Standard of Living in Colombia: Economic Indicators and Social Metrics

Colombia's Standard of Living Overview

Improving but below regional/global averages (World Bank, 2021 data):

• GDP per capita (PPP): $14,129 (world avg $18,763; LatAm avg $12,834)
• Poverty rate: 26.9% (down from 32.9% in 2010; LatAm avg 23.1%)
• Income inequality: Top 10% earn >30% of income; bottom 10% <2%.
• Life expectancy: 74.3 years (LatAm avg 76.4)
• Infant mortality: 13.6/1,000 live births (LatAm avg 11.7)
• Unemployment: 11.7% (LatAm avg 9.6%)

Progress evident, but poverty, inequality, and unemployment remain significant challenges.