Colombia GDP Annual Growth Rate

Colombia's economy expanded 3.0 percent year-on-year in the second quarter of 2019, following an upwardly revised 3.1 percent advance in the previous period and beating market expectations of 2.9 percent. Main contributors to the GDP growth were retail & wholesale trade (4.8 percent vs 4.1 percent); public administration (3.1 percent vs 4.1 percent); professional, scientific and technical activities (3.6 percent, the same as in Q1); finance & insurance (4.6 percent vs 5.5 percent) and construction (0.6 percent vs -5.5 percent). On a seasonally adjusted quarterly basis, the GDP rose 1.4 percent, after an upwardly revised 0.8 percent growth in the previous 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 fourth quarter of 2008.

GDP Annual Growth Rate in Colombia is expected to be 3.30 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 3.60 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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-11-15	03:30 PM	GDP Growth Rate YoY Q3	2.7%	2.8%	2.7%	2.6%
2019-02-28	03:40 PM	GDP Growth Rate YoY Q4	2.8%	2.7%	2.8%	2.7%
2019-05-15	04:30 PM	GDP Growth Rate YoY Q1	2.8%	2.7%	3%	3%
2019-08-15	04:20 PM	GDP Growth Rate YoY Q2	3%	3.1%	2.9%	3.2%
2019-11-15	03:30 PM	GDP Growth Rate YoY Q3		3%		3.3%

Colombia GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.40	0.00	3.50	-1.90	percent	[+]
GDP Annual Growth Rate	3.00	3.10	8.60	0.20	percent	[+]
GDP	330.20	311.80	381.90	4.00	USD Billion	[+]
GDP Constant Prices	213961.53	203791.38	233501.24	100710.10	COP Billion	[+]
Gross Fixed Capital Formation	49948.66	47767.10	49948.66	9542.00	COP Billion	[+]
GDP per capita	7698.40	7613.70	7698.40	2337.00	USD	[+]
GDP per capita PPP	13332.87	13186.21	13332.87	7729.00	USD	[+]
GDP From Agriculture	13271.43	13901.76	13901.76	5454.00	COP Billion	[+]
GDP From Construction	13571.36	12375.29	17240.79	2927.00	COP Billion	[+]
GDP From Manufacturing	25561.50	24544.48	27092.24	9441.00	COP Billion	[+]
GDP From Mining	10869.60	10972.34	12895.26	4899.00	COP Billion	[+]
GDP From Transport	11028.20	10721.49	11162.89	4460.00	COP Billion	[+]
GDP From Utilities	6520.00	6415.00	6731.00	2895.00	COP Billion	[+]

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). This page provides - Colombia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	3.00	3.10	8.60	0.20	2001 - 2019	percent	Quarterly	NSA

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Country	Last		Previous	Range
China	6.20	Jun/19	6.4	15.4 : 3.8	%
Indonesia	5.05	Jun/19	5.07	7.16 : 1.56	%
India	5.00	Jun/19	5.8	11.4 : -5.2	%
United States	2.30	Jun/19	2.7	13.4 : -3.9	%
Spain	2.10	Jun/19	2.1	5.4 : -4.3	%
Netherlands	2.00	Jun/19	1.7	6.1 : -4.6	%
South Korea	2.00	Jun/19	1.7	20.8 : -7.3	%
Saudi Arabia	1.70	Mar/19	3.6	24.2 : -20.7	%
Canada	1.60	Jun/19	1.4	9.3 : -4.1	%
Australia	1.40	Jun/19	1.7	9 : -3.4	%
France	1.40	Jun/19	1.3	12.6 : -3.8	%
Euro Area	1.20	Jun/19	1.3	5 : -5.5	%
United Kingdom	1.20	Jun/19	1.8	9.7 : -6.1	%
Brazil	1.00	Jun/19	0.5	10.1 : -5.5	%
Japan	1.00	Jun/19	1	9.4 : -8.8	%
Russia	0.90	Jun/19	0.5	12.1 : -11.2	%
South Africa	0.90	Jun/19	0	7.1 : -2.6	%
Argentina	0.60	Jun/19	-5.8	16.2 : -16.3	%
Germany	0.40	Jun/19	0.9	7.2 : -6.9	%
Switzerland	0.20	Jun/19	1	5.8 : -3.7	%
Singapore	0.10	Jun/19	1.1	18.6 : -7.7	%
Italy	-0.10	Jun/19	-0.1	10.3 : -7.2	%
Mexico	-0.80	Jun/19	1.2	9 : -9.1	%
Turkey	-1.50	Jun/19	-2.4	11.7 : -14.4	%