Markets Actual Q2 Q3 Q4 Q1 2020
Currency 3175.68 3404 3434 3464 3494 3555
Stock Market (points) 1555.11 1471 1455 1440 1424 1394
Government Bond 10Y (%) 5.96 6.51 6.62 6.73 6.84 7.06
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.00 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 (%) 10.30 9.2 9.2 9.1 9.2 9.2
Inflation Rate (%) 3.31 3.3 3.4 3.3 3.1 3.2
Inflation Rate Mom (%) 0.31 0.2 0.3 0.3 0.2 0.2
Interest Rate (%) 4.25 4.25 4.5 4.5 4.5 4.75
Balance of Trade (USD Billion) -0.66 1.57 -0.08 0.8 -0.6 1.2
Current Account (USD Million) -3614.00 -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) -3.10 -2.8 -2.8 -2.8 -3 -3
Business Confidence (Index Points) 4.40 4 4.5 3.9 4 5.4
Consumer Confidence (Index Points) -5.00 3 3 5 3 4
Retail Sales MoM (%) -5.80 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 (%) 0.00 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) 203050.37 211133 218551 241770 209548 249749
Gross Fixed Capital Formation (COP Billion) 48101.96 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) 13768.81 13272 13520 13814 14209 14270
GDP From Construction (COP Billion) 12364.96 13618 15699 17872 17820 18462
GDP From Manufacturing (COP Billion) 24542.60 25788 27005 28077 25328 29004
GDP From Mining (COP Billion) 10970.91 10914 11305 11611 11322 11994
GDP From Transport (COP Billion) 10613.70 10840 10912 11614 10953 11997
GDP From Utilities (COP Billion) 6412.00 6455 6810 6967 6617 7196
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 10.30 9.2 9.2 9.1 9.2 9.2
Unemployed Persons (Thousand ) 2523.61 2380 2390 2450 2450 2500
Population (Million) 49.83 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 (%) 55.78 58 58.5 58 57.9 57.9
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 3.31 3.3 3.4 3.3 3.1 3.2
Inflation Rate Mom (%) 0.31 0.2 0.3 0.3 0.2 0.2
Consumer Price Index CPI (Index Points) 102.44 103 103 103 105 107
Core Consumer Prices (Index Points) 102.12 102 103 103 105 107
Producer Prices (Index Points) 119.91 119 122 119 122 125
Food Inflation (%) 3.44 1.4 1.4 1.4 1.6 1.6
Producer Prices Change (%) 5.31 4.7 5.3 4.8 4.5 4.4
CPI Housing Utilities (Index Points) 102.11 101 102 103 104 107
CPI Transportation (Index Points) 101.77 102 103 103 105 107
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 4.25 4.25 4.5 4.5 4.5 4.75
Interbank Rate (%) 4.26 4.27 4.27 4.27 4.27 4.27
Deposit Interest Rate (%) 6.00 6 6 6 6 6
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Billion) -0.66 1.57 -0.08 0.8 -0.6 1.2
Current Account (USD Million) -3614.00 -3400 -3600 -3300 -3500 -2300
Current Account to GDP (%) -3.80 -4 -4 -4 -3.7 -3.7
Imports (USD Billion) 4.53 4 3.85 3.7 4.5 3.8
Exports (USD Billion) 3.87 3.57 3.7 4.5 3.9 5
External Debt (USD Million) 132794.20 130615 131731 136646 137044 141155
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 50.50 52 52 52 53 53
Government Budget (% of GDP) -3.10 -2.8 -2.8 -2.8 -3 -3
Government Spending (COP Billion) 33314.37 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) 4.40 4 4.5 3.9 4 5.4
Industrial Production (%) -1.30 7.2 3 3.6 4.5 3.2
Leading Economic Index (%) 2.10 3 2.9 3.3 3.1 3.1
Manufacturing Pmi 50.80 51.5 52.3 53 52.5 54
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) -5.00 3 3 5 3 4
Retail Sales MoM (%) -5.80 1.5 -3 5 3 4
Retail Sales YoY (%) 4.00 4.4 5.7 4.2 4 4.1
Consumer Spending (COP Billion) 152039.94 147564 149675 154460 154012 159557
Gasoline Prices (USD/Liter) 0.75 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.