Markets Actual Q4 Q1 Q2 Q3 2023
Currency 4830.64 4994 5129 5269 5412 5711
Stock Market (points) 1240.99 1217 1169 1123 1079 997
Government Bond 10Y (%) 13.30 13.56 13.86 14.18 14.5 15.17

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 1.60 0.9 0.5 0.6 0.7 1
GDP Annual Growth Rate (%) 7.00 0.8 1.9 2.1 1.8 2.5
Unemployment Rate (%) 10.70 11.2 11.5 11.7 11.3 11
Inflation Rate (%) 12.22 12 9.58 8.64 6.46 5.07
Inflation Rate MoM (%) 0.72 0.5 0.4 0.3 0.3 0.2
Interest Rate (%) 11.00 12 12 12 10 8.5
Balance of Trade (USD Billion) -1.92 -2.2 -2.21 -2.22 0.49 -2.25
Current Account (USD Million) -5039.00 -2500 -3000 -3000 -3000 -3000
Current Account to GDP (% of GDP) -5.70 -3.5 -3.5 -3.5 -3.5 -3.5
Government Debt to GDP (% of GDP) 64.50 61 59 59 59 59
Government Budget (% of GDP) -7.10 -4.5 -2 -2 -2 -2
Business Confidence (points) -0.40 -3 -5 1 3 5
Consumer Confidence (points) -19.50 -10 -7 -1 3 5
Retail Sales MoM (%) -1.30 4 3 3 3 4
Corporate Tax Rate (%) 35.00 34 35 35 35 35
Personal Income Tax Rate (%) 39.00 39 39 39 39 39

GDP Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 1.60 0.9 0.5 0.6 0.7 1
GDP Annual Growth Rate (%) 7.00 0.8 1.9 2.1 1.8 2.5
GDP (USD Billion) 314.30 333 345 345 345 345
GDP Constant Prices (COP Billion) 247247.00 255702 231942 244452 251697 262094
Gross Fixed Capital Formation (COP Billion) 47208.17 40954 44817 45076 48058 41978
GDP per Capita (USD) 6443.00 6817 7062 7062 7062 7062
GDP per Capita PPP (USD) 14705.00 14930 15158 15158 15158 15158
Full Year GDP Growth (%) 10.70 8 1.5 1.5 1.5 1.5
GDP from Agriculture (COP Billion) 14694.57 14729 14143 13950 14959 15097
GDP from Construction (COP Billion) 11797.82 11918 11566 11379 12010 12216
GDP from Manufacturing (COP Billion) 31128.73 30297 28761 30053 31689 31055
GDP from Mining (COP Billion) 9422.24 9813 9303 9200 9592 10058
GDP from Transport (COP Billion) 12687.67 11805 11259 12143 12916 12100
GDP from Utilities (COP Billion) 7228.72 7242 6955 7126 7359 7423

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 10.70 11.2 11.5 11.7 11.3 11
Unemployed Persons (Thousand ) 2696.32 2500 2500 2500 2500 2500
Population (Million) 51.41 51.95 52.48 52.48 52.48 52.48
Employed Persons (Thousand) 22389.33 21600 21600 21600 21600 21800
Employment Rate (%) 57.25 55.3 55.3 55.3 55.3 55.5
Labor Force Participation Rate (%) 63.50 64 63 62 62 63
Minimum Wages (COP/Month) 1000000.00 1000000 1000000 1100000 1100000 1100000

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 12.22 12 9.58 8.64 6.46 5.07
Inflation Rate MoM (%) 0.72 0.5 0.4 0.3 0.3 0.2
Consumer Price Index CPI (points) 123.51 125 127 130 131 131
Core Consumer Prices (points) 121.30 121 122 122 124 124
Core Inflation Rate (%) 10.84 9.2 6.1 4.3 3 3
Producer Prices (points) 183.47 183 185 186 188 189
Food Inflation (%) 27.00 25 18 15 12 10
Import Prices (points) 171.29 158 158 158 158 165
Export Prices (points) 204.34 180 180 180 180 185
CPI Housing Utilities (points) 116.20 122 122 123 123 129
CPI Transportation (points) 120.49 121 122 122 122 123
Producer Prices Change (%) 25.52 21 7 3.4 3.1 3

