Benefit-cost ratio - All Social Insurance -1st quintile (poorest) in Colombia
Colombia: Benefit-cost ratio - All Social Insurance -1st quintile (poorest) was 0.02 poorest in 2022. ▲ Rising
Benefit-cost ratio - All Social Insurance -1st quintile in Colombia, 2010–2022
Source: ASPIRE. Measured in poorest.
Analysis
Colombia recorded 0.02 poorest for benefit-cost ratio - all social insurance -1st quintile in 2022.
That represents a change of down 43.0% on the previous year and up 20.3% over ten years.
Over the whole period, benefit-cost ratio - all social insurance -1st quintile in Colombia peaked at 0.035 poorest in 2021 and was at its lowest, 0.0121 poorest, in 2011.
Colombia ranks 32nd of 34 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Benefit-cost ratio - All Social Insurance -1st quintile (poorest) in Colombia, year by year
| Year | poorest | Change |
|---|---|---|
| 2010 | 0.0195 poorest | — |
| 2011 | 0.0121 poorest | -38.0% |
| 2012 | 0.0166 poorest | +37.6% |
| 2014 | 0.023 poorest | +38.7% |
| 2015 | 0.0269 poorest | +16.9% |
| 2016 | 0.0283 poorest | +5.0% |
| 2017 | 0.0312 poorest | +10.2% |
| 2018 | 0.0299 poorest | -4.0% |
| 2019 | 0.0281 poorest | -6.1% |
| 2020 | 0.034 poorest | +21.1% |
| 2021 | 0.035 poorest | +2.9% |
| 2022 | 0.02 poorest | -43.0% |
Colombia compared with similar countries
- Colombia's 0.02 poorest is below the median for upper middle income countries, which is 0.148 poorest, 14% of the median. (22 countries reporting)
- Colombia's 0.02 poorest is below the median for Latin America & Caribbean, which is 0.0502 poorest, 40% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.024 poorest | 0.0121 poorest | 0.0312 poorest | 9 |
| 2020s | 0.0297 poorest | 0.02 poorest | 0.035 poorest | 3 |
Countries ranked near Colombia
More work & labour data for Colombia
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.7218 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.6981 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.7453 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.81 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.1417 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 48,629 1000 No (2050)
- Population - Est. & Proj. — Rural population 6,104 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 23,624 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 23,456 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 47,081 1000 No (2100)
Frequently asked questions
- What is benefit-cost ratio - all social insurance -1st quintile in Colombia?
- Benefit-cost ratio - all social insurance -1st quintile in Colombia was 0.02 poorest in 2022, according to ASPIRE.
- What is the highest benefit-cost ratio - all social insurance -1st quintile recorded in Colombia?
- The highest recorded value was 0.035 poorest in 2021.
- What is the lowest benefit-cost ratio - all social insurance -1st quintile recorded in Colombia?
- The lowest recorded value was 0.0121 poorest in 2011.
- How does Colombia rank for benefit-cost ratio - all social insurance -1st quintile?
- Colombia ranks 32nd out of 34 countries with data for 2022.
- Is benefit-cost ratio - all social insurance -1st quintile rising or falling in Colombia?
- Over the last ten years it is up 20.3%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from ASPIRE, published as part of Benefit-cost ratio - All Social Insurance -1st quintile (poorest). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Poverty gap reduction obtained for each $1 spent in Social Insurance programs (%)