Markets Actual Q4 Q1 Q2 Q3 2020
Currency 3425.70 3507 3538 3569 3601 3665
Stock Market (points) 1590.86 1560 1542 1524 1507 1472
Government Bond 10Y (%) 5.80 5.9 6.01 6.11 6.21 6.43
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 1.40 1.1 0.5 0.8 0.7 0.8
GDP Annual Growth Rate (%) 3.00 3.2 3.3 3.6 3.4 3.3
Unemployment Rate (%) 10.80 10 9.6 9.1 9.2 9.4
Inflation Rate (%) 3.82 3.5 3.4 3.3 3.2 3.3
Inflation Rate Mom (%) 0.23 0.3 0.2 0.1 0.2 0.2
Interest Rate (%) 4.25 4.25 4.5 4.5 4.75 4.75
Balance of Trade (USD Billion) -1.30 0.8 -0.6 -0.9 -0.5 1.2
Current Account (USD Million) -3239.00 -3300 -3500 -3400 -3200 -2300
Current Account to GDP (%) -3.80 -4 -3.7 -3.7 -3.7 -3.7
Government Debt to GDP (%) 50.50 52 53 53 53 53
Government Budget (% of GDP) -3.10 -2.8 -3 -3 -3 -3
Business Confidence (Index Points) 10.50 6.9 6.1 6.5 6.7 7
Consumer Confidence (Index Points) -11.80 5 3 4 5 4
Retail Sales MoM (%) 2.80 5 3 2 2.7 4
Corporate Tax Rate (%) 34.00 34 34 34 34 34
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 1.40 1.1 0.5 0.8 0.7 0.8
GDP Annual Growth Rate (%) 3.00 3.2 3.3 3.6 3.4 3.3
GDP (USD Billion) 330.20 370 375 375 375 375
GDP Constant Prices (COP Billion) 213961.53 241197 240498 210516 221664 249157
Gross Fixed Capital Formation (COP Billion) 49948.66 49897 49752 49343 51747 51543
GDP per capita (USD) 7698.40 7700 7800 7800 7800 7800
GDP per capita PPP (USD) 13332.87 13530 13900 13900 13900 13900
GDP From Agriculture (COP Billion) 13271.43 13795 13755 14361 13749 14250
GDP From Construction (COP Billion) 13571.36 17872 17820 12784 14060 18462
GDP From Manufacturing (COP Billion) 25561.50 28160 28078 25354 26482 29089
GDP From Mining (COP Billion) 10869.60 11456 11423 11334 11261 11834
GDP From Transport (COP Billion) 11028.20 11607 11574 11075 11425 11990
GDP From Utilities (COP Billion) 6520.00 6970 6949 6627 6755 7200
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 10.80 10 9.6 9.1 9.2 9.4
Unemployed Persons (Thousand ) 2676.70 2550 2750 2850 2890 2850
Population (Million) 49.83 50 50.17 50.17 50.17 50.17
Wages High Skilled (COP/Month) 2598000.00 2480000 2480000 2480000 2480000 2508498
Wages Low Skilled (COP/Month) 899500.00 834000 834000 834000 834000 850000
Living Wage Family (COP/Month) 1095100.00 1135353 1135353 1135353 1135353 1135353
Living Wage Individual (COP/Month) 782100.00 781232 781232 781232 781232 781232
Employment Rate (%) 56.11 56.8 56 56.3 56.6 56.9
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 3.82 3.5 3.4 3.3 3.2 3.3
Inflation Rate Mom (%) 0.23 0.3 0.2 0.1 0.2 0.2
Consumer Price Index CPI (Index Points) 103.26 104 105 106 107 107
Core Consumer Prices (Index Points) 102.80 103 105 105 106 107
Producer Prices (Index Points) 120.35 119 121 122 123 125
Food Inflation (%) 6.48 5 4.5 4 3.5 3
Producer Prices Change (%) 3.78 4.8 4.5 4.3 4.4 4.4
CPI Housing Utilities (Index Points) 102.74 104 105 106 106 107
CPI Transportation (Index Points) 102.68 104 105 106 106 107
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 4.25 4.25 4.5 4.5 4.75 4.75
Interbank Rate (%) 4.26 4.76 4.76 4.51 4.51 4.76
Deposit Interest Rate (%) 4.70 6.5 6.5 4.95 4.95 6.5
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Billion) -1.30 0.8 -0.6 -0.9 -0.5 1.2
Current Account (USD Million) -3239.00 -3300 -3500 -3400 -3200 -2300
Current Account to GDP (%) -3.80 -4 -3.7 -3.7 -3.7 -3.7
Imports (USD Billion) 4.57 3.7 4.5 4.6 3.8 3.8
Exports (USD Billion) 3.26 4.5 3.9 3.7 3.3 5
External Debt (USD Million) 134971.78 127150 127150 137180 139100 127000
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 50.50 52 53 53 53 53
Government Budget (% of GDP) -3.10 -2.8 -3 -3 -3 -3
Government Spending (COP Billion) 34097.73 35348 35246 34678 35325 36515
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Sales Tax Rate (%) 19.00 19 19 19 19 19
Social Security Rate (%) 30.50 30.5 30.5 30.5 30.5 30.5
Social Security Rate For Companies (%) 20.50 20.5 20.5 20.5 20.5 20.5
Social Security Rate For Employees (%) 10.00 10 10 10 10 10
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 10.50 6.9 6.1 6.5 6.7 7
Industrial Production (%) 3.50 3.6 4.5 4.1 3.9 3.2
Leading Economic Index (%) 3.70 3.3 3.1 3.4 3.2 3.4
Manufacturing Pmi 50.90 53 52.5 53 53.5 54
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) -11.80 5 3 4 5 4
Retail Sales MoM (%) 2.80 5 3 2 2.7 4
Retail Sales YoY (%) 8.50 4.2 4 3.5 3.9 4.1
Consumer Spending (COP Billion) 154230.89 154460 154012 157253 159783 159557
Gasoline Prices (USD/Liter) 0.74 0.74 0.72 0.64 0.62 0.72


This page has economic forecasts for Colombia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Colombia economy.