Colombia GDP Annual Growth Rate

The Colombian economy advanced 2.7 percent year-on-year in the third quarter of 2018, following a 2.8 percent growth in the previous period and matching market expectations. Output rose at a slower pace for: finance & insurance (1.7% vs 2.7% in Q2); professional services (3.6% vs 5.6%); public administration (4.5% vs 5.3%); arts & entertainment (1.0% vs 3.4%); trade, repairs, restaurants & hotels and transportation (2.6% vs 3.7%); manufacturing (2.9% vs 3.6%) and agriculture (0.1% vs 5.8%). In contrast, both the mining sector (1.0% vs -2.6%) and the construction sector (1.8% vs -6.0%) recovered. Also, faster growth was seen in information & communication (3.7% vs 2.5%) and utilities (3.0% vs 2.3%). On quarter, the GDP expanded 0.2 percent, the least in a year, after a 0.6 percent advance in the second quarter and below market expectations of a 0.4 percent rise. GDP Annual Growth Rate in Colombia averaged 3.94 percent from 2001 until 2018, reaching an all time high of 8.50 percent in the third quarter of 2011 and a record low of 0.30 percent in the fourth quarter of 2008.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-05-15	04:00 PM	GDP Growth Rate YoY	2.2%	1.8%	2.3%	2.40%
2018-08-15	04:20 PM	GDP Growth Rate YoY	2.8%	2.2%	2.7%	2.50%
2018-11-15	03:30 PM	GDP Growth Rate YoY	2.7%	2.8%	2.7%	2.6%

Colombia GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.20	0.60	3.50	-2.70	percent	[+]
GDP Annual Growth Rate	2.70	2.80	8.50	0.30	percent	[+]
GDP	309.19	280.10	380.19	4.00	USD Billion	[+]
GDP Constant Prices	213273.78	209650.89	226915.69	100710.10	COP Billion	[+]
Gross Fixed Capital Formation	46630.36	45967.89	46630.36	9542.00	COP Billion	[+]
GDP per capita	7600.76	7531.98	7600.76	2213.22	USD	[+]
GDP per capita PPP	13254.95	13135.01	13254.95	7533.52	USD	[+]
GDP From Agriculture	13130.25	12940.44	13685.96	5454.00	COP Billion	[+]
GDP From Construction	15098.69	13262.46	16596.99	2927.00	COP Billion	[+]
GDP From Manufacturing	26334.91	25216.70	27123.93	9441.00	COP Billion	[+]
GDP From Mining	11119.17	10714.28	12838.88	4899.00	COP Billion	[+]
GDP From Transport	10517.16	10293.02	10748.86	4460.00	COP Billion	[+]
GDP From Utilities	6536.00	6209.00	6536.00	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 November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.70	2.80	8.50	0.30	2001 - 2018	percent	Quarterly

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Country	Last		Previous	Highest	Lowest
India	8.20	Jun/18	7.7	11.4	-5.2	%	Quarterly
China	6.50	Sep/18	6.7	15.4	3.8	%	Quarterly
Turkey	5.20	Jun/18	7.3	11.7	-14.4	%	Quarterly
Indonesia	5.17	Sep/18	5.27	7.16	1.56	%	Quarterly
Australia	3.40	Jun/18	3.2	9	-3.4	%	Quarterly
Switzerland	3.40	Jun/18	2.9	5.8	-3.7	%	Quarterly
United States	3.00	Sep/18	2.9	13.4	-3.9	%	Quarterly
Mexico	2.60	Sep/18	2.6	9	-9.1	%	Quarterly
Singapore	2.60	Sep/18	4.1	19	-8.8	%	Quarterly
Spain	2.50	Sep/18	2.5	5.6	-4.3	%	Quarterly
Netherlands	2.40	Sep/18	3.1	6.1	-4.6	%	Quarterly
South Korea	2.00	Sep/18	2.8	19.6	-7.4	%	Quarterly
Canada	1.90	Jun/18	2.3	9.3	-4.1	%	Quarterly
Euro Area	1.70	Sep/18	2.2	5	-5.5	%	Quarterly
Saudi Arabia	1.61	Jun/18	1.15	24.2	-20.7	%	Quarterly
France	1.50	Sep/18	1.7	12.6	-3.8	%	Quarterly
United Kingdom	1.50	Sep/18	1.2	9.7	-6.1	%	Quarterly
Russia	1.30	Sep/18	1.9	12.1	-11.2	%	Quarterly
Germany	1.10	Sep/18	2	7.2	-6.8	%	Quarterly
Brazil	1.00	Jun/18	1.2	10.1	-5.6	%	Quarterly
Italy	0.80	Sep/18	1.2	10.3	-7.2	%	Quarterly
South Africa	0.40	Jun/18	0.8	7.1	-2.6	%	Quarterly
Japan	0.30	Sep/18	1.4	9.4	-8.8	%	Quarterly
Argentina	-4.20	Jun/18	3.9	16.2	-16.3	%	Quarterly