The gross domestic product (GDP) in current prices in Colombia was forecast to continuously increase between 2024 and 2029 by in total 94 billion U.S. dollars (+22.53 percent). After the ninth consecutive increasing year, the GDP is estimated to reach 511.23 billion U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more statistics on other topics about Colombia with key insights such as the budget balance in relation to the gross domestic product, the gross domestic product per capita, and the national debt.

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.

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.

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.

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. 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.

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.

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

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.

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.

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

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.

Colombia CO: GDP: % of GDP: Gross Capital Formation data was reported at 12.812 % in 2023. This records a decrease from the previous number of 19.744 % for 2022. Colombia CO: GDP: % of GDP: Gross Capital Formation data is updated yearly, averaging 19.819 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 25.799 % in 1995 and a record low of 12.812 % in 2023. Colombia CO: GDP: % of GDP: Gross Capital Formation 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. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Colombia (COLNAEXKP07GYSAQ) from Q1 2006 to Q3 2024 about Colombia, imports, expenditures, services, real, and GDP.

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;

In 2023, Colombia registered a Gross Domestic Product (GDP) of 978 billion Colombian pesos. The activity with the highest participation was wholesale and retail commerce with 168.83 trillion COP.

Key information about Colombia Public Consumption: % of GDP

• Colombia Public Consumption accounted for 17.9 % of its Nominal GDP in Dec 2024, compared with a share of 13.5 % in the previous quarter.
• Colombia Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 2005 to Dec 2024, with an average number of 13.7 %.
• The data reached an all-time high of 21.7 % in Dec 2020 and a record low of 11.2 % in Mar 2023.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. National Administrative Department of Statistics provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Colombia Public Consumption: % of GDP

• In the latest reports, Colombia GDP expanded 3.0 % YoY in Mar 2023.
• Colombia Nominal GDP reached 82.4 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 10.5 % in Mar 2023.
• Colombia GDP Per Capita reached 6,239.3 USD in Dec 2021.
• Its Gross Savings Rate was measured at 16.7 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 22.2 % in Mar 2023.
• Private Consumption accounted for 72.8 % in Dec 2024.

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.

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: Less: Imports of Goods and Services for Colombia (COLNAEXKP07STSAQ) from Q1 2005 to Q3 2023 about Colombia, imports, expenditures, services, real, and GDP.