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 11.00 12 12 12 10 8.5
Interbank Rate (%) 10.99 11.99 11.99 11.99 9.99 8.49
Money Supply M0 (COP Billion) 105899.90 115400 115400 115400 115400 126600
Money Supply M1 (COP Billion) 180473.93 205500 205500 205500 205500 230000
Money Supply M3 (COP Billion) 737087.63 710700 710700 710700 710700 780500
Foreign Exchange Reserves (USD Million) 56380.08 62000 62000 62000 62000 64500
Deposit Interest Rate (%) 2.10 3.1 3.1 3.1 1.1 -0.4
Central Bank Balance Sheet (COP Billion) 357881.30 311261 313915 316025 316025 320108
Money Supply M2 (COP Billion) 684961.90 650900 650900 650900 650900 690300

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (USD Billion) -1.92 -2.2 -2.21 -2.22 0.49 -2.25
Current Account (USD Million) -5039.00 -2500 -3000 -3000 -3000 -3000
Current Account to GDP (% of GDP) -5.70 -3.5 -3.5 -3.5 -3.5 -3.5
Imports (USD Billion) 6.70 6.88 6.91 6.94 6.98 7.01
Exports (USD Billion) 4.78 4.68 4.7 4.72 7.47 4.76
External Debt (USD Million) 177239.89 177968 179608 181248 181248 184528
Foreign Direct Investment (USD Million) 4773.07 3000 3000 3000 3000 3200
Capital Flows (USD Million) -5163.65 -4900 -4900 -4900 -4900 -5000
Remittances (USD Million) 750.95 600 630 620 620 650
Exports YoY (%) 26.00 3 -5 2 2 3
Terms of Trade (points) 153.01 145 145 145 145 145

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 64.50 61 59 59 59 59
Government Budget (% of GDP) -7.10 -4.5 -2 -2 -2 -2
Government Budget Value (COP Billion) -9358.08 -16300 -5500 -5500 -5500 -16000
Government Spending (COP Billion) 40756.80 40938 41637 41732 41490 41962
Government Revenues (COP Billion) 24429.53 13000 13000 13000 13000 13000
Fiscal Expenditure (COP Billion) 33787.62 18500 18500 18500 18500 18500
Military Expenditure (USD Million) 10180.10 10300 10300 10300 10300 10050

Taxes Actual Q4 Q1 Q2 Q3 2023
Corporate Tax Rate (%) 35.00 34 35 35 35 35
Personal Income Tax Rate (%) 39.00 39 39 39 39 39
Sales Tax Rate (%) 19.00 19 19 19 19 19
Social Security Rate (%) 30.50 30.5 30.5 30.5 30.5 30.5
Social Security Rate For Companies (%) 20.50 20.5 20.5 20.5 20.5 20.5
Social Security Rate For Employees (%) 10.00 10 10 10 10 10

Business Actual Q4 Q1 Q2 Q3 2023
Business Confidence (points) -0.40 -3 -5 1 3 5
Industrial Production (%) 6.90 8.4 4.2 7.3 3.7 1.5
Total Vehicle Sales (Units) 11436.00 10800 10800 10800 10800 11600
Car Registrations 23306.00 29008 18550 19783 19783 33000
Leading Economic Index (%) 4.20 6.7 7.4 2.8 2.6 2
Industrial Production Mom (%) 0.20 0.5 0.5 0.3 0.3 0.3
Cement Production (Tonnes) 1279915.98 1278814 1396189 1399624 1431957 1377412
Capacity Utilization (%) 81.68 81 82 80 80 80
Manufacturing PMI (points) 50.00 48 47 50 51 50

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Confidence (points) -19.50 -10 -7 -1 3 5
Retail Sales MoM (%) -1.30 4 3 3 3 4
Retail Sales YoY (%) 7.20 3 2.9 3.5 2.5 2
Consumer Spending (COP Billion) 183284.20 177597 183174 190616 186583 182037
Private Sector Credit (COP Million) 338003.98 272316 292441 353922 344088 279124
Gasoline Prices (USD/Liter) 0.51 0.54 0.56 0.58 0.61 0.65
Households Debt to GDP (% of GDP) 30.02 32.5 32.5 32.5 32.5 33
Consumer Credit (COP Billion) 206476.83 182313 194189 205523 210193 186870

Housing Actual Q4 Q1 Q2 Q3 2023
Housing Index (points) 114.06 110 110 110 110 114