Markets Actual Q4 Q1 Q2 Q3 2021
Currency 3807.60 3846 3879 3912 3946 4013
Stock Market (points) 1162.58 1153 1130 1107 1085 1040
Government Bond 10Y (%) 5.20 5.28 5.37 5.45 5.54 5.71

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -14.90 1.5 0.7 0.9 0.6 0.5
GDP Annual Growth Rate (%) -15.70 -5.5 1.5 13 7 5.1
Unemployment Rate (%) 16.80 16.7 16.4 16 15.7 15.5
Inflation Rate (%) 1.97 1.9 2.2 2.6 2.7 2.9
Inflation Rate Mom (%) 0.32 0.2 0.1 0.1 0.2 0.2
Interest Rate (%) 1.75 1.75 1.75 2 2.25 2.5
Balance of Trade (USD Billion) -1.00 1.2 0.2 -0.7 -0.4 0.2
Current Account (USD Million) -1693.00 -2300 -2600 -2500 -2600 -2700
Current Account to GDP (%) -4.30 -4.1 -3.9 -3.9 -3.9 -3.9
Government Debt to GDP (%) 48.40 55 53 53 53 53
Government Budget (% of GDP) -2.50 -4 -3.5 -3.5 -3.5 -3.5
Business Confidence (points) 6.10 5 4.5 4.8 5 5.5
Consumer Confidence (points) -21.60 -18 -10 -5 1 3
Retail Sales MoM (%) -2.70 -2 6 5 3 4.3
Corporate Tax Rate (%) 33.00 34 33 33 33 34
Personal Income Tax Rate (%) 39.00 33 39 39 39 39

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -14.90 1.5 0.7 0.9 0.6 0.5
GDP Annual Growth Rate (%) -15.70 -5.5 1.5 13 7 5.1
GDP (USD Billion) 323.80 300 310 310 310 310
GDP Constant Prices (COP Billion) 180770.34 249157 228361 208267 204270 257379
Gross Fixed Capital Formation (COP Billion) 34069.26 51543 45311 49798 38498 53244
GDP per capita (USD) 7842.90 7500 7700 7700 7700 7700
GDP per capita PPP (USD) 14730.88 14120 14350 14350 14350 14350
GDP From Agriculture (COP Billion) 13375.09 14250 13072 14539 15114 14720
GDP From Construction (COP Billion) 9259.86 18462 16171 11254 10464 19071
GDP From Manufacturing (COP Billion) 19034.00 29089 25992 24723 21508 30049
GDP From Mining (COP Billion) 8397.13 11834 10632 10603 9489 12225
GDP From Transport (COP Billion) 6849.72 11990 11031 10753 7740 12386
GDP From Utilities (COP Billion) 5952.00 7200 6521 6711 7472 7437

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 16.80 16.7 16.4 16 15.7 15.5
Unemployed Persons (Thousand ) 3965.00 3900 3800 3600 3400 3200
Population (Million) 50.37 50.91 50.91 50.91 50.91 51.45
Labor Force Participation Rate (%) 59.30 59.6 60 60.3 60.6 61
Employed Persons (Thousand) 19697.00 19900 20500 21800 22100 22500
Employment Rate (%) 49.30 50 50.5 51 51.5 52

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 1.97 1.9 2.2 2.6 2.7 2.9
Inflation Rate Mom (%) 0.32 0.2 0.1 0.1 0.2 0.2
Consumer Price Index CPI (points) 105.29 106 108 108 108 109
Core Consumer Prices (points) 105.07 107 106 107 107 111
Core Inflation Rate (%) 2.20 2.1 2.3 2.5 2.7 3
Producer Prices (points) 118.78 120 117 117 121 123
Food Inflation (%) 4.13 3.5 3.3 3.3 3.6 3.7
Producer Prices Change (%) -1.30 -0.5 0.5 1 1.5 2
CPI Housing Utilities (points) 104.74 105 107 107 108 108
CPI Transportation (points) 103.78 105 107 105 107 108
Export Prices (points) 112.24 115 116 115 115 114
Import Prices (points) 129.32 130 130 131 130 130

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 1.75 1.75 1.75 2 2.25 2.5
Interbank Rate (%) 1.75 4.76 2 2 2.25 4.26
Foreign Exchange Reserves (USD Million) 56941.10 57800 58000 57700 57500 57300
Deposit Interest Rate (%) 4.49 6.5 4.49 4.49 4.74 6
Central Bank Balance Sheet (COP Billion) 276651.20 280000 282000 280000 279000 278000

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Billion) -1.00 1.2 0.2 -0.7 -0.4 0.2
Current Account (USD Million) -1693.00 -2300 -2600 -2500 -2600 -2700
Current Account to GDP (%) -4.30 -4.1 -3.9 -3.9 -3.9 -3.9
Imports (USD Billion) 3.57 3.6 4.1 4 4.1 4.5
Exports (USD Billion) 2.57 3.8 3.4 3.6 3.8 4.7
External Debt (USD Million) 150188.80 148500 149600 150100 150300 150600
Foreign Direct Investment (USD Million) 1340.43 1900 2100 2350 2600 2700
Capital Flows (USD Million) -2278.72 -2500 -2900 -2800 -2700 -2650
Remittances (USD Million) 645.90 600 630 510 570 610

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 48.40 55 53 53 53 53
Government Budget (% of GDP) -2.50 -4 -3.5 -3.5 -3.5 -3.5
Government Budget Value (COP Billion) -9545.57 -4053 -8300 -7800 -7300 -4047
Government Spending (COP Billion) 36081.35 36515 33474 36050 40772 37720
Government Revenues (COP Billion) 10418.51 11800 12000 12000 12500 12600
Fiscal Expenditure (COP Billion) 19964.08 20100 19800 19500 19000 18900
Military Expenditure (USD Million) 10303.00 10100 10100 10100 10100 9900

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 33.00 34 33 33 33 34
Personal Income Tax Rate (%) 39.00 33 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 Q4 Q1 Q2 Q3 2021
Business Confidence (points) 6.10 5 4.5 4.8 5 5.5
Industrial Production (%) -10.30 -3 1.5 2 2.5 3.4
Total Vehicle Sales (Cars) 5346.00 6300 7100 7800 8600 9000
Car Registrations 18408.00 19800 21700 22800 23200 25000
Leading Economic Index (%) -10.60 -5.8 -2.1 9.5 4.5 3.9
Industrial Production Mom (%) 0.70 0.6 0.4 0.6 0.7 1
Manufacturing Pmi (points) 50.40 51.2 51.7 52 52.3 52.5
Cement Production (Tonnes) 1095590.72 1170000 1100000 1080000 1090000 1190000

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) -21.60 -18 -10 -5 1 3
Retail Sales MoM (%) -2.70 -2 6 5 3 4.3
Retail Sales YoY (%) -17.10 -5.5 -2.5 8 4 4.3
Consumer Spending (COP Billion) 128728.10 159557 147188 159336 145463 164822
Private Sector Credit (COP Million) 326347.16 241629 207374 273040 367451 217950
Consumer Credit (COP Billion) 155289.85 145214 148554 163166 176426 150006
Gasoline Prices (USD/Liter) 0.56 0.72 0.52 0.5 0.47 0.68
Households Debt To GDP (% of GDP) 28.46 29 28.8 28.5 28.3 28.3

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (points) 144.26 148 148 150 151 152


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.