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.

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.

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.

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) in current prices in Colombia amounted to about 418.54 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 372.04 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 115.81 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.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.

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...

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.

Historical chart and dataset showing Colombia gdp growth rate by year from 1961 to 2023.

Full Year GDP Growth in Colombia increased to 1.60 percent in 2024 from 0.70 percent in 2023. This dataset includes a chart with historical data for Colombia Full Year GDP Growth.

Colombia CO: GDP: Growth data was reported at 0.610 % in 2023. This records a decrease from the previous number of 7.289 % for 2022. Colombia CO: GDP: Growth data is updated yearly, averaging 4.135 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 10.801 % in 2021 and a record low of -7.186 % in 2020. Colombia CO: GDP: Growth 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 GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in 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.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

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 CO: GDP: Growth: Gross Value Added: Industry data was reported at -13.566 % in 2020. This records a decrease from the previous number of 0.624 % for 2019. Colombia CO: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 3.648 % from Dec 1966 (Median) to 2020, with 55 observations. The data reached an all-time high of 10.323 % in 1986 and a record low of -13.566 % in 2020. Colombia CO: GDP: Growth: Gross Value Added: Industry 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 for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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.; ; 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 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.

Historical chart and dataset showing Colombia economic growth by year from 2005 to .

Colombia CO: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at 0.204 % in 2023. This records a decrease from the previous number of 6.550 % for 2022. Colombia CO: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 2.084 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 9.541 % in 2021 and a record low of -8.540 % in 2020. Colombia CO: GDP: Growth:(GDP) Gross Domestic Productper 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 GDP per capita based on constant local currency. GDP per capita is gross domestic product divided by midyear population. 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.;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 2024 about Colombia and GDP.

Key information about Colombia Nominal GDP Growth

• Colombia Nominal GDP Growth was reported at 10.746 % in Dec 2024.
• This records an increase from the previous number of 8.687 % for Sep 2024.
• Colombia Nominal GDP Growth data is updated quarterly, averaging 8.497 % from Mar 2001 to Dec 2024, with 96 observations.
• The data reached an all-time high of 29.539 % in Jun 2022 and a record low of -16.784 % in Jun 2020.
• Colombia Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. National Administrative Department of Statistics provides Nominal GDP in local currency based on SNA 2008. Nominal GDP Growth prior to Q1 2006 is based on SNA 1993.

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;

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.

Colombia CO: GDP: Growth: Gross Capital Formation data was reported at -25.852 % in 2023. This records a decrease from the previous number of 16.001 % for 2022. Colombia CO: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 6.915 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 42.985 % in 1992 and a record low of -38.630 % in 1999. Colombia CO: GDP: Growth: 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: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. 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 2008 SNA, net acquisitions of valuables are also considered capital formation.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;