In the third quarter of 2019, the y/y growth rate of Colombian GDP decelerated to a rate of 3.28%. The behavior of GDP was driven by the performance of the external sector. In the labor market, the unemployment rate grew compared to the previous quarter to 10.71%, while the year-over-year growth rate of employment creation decelerated to -1.83%. With respect to the exchange rate, the Colombian peso stood at 3,395 Colombian pesos per dollar, after a depreciation of 103 pesos per dollar. Finally, inflation reached 3.82%, increasing compared to the previous quarter.
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