Empowered Colombian women leaders and caregivers in a conference setting, highlighting economic roles and achievements on International Women's Day.
Empowered Colombian women leaders and caregivers in a conference setting, highlighting economic roles and achievements on International Women's Day.
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Colombia highlights women's economic role on International Women's Day

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On the eve of International Women's Day, Colombia highlights advances in female leadership and the care economy, which accounts for nearly 20% of GDP and is mostly shouldered by women. While laws like 1413 of 2010 have made unpaid work visible, challenges remain such as the wage gap and unequal domestic burden. The country ranks fourth globally in women in high-level positions, at 43.4%.

International Women's Day, marked on March 8, spotlights women's economic contributions in Colombia. According to Dane data, the country has 27.2 million women, half of its 53 million population. The care economy, encompassing unpaid domestic work such as cooking, cleaning, and caring for children or the elderly, equals nearly 20% of GDP and is predominantly carried out by women, who devote double the time men do to these tasks, and up to 10 times more to direct personal care, per the National Planning Department.

Law 1413 of 2010 incorporated this economy into the National Accounts System to highlight its significance, but regulation has been limited, lacking measures like reducing women's retirement weeks or specific subsidies. Over 3 million women are unpaid caregivers, a figure that doubles outside capitals, restricting their access to paid employment, education, and economic autonomy. 35% of unoccupied women do not seek work due to family responsibilities.

In leadership, a 2026 Grant Thornton study ranks Colombia fourth worldwide with 43.4% women in high-level positions, exceeding the global average of 32.9% and with no sample companies having all-male executive teams. Key factors include growing access to higher education, where women outnumber men in enrollments and graduations, and diversity policies in firms. Female participation on boards reached 25.6% in 2025.

"Law 1413 of 2010 was an advance in recognizing the care economy's contribution," said Laura Moisá, co-director of the Central Bank. Marcela Meléndez, director of Fedesarrollo, stressed: "We are half the population. When we do not participate in the labor market, the country loses capacity and talent." In 2025, 7.8 million women were employed, a 33% rise over five years, though many as self-employed (3.7 million) or in paid domestic work (651,000).

Despite normative progress like Law 1496 of 2011 for equal pay, a gap persists where women with university degrees earn $0.82 for every $1 men earn. Experts call for cultural changes to balance roles and strengthen a National Care System.

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On X, discussions highlight Colombia's fourth global ranking in women holding high-level positions at 43.4%, with positive notes on leadership gains nearing 40%. The care economy garners attention, with users noting women's overwhelming share of unpaid labor—up to 80%—contributing nearly 20% to GDP, alongside challenges like wage gaps and time poverty. Sentiments include government praises for supports, calls for national care systems, and critiques of persistent inequalities.

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Realistic illustration of Colombia's 2025 GDP growth at 2.6%, featuring cultural events, consumption, and a growth chart below expectations amid declining investment.
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Colombia's gdp growth in 2025 reached 2.6%

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The National Administrative Department of Statistics (Dane) reported that Colombia's economy grew 2.6% in 2025, below expectations of 2.8%. In the fourth quarter, GDP expanded 2.3%, driven by household consumption, the public sector, and cultural activities like concerts. Investment fell 2.9%, the lowest level in two decades.

According to Superintendencia Financiera data as of February 27, 43.6% of credits disbursed in Colombia went to women, amounting to $2.81 billion. Consumption and housing are the main sectors where women seek bank loans. Banks like Bancolombia note that women demonstrate greater responsibility in debt repayment.

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The Economist magazine ranked Colombia fourth among 36 OECD economies with the best performance in 2025, tying with Spain. This recognition highlights the country's strong economic growth and thriving stock market. President Gustavo Petro celebrated the achievement, crediting it with attracting global investors.

Tens of thousands rallied worldwide on March 8, 2026, for International Women's Day, demanding an end to gender violence, equality, and protesting Middle East conflicts. In Argentina, Ni Una Menos led a major march on March 9 from Congress to Plaza de Mayo amid government cuts to women's programs. Part of ongoing '2026 International Women's Day Protests' coverage; see related article on France.

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Colombia ended 2024 with 96.3% financial inclusion among adults, up 1.7 percentage points from 2023, according to the Superintendencia Financiera. While access has become widespread, challenges remain in product usage and closing territorial and gender gaps. In 2025, three new savings and credit cooperatives were authorized to boost productive credit in excluded regions.

President Gustavo Petro has decreed the minimum wage increase for 2026 under the 'vital minimum wage' concept, inspired by ILO standards, after failed negotiations between the government, businesses, and workers. This approach aims to ensure sufficient income for a dignified life for workers and their families, beyond merely offsetting inflation.

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Colombia's agricultural exports hit a record in 2025, rising 33.5% in value and 20.1% in volume compared to 2024, per DANE data. This surge boosted rural employment to 4.8 million people and accounted for 30.5% of the nation's total external sales.

 

 

 

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