze labor market trends.
Methodology
The data is collected through household surveys conducted by the National Administrative Department of Statistics (DANE) in Colombia.
Historical Context
This indicator is used by central banks, government agencies, and analysts to monitor the health of the Colombian economy and inform economic and labor market policies.
Key Facts
- The labor force participation rate for Colombian men was 74.3% in 2021.
- Colombia's male labor force participation rate has declined from a high of 80.7% in 2008.
- The COVID-19 pandemic caused a significant drop in the male labor force participation rate in Colombia.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Labor Force Participation Rate Male: 15 Years or over for Colombia measures the percentage of the male population aged 15 and above who are either employed or actively seeking employment in the Colombian labor market.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the strength and structure of the Colombian labor market, which is crucial for economists, policymakers, and businesses to assess economic conditions and inform workforce development strategies.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the National Administrative Department of Statistics (DANE) in Colombia.
Q: How is this trend used in economic policy?
A: The male labor force participation rate in Colombia is used by the central bank, government agencies, and analysts to monitor the health of the Colombian economy and inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, which may result in some delays compared to more frequently updated economic indicators.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Male: 15 Years or over for Colombia (COLLRACTTMASTM), retrieved from FRED.