Leading Economic Index Colombia increased 1.14 percent in April of 2025 over the same month in the previous year. This dataset provides - Chile Leading Composite Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Colombia expanded 2.70 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Colombia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Colombia gdp growth rate for 2023 was 0.61%, a 6.68% decline from 2022.

<ul style='margin-top:20px;'>

<li>Colombia gdp growth rate for 2022 was <strong>7.29%</strong>, a <strong>3.51% decline</strong> from 2021.</li>
<li>Colombia gdp growth rate for 2021 was <strong>10.80%</strong>, a <strong>17.99% increase</strong> from 2020.</li>
<li>Colombia gdp growth rate for 2020 was <strong>-7.19%</strong>, a <strong>10.37% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

In 2024, the growth of the real gross domestic product (GDP) in Colombia stood at about 1.74 percent. Between 1980 and 2024, the figure dropped by approximately 2.69 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the growth will rise by around 1.02 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Colombia: Economic growth forecast: The latest value from 2030 is 2.76 percent, unchanged from 2.76 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Colombia from 1980 to 2030 is 3.31 percent. The minimum value, -7.19 percent, was reached in 2020 while the maximum of 10.8 percent was recorded in 2021.

Colombia CO: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 10.892 % in 2023. This records a decrease from the previous number of 11.247 % for 2022. Colombia CO: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 15.991 % from Dec 1965 (Median) to 2023, with 59 observations. The data reached an all-time high of 24.175 % in 1976 and a record low of 10.728 % in 2020. Colombia CO: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Colombia – Table CO.World Bank.WDI: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

The latest data from show economic growth of 2.7 percent, which is an increase from the rate of growth of 2.54 percent in the previous quarter and
an increase compared to the growth rate of 0.27 percent in the same quarter last year. The economic growth time series for Colombia cover the period...

In 2023, Colombia registered a Gross Domestic Product (GDP) of *** billion Colombian pesos. The activity with the highest participation was wholesale and retail commerce with ****** trillion COP.

The Gross Domestic Product (GDP) in Colombia expanded 0.80 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Colombia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Economic growth, quarterly in Colombia, March, 2025 The most recent value is 0.79 percent as of Q1 2025, a decline compared to the previous value of 0.92 percent. Historically, the average for Colombia from Q2 2005 to Q1 2025 is 0.91 percent. The minimum of -16.14 percent was recorded in Q2 2020, while the maximum of 10.22 percent was reached in Q3 2020. | TheGlobalEconomy.com

Colombia economic growth for was $0.00, a 100% decline from 2018.

• Colombia economic growth for 2018 was $752.00, a 0.32% increase from 2018.
• Colombia economic growth for 2018 was $749.62, a 0.75% increase from 2018.
• Colombia economic growth for 2018 was $744.07, a 1.57% increase from 2017.

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

The statistic shows the distribution of employment in Colombia by economic sector from 2013 to 2023. In 2023, 14.44 percent of the employees in Colombia were active in the agricultural sector, 19.98 percent in industry and 65.58 percent in the service sector.

Key information about Colombia Real GDP Growth

• The Gross Domestic Product (GDP) in Colombia expanded 2.9 % YoY in Dec 2022, following a growth of 7.7 % in the previous quarter.
• Real GDP Growth YoY data in Colombia is updated quarterly, available from Mar 2001 to Dec 2022, with an average rate of 3.7 %.
• The data reached an all-time high of 18.6 % in Jun 2021 and a record low of -16.6 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. National Administrative Department of Statistics provides Real GDP in local currency based on SNA 2008, at chain linked 2015 prices. Real GDP Growth prior to Q1 2006 is calculated from Real GDP based on SNA 1993, at chain linked 2005 prices.


Related information about Colombia Real GDP Growth

• In the latest reports, Nominal GDP of Colombia reached 79.5 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 14.0 % in Dec 2022.
• GDP Per Capita in Colombia reached 6,239.3 USD in Dec 2021.
• Its Gross Savings Rate was measured at 8.6 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 14.7 % in Dec 2022.
• Public Consumption accounted for 17.0 % in Dec 2022.
• Private Consumption accounted for 74.5 % in Dec 2022.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Colombia (COLPRINTO01IXOBSAQ) from Q1 1990 to Q4 2023 about Colombia, construction, and production.

The Gross Domestic Product (GDP) in Colombia was worth 418.54 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Colombia represents 0.39 percent of the world economy. This dataset provides - Colombia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The score given to Colombia on the Global Competitiveness Report, a study that assesses the competitiveness level of countries' economies worldwide, has been increasing lately. In 2019, the Colombian economy had a competitiveness index of 62.7 points (in a range from 1 to 100), up from 61.63 points obtained one year before. Still, Chile was deemed the most competitive economy in Latin America.

Colombia: Financial institutions development, efficiency: The latest value from 2021 is 0.595 index points, an increase from 0.558 index points in 2020. In comparison, the world average is 0.585 index points, based on data from 178 countries. Historically, the average for Colombia from 1980 to 2021 is 0.42 index points. The minimum value, 0.226 index points, was reached in 1980 while the maximum of 0.606 index points was recorded in 2015.

Colombia: Financial markets development, efficiency: The latest value from 2021 is 0.116 index points, unchanged from 0.116 index points in 2020. In comparison, the world average is 0.325 index points, based on data from 93 countries. Historically, the average for Colombia from 1980 to 2021 is 0.149 index points. The minimum value, 0.043 index points, was reached in 1992 while the maximum of 0.343 index points was recorded in 2006.

Colombia: Financial system deposits, percent of GDP: The latest value from 2021 is 31.01 percent, an increase from 30.47 percent in 2020. In comparison, the world average is 69.41 percent, based on data from 138 countries. Historically, the average for Colombia from 1960 to 2021 is 21.03 percent. The minimum value, 13.01 percent, was reached in 2001 while the maximum of 31.01 percent was recorded in 2021.

Colombia: Financial markets development: The latest value from 2021 is 0.302 index points, a decline from 0.306 index points in 2020. In comparison, the world average is 0.239 index points, based on data from 158 countries. Historically, the average for Colombia from 1980 to 2021 is 0.195 index points. The minimum value, 0.04 index points, was reached in 1992 while the maximum of 0.323 index points was recorded in 2012.