Markets Actual Q2 Q3 Q4 Q1 2020
Currency 3146.25 3215 3245 3275 3305 3366
Stock Market (points) 1574.31 1571 1554 1537 1521 1488
Government Bond 10Y (%) 6.36 6.53 6.64 6.74 6.85 7.07
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.60 1 0.7 1.1 0.5 1.3
GDP Annual Growth Rate (%) 2.80 3.2 3.3 3.5 3.2 3.3
Unemployment Rate (%) 11.80 9.2 9.2 9.1 9.2 9.2
Inflation Rate (%) 3.21 3.3 3.4 3.3 3.1 3.2
Inflation Rate Mom (%) 0.43 0.5 0.3 0.3 0.2 0.2
Interest Rate (%) 4.25 4.25 4.5 4.75 4.75 5.25
Balance of Trade (USD Billion) -1.24 -0.22 -0.08 0.8 -0.6 1.2
Current Account (USD Million) -3680.00 -3400 -3600 -3300 -3500 -2300
Current Account to GDP (%) -3.80 -4 -4 -4 -3.7 -3.7
Government Debt to GDP (%) 50.50 52 52 52 53 53
Government Budget (% of GDP) -3.00 -2.8 -2.8 -2.8 -3 -3
Business Confidence (Index Points) 5.10 4 4.5 3.9 4 5.4
Consumer Confidence (Index Points) 1.20 3 3 5 3 4
Retail Sales MoM (%) -5.30 1.5 -3 5 3 4
Corporate Tax Rate (%) 34.00 34 34 34 34 34
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.60 1 0.7 1.1 0.5 1.3
GDP Annual Growth Rate (%) 2.80 3.2 3.3 3.5 3.2 3.3
GDP (USD Billion) 309.19 370 370 370 375 375
GDP Constant Prices (COP Billion) 233040.93 211528 218583 241197 240498 249157
Gross Fixed Capital Formation (COP Billion) 48209.53 47376 49621 49897 49752 51543
GDP per capita (USD) 7600.76 8400 8400 8400 8600 8600
GDP per capita PPP (USD) 13254.95 13530 13530 13530 13900 13900
GDP From Agriculture (COP Billion) 13328.03 13255 13493 13795 13755 14250
GDP From Construction (COP Billion) 17267.86 13618 15699 17872 17820 18462
GDP From Manufacturing (COP Billion) 27207.71 25917 26994 28160 28078 29089
GDP From Mining (COP Billion) 11068.99 10873 11240 11456 11423 11834
GDP From Transport (COP Billion) 11214.81 10763 10976 11607 11574 11990
GDP From Utilities (COP Billion) 6734.00 6455 6806 6970 6949 7200
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 11.80 9.2 9.2 9.1 9.2 9.2
Unemployed Persons (Thousand ) 2943.87 2380 2390 2450 2450 2500
Population (Million) 49.29 50.1 50.1 49.83 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 (%) 56.35 58 58.5 58 57.9 57.9
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 3.21 3.3 3.4 3.3 3.1 3.2
Inflation Rate Mom (%) 0.43 0.5 0.3 0.3 0.2 0.2
Consumer Price Index CPI (Index Points) 101.62 102 103 103 104 107
Core Consumer Prices (Index Points) 101.51 102 103 103 105 107
Producer Prices (Index Points) 116.37 119 122 119 121 125
Food Inflation (%) 1.40 1.4 1.4 1.4 1.6 1.6
Producer Prices Change (%) 4.71 4.7 5.3 4.8 4.5 4.4
CPI Housing Utilities (Index Points) 101.20 101 102 103 104 107
CPI Transportation (Index Points) 101.53 102 103 103 104 107
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 4.25 4.25 4.5 4.75 4.75 5.25
Interbank Rate (%) 4.26 4.26 4.51 4.76 4.76 4.76
Deposit Interest Rate (%) 6.00 6 6.25 6.5 6.5 6.5
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Billion) -1.24 -0.22 -0.08 0.8 -0.6 1.2
Current Account (USD Million) -3680.00 -3400 -3600 -3300 -3500 -2300
Current Account to GDP (%) -3.80 -4 -4 -4 -3.7 -3.7
Imports (USD Billion) 4.30 4 3.85 3.7 4.5 3.8
Exports (USD Billion) 3.18 3.57 3.7 4.5 3.9 5
External Debt (USD Million) 134712.30 127150 127200 127150 127150 127000
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 50.50 52 52 52 53 53
Government Budget (% of GDP) -3.00 -2.8 -2.8 -2.8 -3 -3
Government Spending (COP Billion) 34153.12 33543 33772 35348 35246 36515
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 5.10 4 4.5 3.9 4 5.4
Industrial Production (%) 2.80 7.2 3 3.6 4.5 3.2
Leading Economic Index (%) 2.20 3 2.9 3.3 3.1 3.1
Manufacturing Pmi 48.90 51.7 52.3 53 52.5 54
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 1.20 3 3 5 3 4
Retail Sales MoM (%) -5.30 1.5 -3 5 3 4
Retail Sales YoY (%) 5.70 4.4 5.7 4.2 4 4.1
Consumer Spending (COP Billion) 149236.34 147564 149675 154460 154012 159557
Gasoline Prices (USD/Liter) 0.80 0.77 0.75 0.74 0.72 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.