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Latin American Economic Outlook 2017

Youth, Skills and Entrepreneurship

image of Latin American Economic Outlook 2017

The 2017 edition of the Latin American Economic Outlook explores youth, skills and entrepreneurship. Young Latin Americans embody the region’s promise and perils. They stand at the crossroads of a region whose once promising economy and social progress are now undergoing a slowdown. The Outlook identifies potential strategies and policy responses to help Latin America and the Caribbean revive economic growth. While development can stem from different sources, skills and entrepreneurship can empower youth to develop knowledge-intensive economic activities, boost productivity and transform the region’s politics as they transition successfully from the world of school to the world of productive work and create that future they seek. The report highlights valuable experiences and best practices in these fields and proposes strategies to allow Latin America to consolidate long-term growth while assuring continuity in the social agenda.

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Colombia

OECD Development Centre

Colombia has experienced strong and sustained economic growth over the past 15 years, apart from a short slowdown in 2008 and 2009; labour market outcomes have improved significantly. Unemployment has also dropped considerably in recent years. However, based on Colombia’s official household survey (ECH), data from the Socio-Economic Database for Latin America and the Caribbean (SEDLAC) report unemployment at 6% in 2014 for adults. This was above the Latin America and Caribbean (LAC) average (3%), but in line with the OECD average.

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