Markets Actual Q1 Q2 Q3 Q4 2021
Currency 3378.00 3447 3477 3507 3538 3599
Stock Market (points) 1631.45 1607 1591 1575 1559 1527
Government Bond 10Y (%) 5.56 5.73 5.83 5.92 6.02 6.21

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.50 0.5 0.8 0.7 0.8 0.9
GDP Annual Growth Rate (%) 3.40 3.3 3.6 3.4 3.3 3.4
Unemployment Rate (%) 9.50 9.6 9.1 9.2 9.4 10
Inflation Rate (%) 3.62 3.7 3.5 3.2 3.3 3.1
Inflation Rate Mom (%) 0.42 0.2 0.1 0.2 0.2 0.2
Interest Rate (%) 4.25 4.25 4.5 4.5 4.5 4.75
Balance of Trade (USD Billion) -0.74 -0.7 -0.9 -0.5 1.2 0.2
Current Account (USD Million) -3917.00 -3500 -3400 -3200 -2300 -3500
Current Account to GDP (%) -3.80 -3.7 -3.7 -3.7 -3.7 -3.6
Government Debt to GDP (%) 50.50 53 53 53 53 51
Government Budget (% of GDP) -3.10 -3 -3 -3 -3 -3.2
Business Confidence (points) 8.50 3 5 6.7 7 7.5
Consumer Confidence (points) -1.20 -6 -2 5 4 5
Retail Sales MoM (%) 26.20 3 2 2.7 4 4.3
Corporate Tax Rate (%) 33.00 33 33 33 33 33
Personal Income Tax Rate (%) 39.00 39 39 39 39 39

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.50 0.5 0.8 0.7 0.8 0.9
GDP Annual Growth Rate (%) 3.40 3.3 3.6 3.4 3.3 3.4
GDP (USD Billion) 330.20 375 375 375 375 400
GDP Constant Prices (COP Billion) 241299.98 207339 217914 225752 229304 237100
Gross Fixed Capital Formation (COP Billion) 49217.34 48570 50678 50885 51686 53443
GDP per capita (USD) 7698.40 7800 7800 7800 7800 7900
GDP per capita PPP (USD) 13332.87 13900 13900 13900 13900 13900
GDP From Agriculture (COP Billion) 13742.29 14129 13511 13803 14020 14497
GDP From Construction (COP Billion) 17055.31 12739 13900 15380 15622 16153
GDP From Manufacturing (COP Billion) 27474.61 24945 26020 27449 27881 28829
GDP From Mining (COP Billion) 11274.04 11154 11064 11428 11608 12003
GDP From Transport (COP Billion) 11554.12 10910 11226 11611 11793 12194
GDP From Utilities (COP Billion) 6897.00 6521 6637 7004 7114 7356

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 9.50 9.6 9.1 9.2 9.4 10
Unemployed Persons (Thousand ) 2398.07 2750 2850 2890 2850 3000
Population (Million) 49.83 50.37 50.17 50.37 50.91 51.45
Wages High Skilled (COP/Month) 2598000.00 2480000 2480000 2480000 2508498 2513632
Wages Low Skilled (COP/Month) 899500.00 834000 834000 834000 850000 870000
Labor Force Participation Rate (%) 63.60 64.9 64.3 64.6 65 65.5
Living Wage Family (COP/Month) 1095100.00 1135353 1135353 1135353 1135353 1135353
Living Wage Individual (COP/Month) 782100.00 781232 781232 781232 781232 781232
Employed Persons (Thousand) 22760.73 22803 22100 22400 22800 22800
Employment Rate (%) 57.50 56 56.3 56.6 56.9 57.2

