Colombia’s quarterly GDP expanded 8.7 percent on quarter in the three months to September of 2020, the most on record, following an upwardly revised 16.1 percent plunge in the prior period. source: Dane, Colombia

GDP Growth Rate in Colombia averaged 0.82 percent from 2001 until 2020, reaching an all time high of 8.70 percent in the third quarter of 2020 and a record low of -16.10 percent in the second quarter of 2020. This page provides - Colombia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

GDP Growth Rate in Colombia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Colombia to stand at 0.60 in 12 months time. In the long-term, the Colombia GDP Growth Rate is projected to trend around 0.50 percent in 2021 and 0.80 percent in 2022, according to our econometric models.

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Colombia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.70 -16.10 8.70 -16.10 2001 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-14 04:40 PM Q4 0.5% 0.6% 1.1%
2020-05-15 04:00 PM Q1 -2.4% 0.5% -0.7% -1.5%
2020-08-14 04:45 PM Q2 -14.9% -2.1% -17.5%
2020-11-17 04:30 PM Q3 8.7% -16.1% 9% 9.3%
2021-02-15 04:40 PM Q4
2021-05-14 04:00 PM Q1
2021-08-13 04:45 PM Q2
2021-11-17 04:00 PM Q3

Colombia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 8.70 -16.10 8.70 -16.10 percent [+]
GDP Annual Growth Rate -9.00 -15.80 8.00 -15.80 percent [+]
GDP 323.80 333.60 382.10 4.00 USD Billion [+]
GDP Constant Prices 202513.52 180494.33 241371.22 100710.10 COP Billion [+]
Gross Fixed Capital Formation 38947.84 32109.99 49894.55 9542.00 COP Billion [+]
GDP per capita 7842.90 7696.30 7842.90 2339.40 USD [+]
GDP per capita PPP 14730.88 14455.59 14730.88 8390.84 USD [+]
GDP From Agriculture 14393.28 13290.10 14393.28 5454.00 COP Billion [+]
GDP From Construction 10784.92 9055.35 17112.58 2927.00 COP Billion [+]
GDP From Manufacturing 25073.46 19027.49 27504.82 9441.00 COP Billion [+]
GDP From Mining 8855.55 8389.80 12710.92 4899.00 COP Billion [+]
GDP From Transport 8314.22 6841.36 11577.45 4460.00 COP Billion [+]
GDP From Utilities 6586.00 5952.00 6900.00 2895.00 COP Billion [+]


Colombia GDP Growth Rate
Colombia is the fourth biggest economy in Latin America. In recent years, the country has been growing rapidly, mostly due to a rise in exports of commodities such as oil, coal and coffee. The biggest and the fastest growing sector of Colombian economy is services (53 percent of GDP) including: financing, insurance, real estate and business services; community, social and personal services; trade, repairs, restaurants and hotels and transport, warehousing and communication. Manufacturing, mining and quarrying create 20 percent of the wealth. Other sectors include: government (10 percent), agriculture, hunting, forestry and fishing (6.3 percent); construction (6 percent) and electricity, gas and water distribution (4 percent).