Colombia - Wage & Salaries

Colombia: Wage & Salaries

Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 98.35 %
Data 2020 Q4 0.05
2020 Q3 3.03

Series Information

Source Bank of the Republic of Colombia
Release Balance of Payments
Frequency Quarterly
Start Date 3/31/2000
End Date 12/31/2020

Colombia: Labor

Reference Last Previous Units Frequency
Total Employment Feb 2021 20,817 19,967 Ths. #, NSA Monthly
Unemployment Rate Feb 2021 15.89 17.27 %, NSA Monthly
Wage & Salaries 2020 Q4 0.05 3.03 Mil. USD, NSA Quarterly
Labor Force 2019 24,608,837 24,545,782 # Annual
Unemployment 2019 Q3 2,621,666 2,497,333 #, NSA Quarterly
Labor Force Employment 2018 22,457,166 22,397,429 # Annual
Agriculture Employment 2017 4,264,675 4,185,890 # Annual

Release Information

According to the International Monetary Fund website, the Balance of Payments data is disseminated for the following:

Exports and imports of goods and services
International trade in goods
Exports and imports of services
Receipts and payments for services
Net income receipts
Net current transfers
Direct investment and portfolio investment (foreign investment in Colombia and Colombian investment abroad)
Commercial credit
Other capital and financial transactions (short-term and long-term)
Changes in international reserves

The conceptual and methodological criteria under which the compilation of statistics on the balance of payments is done according to the Colombia Manual balance of payments and international investment position IMF International Monetary Fund, IMF, and Sixth Edition (BPM6).

The compilation of balance of payments (BOP) in Colombia is made by the Banco de la República (BR) based on a wide range of sources of information which is accessed through regulations issued directly by the Bank or by establishing agreements agency. The structure of information sources is composed of:

  • administrative records
  • reports obtained through the system ITRS (SINTI), which in the case of Colombia, not only covers made through the local financial system but also made through deposit accounts in foreign banks registered with the BR
  • accounting reports both financial companies and non-financial
  • access to specialized international data bases
  • Estimates that follow the parameters BPM6 established methodology, in cases where no direct information is counted.

Building statistics BP takes into account its consistency with other macroeconomic statistics as Rest of World Account System of National Accounts SNA statistics of foreign trade in goods and monetary and financial statistics.

The data is preliminary when released. The data is set as "final" 12 months after the reference date. The Bank of the Republic of Colombia reserves the right to change "finalized" data.