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Does Colombia have a weak labor market?

An OECD economic survey of Colombia was published in February 2022. The report states Colombia’s economy has recovered well from the COVID-19 pandemic, but that the labor market remains weak. Colombia has one of the highest levels of poverty, income inequality, and labor market informality in Latin America.

How did the economy of Colombia grow in 2022?

The Colombian economy grew by 7.5 percent in 2022, the highest growth in the hemisphere among OECD countries and the second-highest growth rate within the OECD as a whole. Colombia also had its highest annual inflation rate in 20 years of 13.1 percent. An OECD economic survey of Colombia was published in February 2022.

How much money does the US invest in Colombia?

U.S. direct investment in Colombia was USD 6.8 billion, a decrease of 0.6 percent from 2020. Colombian owned companies in the United States employed approximately 104,000 people. In June 2022, Colombia elected the first leftist president in the history of the country.

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