Colombia’s economy expanded by 1.6 percent on a seasonally adjusted quarterly basis in the third quarter of 2022, following a downwardly revised 1.3 percent rise in the previous quarter and well above market estimates of a 0.2 percent increase. source: Dane, Colombia

GDP Growth Rate in Colombia averaged 0.99 percent from 2001 until 2022, reaching an all time high of 10.60 percent in the third quarter of 2020 and a record low of -15.90 percent in the second quarter of 2020. This page provides - Colombia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

GDP Growth Rate in Colombia is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia GDP Growth Rate is projected to trend around 1.00 percent in 2023, according to our econometric models.

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Colombia GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-08-16 04:00 PM Q2 1.5% 1.4% 1.7% 0.5%
2022-11-15 04:00 PM Q3 1.6% 1.3% 0.2% 0.4%

Related Last Previous Unit Reference
GDP Growth Rate 1.60 1.30 percent Sep 2022
GDP Annual Growth Rate 7.00 12.80 percent Sep 2022
GDP Constant Prices 247247.00 239424.00 COP Billion Sep 2022
Gross Fixed Capital Formation 47208.17 44149.21 COP Billion Sep 2022
GDP from Utilities 7228.72 6979.00 COP Billion Sep 2022
GDP from Transport 12687.67 11893.12 COP Billion Sep 2022
GDP from Mining 9422.24 9011.00 COP Billion Sep 2022
GDP from Manufacturing 31128.73 29434.52 COP Billion Sep 2022
GDP from Construction 11797.82 11145.00 COP Billion Sep 2022
GDP from Agriculture 14694.57 13663.00 COP Billion Sep 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.30 10.60 -15.90 2001 - 2022 percent Quarterly