Colombia's economy expanded 1.1 percent year-on-year in the first quarter of 2021, following a 3.6 percent drop in the previous period and against market expectations of a 1 percent contraction. It was the first expansion since the COVID-19 outbreak, as manufacturing production rebounded sharply (7.0 percent vs -0.2 percent in Q4) while output advanced further for public administration, defence, education, and health (3.5 percent vs 2.6 percent) and agriculture (3.3 percent vs 2.4 percent). On a seasonally adjusted quarterly basis, the GDP grew 2.9 percent, following a revised 6.1% gain in the previous quarter. source: Dane, Colombia
GDP Annual Growth Rate in Colombia averaged 3.30 percent from 2001 until 2021, reaching an all time high of 7.90 percent in the third quarter of 2011 and a record low of -15.80 percent in the second quarter of 2020. This page provides - Colombia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
GDP Annual Growth Rate in Colombia is expected to be 10.00 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 3.50 in 12 months time. In the long-term, the Colombia GDP Annual Growth Rate is projected to trend around 3.60 percent in 2022 and 3.40 percent in 2023, according to our econometric models.