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 3.62 3.7 3.5 3.2 3.3 3.1
Inflation Rate Mom (%) 0.42 0.2 0.1 0.2 0.2 0.2
Consumer Price Index CPI (points) 104.24 105 106 107 107 111
Core Consumer Prices (points) 103.92 105 106 106 106 110
Core Inflation Rate (%) 3.36 3.3 3.2 3.1 3.2 3
Producer Prices (points) 119.91 121 123 126 126 131
Food Inflation (%) 5.13 5 4.5 4 3.5 2.5
Producer Prices Change (%) 4.69 4.3 4.3 4.4 4.4 4.2
CPI Housing Utilities (points) 103.51 105 106 106 107 110
CPI Transportation (points) 104.14 105 106 106 107 110

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 4.25 4.25 4.5 4.5 4.5 4.75
Interbank Rate (%) 4.25 4.26 4.51 4.51 4.51 4.51
Foreign Exchange Reserves (USD Million) 53443.39 53400 53600 53800 54000 54800
Deposit Interest Rate (%) 4.70 4.7 4.95 4.95 4.95 4.95
Central Bank Balance Sheet (COP Billion) 236556.30 251000 260000 270000 278000 320000

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Billion) -0.74 -0.7 -0.9 -0.5 1.2 0.2
Current Account (USD Million) -3917.00 -3500 -3400 -3200 -2300 -3500
Current Account to GDP (%) -3.80 -3.7 -3.7 -3.7 -3.7 -3.6
Imports (USD Billion) 4.08 3.9 4.6 3.8 3.8 4.5
Exports (USD Billion) 3.34 3.2 3.7 3.3 5 4.7
External Debt (USD Million) 137421.73 127150 127150 139100 127000 127000
Foreign Direct Investment (USD Million) 3330.18 2992 3065 2890 2890 3069
Capital Flows (USD Million) -3219.49 -3140 -3100 -3000 -3000 -3104
Remittances (USD Million) 634.90 540 540 530 600 610

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 50.50 53 53 53 53 51
Government Budget (% of GDP) -3.10 -3 -3 -3 -3 -3.2
Government Budget Value (COP Billion) -4897.68 -4277 -3782 -4075 -4176 -4053
Government Spending (COP Billion) 35875.96 34172 34805 35193 35746 36962
Government Revenues (COP Billion) 14074.53 12189 12200 12200 12200 12127
Military Expenditure (USD Million) 10303.00 10100 10100 10100 10100 9900

Taxes Actual Q1 Q2 Q3 Q4 2021
Corporate Tax Rate (%) 33.00 33 33 33 33 33
Personal Income Tax Rate (%) 39.00 39 39 39 39 39
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 Q1 Q2 Q3 Q4 2021
Business Confidence (points) 8.50 3 5 6.7 7 7.5
Industrial Production (%) 3.20 2.5 3 3.9 3.2 3.4
Total Vehicle Sales (Cars) 14675.00 13700 13200 13500 13800 13600
Car Registrations 18407.00 20241 19800 19300 30000 32000
Leading Economic Index (%) 3.60 3.1 3.4 3.2 3.4 3.6
Manufacturing Pmi (points) 53.40 53.7 53 53.5 54 53
Cement Production (Tonnes) 1299460.00 1080000 1000000 1050000 1170000 1250000
Industrial Production Mom (%) -2.10 0.6 0.5 0.3 0.6 1

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) -1.20 -6 -2 5 4 5
Retail Sales MoM (%) 26.20 3 2 2.7 4 4.3
Retail Sales YoY (%) 7.10 4 3.5 3.9 4.1 4.3
Consumer Spending (COP Billion) 155976.85 154748 157045 158826 161325 166810
Private Sector Credit (COP Million) 269010.36 195882 273853 255976 277888 287336
Consumer Credit (COP Billion) 155422.57 141006 146222 152813 160552 166010
Households Debt To GDP (% of GDP) 27.85 27.3 27.5 27.8 27.9 28.3
Gasoline Prices (USD/Liter) 0.76 0.68 0.69 0.71 0.74 0.74

Housing Actual Q1 Q2 Q3 Q4 2021
Housing Index (points) 138.52 145 147 149 149 151


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.