Colombia recorded a Current Account deficit of 2712 USD Million in the first quarter of 2020.

Current Account in Colombia averaged -1776.41 USD Million from 1996 until 2020, reaching an all time high of 364 USD Million in the third quarter of 2000 and a record low of -6452 USD Million in the fourth quarter of 2014. This page provides the latest reported value for - Colombia Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Colombia Current Account - values, historical data and charts - was last updated on July of 2020. source: Banco de la República de Colombia

Current Account in Colombia is expected to be -2500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Colombia to stand at -3300.00 in 12 months time. In the long-term, the Colombia Current Account is projected to trend around -3300.00 USD Million in 2021 and -3600.00 USD Million in 2022, according to our econometric models.

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Colombia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-2712.00 -3451.00 364.00 -6452.00 1996 - 2020 USD Million Quarterly

Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -1.25 -1.20 0.81 -1.97 USD Billion [+]
Current Account -2712.00 -3451.00 364.00 -6452.00 USD Million [+]
Current Account to GDP -4.30 -3.90 4.10 -6.30 percent [+]
Imports 3.10 3.59 6.08 0.28 USD Billion [+]
Exports 2.24 1.84 5.71 0.02 USD Billion [+]
External Debt 140231.71 139186.71 140231.71 36431.04 USD Million [+]
Foreign Direct Investment 3588.84 3799.56 6776.22 197.17 USD Million [+]
Capital Flows -2378.35 -3125.52 359.83 -6193.64 USD Million [+]
Remittances 506.70 512.20 944.50 162.44 USD Million [+]
Gold Reserves 13.90 18.92 18.92 3.49 Tonnes [+]
Crude Oil Production 857.00 878.00 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 101.16 90.51 165.96 73.87 points [+]
Terrorism Index 5.91 5.61 7.16 5.58 [+]


Colombia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).