Labor market, S1 - Firing costs in Colombia
Colombia: Labor market, S1 - Firing costs was 0.5594 in 2014. ▬ Flat
Labor market, S1 - Firing costs in Colombia, 1973–2014
Source: International Monetary Fund.
Analysis
Colombia recorded 0.5594 for labor market, s1 - firing costs in 2014. That is the highest value across all 42 years on record.
That represents a change of unchanged over ten years.
Over the whole period, labor market, s1 - firing costs in Colombia peaked at 0.5594 in 2003 and was at its lowest, 0.5432, in 1991.
That places Colombia 67th out of 90 countries with data for 2014, putting it in the middle of the range.
Labor market, S1 - Firing costs in Colombia, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 0.5469 | — |
| 1974 | 0.5469 | +0.0% |
| 1975 | 0.5469 | +0.0% |
| 1976 | 0.5469 | +0.0% |
| 1977 | 0.5469 | +0.0% |
| 1978 | 0.5469 | +0.0% |
| 1979 | 0.5469 | +0.0% |
| 1980 | 0.5469 | +0.0% |
| 1981 | 0.5469 | +0.0% |
| 1982 | 0.5469 | +0.0% |
| 1983 | 0.5469 | +0.0% |
| 1984 | 0.5469 | +0.0% |
| 1985 | 0.5469 | +0.0% |
| 1986 | 0.5469 | +0.0% |
| 1987 | 0.5469 | +0.0% |
| 1988 | 0.5469 | +0.0% |
| 1989 | 0.5469 | +0.0% |
| 1990 | 0.5469 | +0.0% |
| 1991 | 0.5432 | -0.7% |
| 1992 | 0.5432 | +0.0% |
| 1993 | 0.5432 | +0.0% |
| 1994 | 0.5432 | +0.0% |
| 1995 | 0.5432 | +0.0% |
| 1996 | 0.5432 | +0.0% |
| 1997 | 0.5432 | +0.0% |
| 1998 | 0.5432 | +0.0% |
| 1999 | 0.5432 | +0.0% |
| 2000 | 0.5432 | +0.0% |
| 2001 | 0.5432 | +0.0% |
| 2002 | 0.5432 | +0.0% |
| 2003 | 0.5594 | +3.0% |
| 2004 | 0.5594 | +0.0% |
| 2005 | 0.5594 | +0.0% |
| 2006 | 0.5594 | +0.0% |
| 2007 | 0.5594 | +0.0% |
| 2008 | 0.5594 | +0.0% |
| 2009 | 0.5594 | +0.0% |
| 2010 | 0.5594 | +0.0% |
| 2011 | 0.5594 | +0.0% |
| 2012 | 0.5594 | +0.0% |
| 2013 | 0.5594 | +0.0% |
| 2014 | 0.5594 | +0.0% |
Colombia compared with similar countries
- Colombia's 0.5594 is below the median for upper middle income countries, which is 0.5801, 96% of the median. (28 countries reporting)
- Colombia's 0.5594 is above the median for Latin America & Caribbean, which is 0.5594, 1.0× the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.5469 | 0.5469 | 0.5469 | 7 |
| 1980s | 0.5469 | 0.5469 | 0.5469 | 10 |
| 1990s | 0.5436 | 0.5432 | 0.5469 | 10 |
| 2000s | 0.5545 | 0.5432 | 0.5594 | 10 |
| 2010s | 0.5594 | 0.5594 | 0.5594 | 5 |
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 labor market, s1 - firing costs in Colombia?
- Labor market, s1 - firing costs in Colombia was 0.5594 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - firing costs recorded in Colombia?
- The highest recorded value was 0.5594 in 2003.
- What is the lowest labor market, s1 - firing costs recorded in Colombia?
- The lowest recorded value was 0.5432 in 1991.
- How does Colombia rank for labor market, s1 - firing costs?
- Colombia ranks 67th out of 90 countries with data for 2014.
- Is labor market, s1 - firing costs rising or falling in Colombia?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Colombia data come from?
- The figures come from International Monetary Fund, published as part of Labor market, S1 - Firing costs. Statizoid updates them automatically from the source API.
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About this data
The SRD contains data on a wide range of structural policies across different countries. These policies are things that affect how markets function, like labor laws, regulations on businesses, and trade policies.