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Category

//Economy
Photo 1. Germán Ávila, Colombia’s finance minister, speaks at a press conference announcing his decision. Photo courtesy of the Finance Ministry.
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Colombia’s Finance Minister Leaves Central Bank Meeting Over Rate Increase, Fueling Tensions

Finance Minister Germán Ávila walked out of a central bank board meeting, accusing it of going against Colombia’s national interests and deepening institutional tensions.
Posted On April 3, 2026
, By Jadin Samit Vergara
Photo 1. Implementation of the Great Integrated Household Survey (GEIH) in Quibdó, Chocó. Photo courtesy of DANE.
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Colombia Unemployment Drops to 9.2% in February, Lowest Since 2001

Colombia’s unemployment rate dropped to 9.2% in February from 10.3% a year earlier, marking the lowest level for the month since 2001.
Posted On April 3, 2026
, By Jadin Samit Vergara
Chart based on data from Grupo Cibest & the Banco de la República.
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Colombia’s Central Bank to Lift Interest Rates Amid Inflationary Pressure

The Colombian central bank adjusts its stance as global energy instability and persistent internal pressures drive inflation concerns.
Posted On March 30, 2026
, By Loren Moss
first data bancolombia colombia (Photo credit: Jared Wade)
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Bancolombia: Colombia Inflation Rises to 5.3% Under Indexation Pressures

Service-oriented and labor-intensive businesses may face higher operating costs due to the 23% minimum wage hike and its immediate impact on indexed service categories
Posted On February 14, 2026
, By Loren Moss
Photo credit: Loren Moss
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Colombian Council of State Suspends 23% Minimum Wage Increase for 2026

Colombian President Gustavo Petro's decreed 23% raise in the country's minimum wage may now be rescinded for failing to follow laws mandating limits for such measures.
Posted On February 14, 2026
, By Loren Moss
Medellín's Ruta-N business incubater viewed from over the University of Antioquia (photo courtesy ACI Medellín)
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Academic Study Reveals That A High Dependence By Colombian Cities On The Central Government Limits Fiscal Autonomy

The Javierana University study highlighted that Colombian municipalities depend upon the national government for roughly 50% of revenues.
Posted On December 3, 2025
, By Loren Moss
Farmer's Market in Marinilla, Colombia (photo © Loren Moss)
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Colombia’s Annual Inflation Rises to 5.18% in September, Surpassing Analyst Expectations

Perishable food prices dropped 0.09%, fresh fruit climbed 2.38%, with grapes up 12.25%, plantains 3.72%, carrots 9.93%, oranges 6.12%.
Posted On October 21, 2025
, By Loren Moss
Gustavo Petro.
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Petro Administration Submits Tax Reform Bill to Colombian Congress. Here is How it Would Affect Foreign Businesses & Individuals

Online gambling will be permanently subject to VAT, requiring non-resident operators to register, collect, and file VAT from 2026 onward.
Posted On October 14, 2025
, By Editorial Staff
Colombian Peso.
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Colombian Peso Gains 2.5% Against The Dollar in September on Government Monetization

The Colombian peso appreciated despite falling oil prices and the global stability of the US dollar.
Posted On October 14, 2025
, By Editorial Staff
Banco de la Republica, the central bank of Colombia, in Bogotá.
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Colombian Central Bank Holds Key Interest Rate at 9.25% for Fourth Consecutive Time

Inflation fears kept Colombia's central bankers from reducing the key interest rate, amidst upward wage pressures.
Posted On October 13, 2025
, By Editorial Staff
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