The Gross Domestic Product (GDP) in Colombia expanded 0.60 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Colombia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The growth of the real gross domestic product (GDP) in Colombia was forecast to continuously increase between 2024 and 2029 by in total 1.4 percentage points. The growth is estimated to amount to three percent in 2029. 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.Find more statistics on other topics about Colombia with key insights such as the total population, the national debt, and the gross domestic product per capita.

The Gross Domestic Product (GDP) in Colombia was worth 363.50 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Colombia represents 0.34 percent of the world economy. This dataset provides - Colombia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

The growth of the real gross domestic product (GDP) in Colombia was forecast to continuously increase between 2024 and 2029 by in total 1.4 percentage points. The growth is estimated to amount to three percent in 2029. Following the definition of the International Monetary Fund, this indicator refers to 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.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Guyana, Suriname, and Venezuela.

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.

The gross domestic product (GDP) per capita in Colombia was forecast to continuously increase between 2024 and 2029 by in total 1,477.4 U.S. dollars (+18.66 percent). After the fourth consecutive increasing year, the GDP per capita is estimated to reach 9,394.68 U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more statistics on other topics about Colombia with key insights such as the national debt, the average inflation rate, and the growth of the real the gross domestic product.

Leading Economic Index Colombia increased 2.95 percent in December of 2024 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.

Colombia CO: GDP: Growth: GNI per Capita data was reported at 1.880 % in 2023. This records a decrease from the previous number of 5.841 % for 2022. Colombia CO: GDP: Growth: GNI per Capita data is updated yearly, averaging 2.578 % from Dec 1969 (Median) to 2023, with 55 observations. The data reached an all-time high of 8.797 % in 2021 and a record low of -7.335 % in 2020. Colombia CO: GDP: Growth: GNI per Capita 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: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Graph and download economic data for Gross Domestic Product for Colombia (MKTGDPCOA646NWDB) from 1960 to 2023 about Colombia and GDP.

This statistic shows the share of economic sectors in the gross domestic product (GDP) in Colombia from 2013 to 2023. In 2023, the share of agriculture in Colombia's gross domestic product was 8.72 percent, industry contributed approximately 24.55 percent and the services sector contributed about 56.89 percent.

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Colombia (COLNAEXKP06GPSAQ) from Q2 2005 to Q3 2024 about Colombia, exports, expenditures, services, real, and GDP.

The Gross Domestic Product per capita in Colombia was last recorded at 6819.18 US dollars in 2023. The GDP per Capita in Colombia is equivalent to 54 percent of the world's average. This dataset provides - Colombia GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Colombia (COLNAEXKP01GPSAQ) from Q2 2005 to Q4 2024 about Colombia, expenditures, real, and GDP.

Key information about Colombia Labour Productivity Growth

• Colombia Labour Productivity dropped by 0.16 % YoY in Dec 2024, compared with a growth of 1.51 % in the previous quarter
• Colombia Labour Productivity Growth data is updated quarterly, available from Mar 2002 to Dec 2024, averaging at 1.54 %
• The data reached an all-time high of 13.54 % in Dec 2006 and a record low of -5.16 % in Dec 2009

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

The absolute economic contribution of tourism in Colombia was forecast to continuously increase between 2024 and 2029 by in total 13 billion U.S. dollars (+62.19 percent). After the ninth consecutive increasing year, the economic contribution is estimated to reach 33.8 billion U.S. dollars and therefore a new peak in 2029. Depited is the economic contribution of the tourism sector in the country or region at hand.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).

Colombia CO: GDP: Growth: Imports of Goods and Services data was reported at -14.710 % in 2023. This records a decrease from the previous number of 23.614 % for 2022. Colombia CO: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 7.261 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 41.348 % in 1992 and a record low of -24.681 % in 1999. Colombia CO: GDP: Growth: Imports of Goods and Services 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: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

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.

-6.8 (%) in 2020. Expenditure-based gross domestic product is total final expenditure at purchasers’ prices (including final consumption expenditure, gross fixed capital formation, changes in inventories, valuables and f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.