Colombia recorded a Current Account deficit of 3.80 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Colombia averaged -2.24 percent from 1980 until 2018, reaching an all time high of 4.10 percent in 1991 and a record low of -6.40 percent in 2015. This page provides - Colombia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Banco de la República de Colombia

Current Account to GDP in Colombia is expected to be -3.70 percent by the end of this quarter, 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 -3.60 percent in 2020, according to our econometric models.


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Colombia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.80 -3.30 4.10 -6.40 1980 - 2018 percent Yearly

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.

Colombia Trade Last Previous Highest Lowest Unit
Balance of Trade -1.87 -1.01 0.81 -1.97 USD Billion [+]
Current Account -3917.00 -2887.00 364.00 -6452.00 USD Million [+]
Current Account to GDP -3.80 -3.30 4.10 -6.40 percent [+]
Imports 4.76 4.33 6.08 0.28 USD Billion [+]
Exports 2.89 3.32 5.71 0.02 USD Billion [+]
External Debt 137633.12 136184.39 137633.12 36431.04 USD Million [+]
Foreign Direct Investment 3330.18 4050.97 6776.22 197.17 USD Million [+]
Capital Flows -3219.49 -3273.06 359.83 -6193.64 USD Million [+]
Remittances 596.90 555.80 944.50 162.44 USD Million [+]
Gold Reserves 18.92 18.92 18.92 3.49 Tonnes [+]
Crude Oil Production 884.00 882.00 1035.00 356.00 BBL/D/1K [+]
Terms Of Trade 135.41 133.52 165.96 73.87 points [+]
Terrorism Index 5.91 5.61 7.16 5.58 [+]