Markets Actual Q3 Q4 Q1 Q2 2020
Currency 3405.23 3307 3335 3364 3393 3451
Stock Market (points) 1548.46 1496 1480 1464 1447 1416
Government Bond 10Y (%) 5.75 5.92 6.02 6.12 6.23 6.44
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.40 0.7 1.1 0.5 0.8 0.8
GDP Annual Growth Rate (%) 3.00 3.3 3 3.3 3.6 3.3
Unemployment Rate (%) 9.40 9.2 9.1 9.6 9.1 9.4
Inflation Rate (%) 3.79 3.7 3.3 3.1 3.2 3.2
Inflation Rate Mom (%) 0.22 0.2 0.3 0.2 0.1 0.2
Interest Rate (%) 4.25 4.25 4.25 4.5 4.5 4.75
Balance of Trade (USD Billion) -0.90 -0.08 0.8 -0.6 -0.9 1.2
Current Account (USD Million) -3614.00 -3600 -3300 -3500 -3400 -2300
Current Account to GDP (%) -3.80 -4 -4 -3.7 -3.7 -3.7
Government Debt to GDP (%) 50.50 52 52 53 53 53
Government Budget (% of GDP) -3.10 -2.8 -2.8 -3 -3 -3
Business Confidence (Index Points) 8.40 7.6 3.9 4 4.3 5.4
Consumer Confidence (Index Points) -5.10 -1 5 3 4 4
Retail Sales MoM (%) -0.30 -3 5 3 2 4
Corporate Tax Rate (%) 34.00 34 34 34 34 34
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.40 0.7 1.1 0.5 0.8 0.8
GDP Annual Growth Rate (%) 3.00 3.3 3 3.3 3.6 3.3
GDP (USD Billion) 330.20 370 370 375 375 375
GDP Constant Prices (COP Billion) 213961.53 222098 240602 209751 210360 248542
Gross Fixed Capital Formation (COP Billion) 49948.66 50427 49656 49689 49834 51294
GDP per capita (USD) 7698.40 7700 7700 7800 7800 7800
GDP per capita PPP (USD) 13332.87 13530 13530 13900 13900 13900
GDP From Agriculture (COP Billion) 13271.43 13740 13748 14223 14264 14201
GDP From Construction (COP Billion) 13571.36 16038 17758 12773 12810 18344
GDP From Manufacturing (COP Billion) 25561.50 27444 27942 25353 25426 28864
GDP From Mining (COP Billion) 10869.60 11488 11555 11333 11366 11936
GDP From Transport (COP Billion) 11028.20 11089 11558 10964 10996 11939
GDP From Utilities (COP Billion) 6412.00 6920 6933 6624 6643 7162
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 9.40 9.2 9.1 9.6 9.1 9.4
Unemployed Persons (Thousand ) 2356.91 2490 2550 2750 2850 2850
Population (Million) 49.83 50.1 49.83 50.37 50.37 50.37
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 (%) 57.50 56.3 56.8 56 56.3 56.9
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 3.79 3.7 3.3 3.1 3.2 3.2
Inflation Rate Mom (%) 0.22 0.2 0.3 0.2 0.1 0.2
Consumer Price Index CPI (Index Points) 102.94 103 103 105 106 107
Core Consumer Prices (Index Points) 102.43 103 103 105 105 107
Producer Prices (Index Points) 118.68 122 119 122 125 125
Food Inflation (%) 6.58 2.6 2.1 1.8 1.6 1.6
Producer Prices Change (%) 4.61 5.3 4.8 4.5 4.3 4.4
CPI Housing Utilities (Index Points) 102.36 103 103 104 105 107
CPI Transportation (Index Points) 102.52 103 103 105 106 107
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 4.25 4.25 4.25 4.5 4.5 4.75
Interbank Rate (%) 4.27 4.26 4.26 4.51 4.51 4.51
Deposit Interest Rate (%) 4.70 4.7 4.7 4.95 4.95 4.95
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Billion) -0.90 -0.08 0.8 -0.6 -0.9 1.2
Current Account (USD Million) -3614.00 -3600 -3300 -3500 -3400 -2300
Current Account to GDP (%) -3.80 -4 -4 -3.7 -3.7 -3.7
Imports (USD Billion) 3.98 3.85 3.7 4.5 4.6 3.8
Exports (USD Billion) 3.04 3.7 4.5 3.9 3.7 5
External Debt (USD Million) 133988.43 131731 135988 137180 137816 140476
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 50.50 52 52 53 53 53
Government Budget (% of GDP) -3.10 -2.8 -2.8 -3 -3 -3
Government Spending (COP Billion) 34097.73 34320 35178 34414 34514 36339
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 8.40 7.6 3.9 4 4.3 5.4
Industrial Production (%) -1.10 3 3.6 4.5 4.1 3.2
Leading Economic Index (%) 2.70 2.9 3.3 3.1 3.4 3.4
Manufacturing Pmi 51.50 52.3 53 52.5 53 54
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) -5.10 -1 5 3 4 4
Retail Sales MoM (%) -0.30 -3 5 3 2 4
Retail Sales YoY (%) 7.20 5.7 4.2 4 3.5 4.1
Consumer Spending (COP Billion) 154230.89 152104 153713 157057 157513 158786
Gasoline Prices (USD/Liter) 0.79 0.77 0.75 0.73 0.71 0.71


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.