Benefit-cost ratio - All Social Protection and Labor - 1st quintile in Colombia
Colombia: Benefit-cost ratio - All Social Protection and Labor - 1st quintile was 0.0326 in 2022. ▼ Falling
Benefit-cost ratio - All Social Protection and Labor - 1st quintile in Colombia, 2010–2022
Source: ASPIRE.
Analysis
Colombia recorded 0.0326 for benefit-cost ratio - all social protection and labor - 1st quintile in 2022. That is the lowest value across all 12 years on record.
Compared with earlier readings it is down 30.8% on the previous year and down 22.6% over ten years.
Over the whole period, benefit-cost ratio - all social protection and labor - 1st quintile in Colombia peaked at 0.0638 in 2015 and was at its lowest, 0.0326, in 2022.
That places Colombia 36th out of 36 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Benefit-cost ratio - All Social Protection and Labor - 1st quintile in Colombia, year by year
| Year | Value | Change |
|---|---|---|
| 2010 | 0.0533 | — |
| 2011 | 0.0398 | -25.3% |
| 2012 | 0.0421 | +5.8% |
| 2014 | 0.0503 | +19.4% |
| 2015 | 0.0638 | +26.9% |
| 2016 | 0.062 | -2.9% |
| 2017 | 0.0465 | -25.0% |
| 2018 | 0.0437 | -5.9% |
| 2019 | 0.0407 | -6.8% |
| 2020 | 0.0507 | +24.5% |
| 2021 | 0.0471 | -7.1% |
| 2022 | 0.0326 | -30.8% |
Colombia compared with similar countries
- Colombia's 0.0326 is below the median for upper middle income countries, which is 0.205, 16% of the median. (24 countries reporting)
- Colombia's 0.0326 is below the median for Latin America & Caribbean, which is 0.1391, 23% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.0491 | 0.0398 | 0.0638 | 9 |
| 2020s | 0.0435 | 0.0326 | 0.0507 | 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 protection and labor - 1st quintile in Colombia?
- Benefit-cost ratio - all social protection and labor - 1st quintile in Colombia was 0.0326 in 2022, according to ASPIRE.
- What is the highest benefit-cost ratio - all social protection and labor - 1st quintile recorded in Colombia?
- The highest recorded value was 0.0638 in 2015.
- What is the lowest benefit-cost ratio - all social protection and labor - 1st quintile recorded in Colombia?
- The lowest recorded value was 0.0326 in 2022.
- How does Colombia rank for benefit-cost ratio - all social protection and labor - 1st quintile?
- Colombia ranks 36th out of 36 countries with data for 2022.
- Is benefit-cost ratio - all social protection and labor - 1st quintile rising or falling in Colombia?
- Over the last ten years it is down 22.6%. The long-run trend across the full record is falling.
- Where does this Colombia data come from?
- The figures come from ASPIRE, published as part of Benefit-cost ratio - All Social Protection and Labor - 1st quintile (poorest) -urban. Statizoid updates them automatically from the source API.
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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 SPL programs (%)