What is the rate of poverty in Colombia?

Colombia poverty rate for 2019 was 29.40%, a 1.2% increase from 2018. Colombia poverty rate for 2018 was 28.20%, a 0.1% increase from 2017. Colombia poverty rate for 2017 was 28.10%, a 0.6% decline from 2016.

Is Bogota a poor city?

Regional poverty distribution The poverty rate in the capital Bogota and Colombia’s five biggest provincial capitals is historically considerably lower than on the countryside.

What percent of Colombians live below the poverty line?

The population living below the poverty line is 34 percent. Though the economic growth of Colombia is among one of the world’s emerging economies, more than three out of ten Colombians still live in poor conditions. Colombia is also the world’s seventh most inequitable country.

What is the poverty rate in Colombia in 2020?

37.5%
The Economic Commission for Latin America and the Caribbean reported that 37.5% of Colombians lived below the poverty line at the end of 2020. Poverty increased significantly while the country’s three richest men owned more than 10% of the country’s GDP.

Is Colombia a poor nation?

Colombia is classified as an upper middle-income economy and is one of Latin America’s largest economies, according to the International Monetary Fund. Poverty rates remain high and income inequality is one of the highest in Latin America and the world.

Is Colombia or Philippines richer country?

Philippines has a GDP per capita of $8,400 as of 2017, while in Colombia, the GDP per capita is $14,400 as of 2017.

How many people live below the poverty line in Colombia?

The population living below the poverty line is 34 percent. Though the economic growth of Colombia is among one of the world’s emerging economies, more than three out of ten Colombians still live in poor conditions.

Which is the poorest province in Colombia 2019?

Choco continued to be Colombia’s poorest province with a poverty rate of 68.4% in 2019. Almost 39% of the people in the largely Afrocolombian province were living in extreme poverty.

How is income inequality in Colombia in 2018?

Colombia’s extreme income inequality increased in 2018 after a decade of gradual decrease. The top 10% of the country’s earners received almost 40% of the country’s income, which is 10 times what the bottom 20% earned, according to the World Bank.

How many people live on less than$ 2 a day in Colombia?

More than 12.7 million people in Colombia live on less than $2 a day. According to Opportunity Colombia, an organization to enable marginalized people to engage in the local economy, only 2.5 percent of Colombians are using microfinance services.