Labor Informality

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DANE reported a 10.9% unemployment rate for January 2026, the lowest in recent history for a first month of the year, despite a 23% minimum wage increase. Informality dropped to 55%, and the employed population grew by 324,000 people. Yet, these official figures are sparking political polarization.

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Labor informality and lack of credit history are driving the growth of unregulated lending, known as “gota a gota”, in Colombian households and businesses. An Anif and Colombia Fintech survey shows that only 35% of the adult population has access to formal credit, exposing many to exorbitant interest rates. This practice impacts the safety and well-being of those affected, particularly in vulnerable sectors.

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