Colombia recorded a Current Account deficit of 4.30 percent of the country's Gross Domestic Product in 2019. source: Banco de la República de Colombia

Current Account to GDP in Colombia averaged -2.29 percent from 1980 until 2019, reaching an all time high of 4.10 percent in 1991 and a record low of -6.30 percent in 2015. This page provides - Colombia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Current Account to GDP - values, historical data and charts - was last updated on February of 2021.

Current Account to GDP in Colombia is expected to reach -4.10 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Current Account to GDP is projected to trend around -3.90 percent in 2021 and -3.60 percent in 2022, according to our econometric models.

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Colombia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.30 -3.90 4.10 -6.30 1980 - 2019 percent Yearly

Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -1.10 -1.70 0.81 -1.97 USD Billion [+]
Current Account -1774.00 -1693.00 364.00 -6452.00 USD Million [+]
Current Account to GDP -4.30 -3.90 4.10 -6.30 percent [+]
Imports 4.14 4.19 6.08 0.28 USD Billion [+]
Exports 3.03 2.53 5.71 0.02 USD Billion [+]
External Debt 147821.92 147285.33 150505.41 36431.04 USD Million [+]
Foreign Direct Investment 588.62 1340.43 6776.22 197.17 USD Million [+]
Capital Flows -1181.22 -2278.72 359.83 -6193.64 USD Million [+]
Remittances 645.90 593.20 944.50 162.44 USD Million [+]
Gold Reserves 4.14 4.14 18.92 3.49 Tonnes [+]
Crude Oil Production 824.06 796.51 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 118.63 118.69 165.96 73.87 points [+]
Terrorism Index 6.10 5.91 7.16 5.58 [+]


Colombia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.