Economy Colombia

[Gregory]

I was in Colombia two years ago. I am interested to know how the economy has changed there in the last two years? Any figures on unemployment, inflation etc. Also how might a worsening economy affect the ladies desires to leave the country?

[Aaron]

... in response to Economy Colombia, posted by Gregory on Dec 13, 2001

Greg,

My sources tell me that the unemployment rate is hovering around 22%, between 20% to 25%. Jobs are difficult to find. Engineers, teachers, and other educated people can't find jobs. And there is a long list of people eager to fill the same position. For many of the technical jobs, companies are offering short term contracts, 6 months to a year, without any idea for the possibility for renewal. These are for professional positions mind you, requiring at least a bachealor's degree.

Another thing is that since there is such a shortage of jobs, and that many people are competing with one another, companies have taken the "take it or leave it" approach to
negotiations, usually offering less than reasonable salaries.

If I were to invest in Colombia right now, and honestly speaking I wouldn't, nor would I move there to live at this point in time, but the safest investment would be to buy property. However, try to watch out for entanglements with people who may claim that they own the land that you purchased. Basically, a person can buy property in Colombia cheap as dirt now, and when the revitalization occurs 10, 15, to 20 years down the line, you'll make out like a fat cat.

Aaron

[Pete E]

... in response to Economy Colombia, posted by Gregory on Dec 13, 2001

Gregory,
I can´t give you statistics but I am told by my in laws that jobs are very hard to come by.I think there is opportunity for creative people in business.My in laws started a small business that is doing very well.It seems to me that so many things are expensive that could be produced cheaply here in Colombia.Maybe the retailers are doing very well.
I think unemployment is high but many people are doing pretty good.Cars cost alot of money here but alot of people have them.
As far as the girls wanting to leave,I think they do not neccesarily want to leave.Many would be happy to stay here if they could have a good husband and a good life.Marrying a gringo usually means leaving but also more opportunity
in the US.They will have a better life,their children will have more opportunities.They can work and help their family.
There are more Colombianas looking for gringos than any other latin country.I think it is because of less opportunity here,but also the agency structure has alerted
girls of the possibilities.Girls from many latin countries would be interested in a gringo.Colombia is more developed in this area with a history of success fot the girls and more agencies.My theory is every Colombiana who marries a gringo and the marriage works well gets the interest of at least 10, other Colombianas who knew the girl.

Pete