Colombia Urban Population (%) COLURBAN Economic
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What is Colombia Urban Population (%)?
This indicator tracks the percentage of Colombia's total population residing in urban areas. It is a key demographic metric reflecting the pace of urbanization, a significant driver of economic development and social change. Economists and policymakers closely monitor this figure as it signals shifts in labor markets, infrastructure needs, and consumption patterns. Rising urbanization typically correlates with increased demand for housing, utilities, transportation, and services, potentially boosting construction and service sector growth. Conversely, a slowdown or decline might indicate economic stagnation or a reversal of rural-to-urban migration. The calculation involves dividing the total urban population, as defined by national statistical agencies based on population density and administrative boundaries, by the country's total population. Changes in COLURBAN are crucial for urban planning, resource allocation, and understanding the evolving structure of the Colombian economy.
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