Colombia's economy advanced 3.3 percent year-on-year in the third quarter of 2019, following a 3 percent growth in the previous period and beating market expectations of a 2.9 percent expansion. It was the strongest growth rate since the third quarter of 2015, driven by retail & wholesale trade, transportation, hotels & restaurants (5.9 percent from 4.7 percent in Q2); finance & insurance (8.2 percent from 4.6 percent); public administration, defense, education and health (4.3 percent from 3.1 percent); manufacturing (1.5 percent from 0.6 percent); agriculture, forestry & fishing (2.6 percent from 1.5 percent); professional, scientific and technical activities (3.7 percent from 3.6 percent); and utilities (2.8 percent from 2.6 percent). On a seasonally adjusted quarterly basis, the GDP expanded 0.6 percent, easing from downwardly revised 1.3 percent rise in the second quarter.
GDP Annual Growth Rate in Colombia averaged 3.87 percent from 2001 until 2019, reaching an all time high of 8.60 percent in the third quarter of 2011 and a record low of 0.20 percent in the third quarter of 2009. This page provides - Colombia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Dane, Colombia
GDP Annual Growth Rate in Colombia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Colombia to stand at 3.40 in 12 months time. In the long-term, the Colombia GDP Annual Growth Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.