The Gross Domestic Product (GDP) in Colombia expanded 0.50 percent in the fourth quarter of 2019 over the previous quarter. Colombia GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Colombia averaged 0.96 percent from 2001 until 2019, reaching an all time high of 3.50 percent in the second quarter of 2002 and a record low of -1.70 percent in the fourth quarter of 2008. This page provides - Colombia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Dane, Colombia

GDP Growth Rate in Colombia is expected to be 0.50 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 0.80 in 12 months time. In the long-term, the Colombia GDP Growth Rate is projected to trend around 0.90 percent in 2021, according to our econometric models.

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Colombia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.60 3.50 -1.70 2001 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-05-15 04:30 PM Q1 0% 0.7% 0.8%
2019-08-15 04:20 PM Q2 1.4% 0.8% 0.6%
2019-11-14 04:30 PM Q3 0.6% 1.3% 0.9%
2020-02-14 04:40 PM Q4 0.5% 0.6% 1.1%
2020-05-15 04:00 PM Q1 0.5% 0.5%
2020-08-14 04:00 PM Q2 0.8%
2020-11-17 04:00 PM Q3 0.7%

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).