Markets Actual Q1 Q2 Q3 Q4 2020
Currency 3121.75 3276 3308 3340 3373 3439
Stock Market (points) 1392.95 1311 1297 1283 1269 1242
Government Bond 10Y (%) 7.09 7.17 7.24 7.32 7.4 7.55
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.20 0.4 1 0.7 1.1 1.3
GDP Annual Growth Rate (%) 2.70 2.5 2.8 3.3 3.5 3.3
Unemployment Rate (%) 8.80 9.3 9.2 9.2 9.1 9.2
Inflation Rate (%) 3.18 3.3 3.6 3.4 3.3 3.2
Inflation Rate Mom (%) 0.30 0.4 0.5 0.3 0.3 0.2
Interest Rate (%) 4.25 4.5 4.5 4.75 5 5
Balance of Trade (USD Billion) -1.40 -0.08 -0.22 -0.08 0.8 1.2
Current Account (USD Million) -3109.00 -2000 -2200 -2300 -2200 -2300
Current Account to GDP (%) -3.30 -2.7 -2.7 -2.7 -2.7 -2.8
Government Debt to GDP (%) 48.50 52 52 52 52 53
Government Budget (% of GDP) -3.00 -2.8 -2.8 -2.8 -2.8 -3
Business Confidence (Index Points) -4.30 1.8 3 4.5 3.9 5.4
Consumer Confidence (Index Points) -8.30 -18 -15 -12 -10 4
Retail Sales MoM (%) 11.50 -15 1.66 1.67 1.5 1.6
Corporate Tax Rate (%) 34.00 34 34 34 34 34
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.20 0.4 1 0.7 1.1 1.3
GDP Annual Growth Rate (%) 2.70 2.5 2.8 3.3 3.5 3.3
GDP (USD Billion) 309.19 370 370 370 370 375
GDP Constant Prices (COP Billion) 213273.78 203640 212796 215726 219885 227141
Gross Fixed Capital Formation (COP Billion) 48815.66 46611 47330 49377 50329 51990
GDP per capita (USD) 7600.76 8400 8400 8400 8400 8600
GDP per capita PPP (USD) 13254.95 13530 13530 13530 13530 13900
GDP From Agriculture (COP Billion) 13130.25 13878 13135 13281 13537 13984
GDP From Construction (COP Billion) 15098.69 13103 13660 15446 15567 16080
GDP From Manufacturing (COP Billion) 26334.91 24113 25595 26638 27151 28047
GDP From Mining (COP Billion) 11119.17 10804 11036 11375 11464 11842
GDP From Transport (COP Billion) 10517.16 10088 10447 10638 10843 11201
GDP From Utilities (COP Billion) 6536.00 6152 6302 6611 6739 6961
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 8.80 9.3 9.2 9.2 9.1 9.2
Unemployed Persons (Thousand ) 2156.00 2400 2380 2390 2450 2500
Population (Million) 49.29 50.1 50.1 50.1 50.1 50.6
Wages High Skilled (COP/Month) 2598000.00 2480000 2480000 2480000 2480000 2508498
Wages Low Skilled (COP/Month) 899500.00 834000 834000 834000 834000 850000
Living Wage Family (COP/Month) 1095100.00 1135353 1135353 1135353 1135353 1135353
Living Wage Individual (COP/Month) 782100.00 753328 781232 781232 781232 781232
Employed Persons (Thousand) 22461.64 22790 22803 22800 22801 22800
Employment Rate (%) 57.53 58.45 58.5 58.47 58.49 58.48
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 3.18 3.3 3.6 3.4 3.3 3.2
Inflation Rate Mom (%) 0.30 0.4 0.5 0.3 0.3 0.2
Consumer Price Index CPI (Index Points) 143.27 146 147 147 148 153
Core Consumer Prices (Index Points) 147.51 150 151 152 152 158
Producer Prices (Index Points) 113.86 115 119 124 121 126
Food Inflation (%) 2.43 1.3 1.4 1.4 1.4 1.6
Producer Prices Change (%) 2.31 3.6 4.7 6.5 4.2 4.4
CPI Housing Utilities (Index Points) 148.00 148 151 152 153 158
CPI Transportation (Index Points) 134.06 136 138 138 138 143
Export Prices (Index Points) 108.30 109 109 110 109 109
Import Prices (Index Points) 118.98 117 118 118 118 118
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 4.25 4.5 4.5 4.75 5 5
Interbank Rate (%) 4.25 4.25 4.25 4.25 4.25 4.25
Deposit Interest Rate (%) 6.00 6 6 6 6 6
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Billion) -1.40 -0.08 -0.22 -0.08 0.8 1.2
Current Account (USD Million) -3109.00 -2000 -2200 -2300 -2200 -2300
Current Account to GDP (%) -3.30 -2.7 -2.7 -2.7 -2.7 -2.8
Imports (USD Billion) 5.17 3.75 4 3.85 3.7 3.8
Exports (USD Billion) 3.35 3.6 3.57 3.7 4.5 5
External Debt (USD Million) 129205.89 127100 127150 127200 127150 127000
Terms Of Trade (Index Points) 130.17 93.23 93.07 93.06 92.94 92.56
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 48.50 52 52 52 52 53
Government Budget (% of GDP) -3.00 -2.8 -2.8 -2.8 -2.8 -3
Government Budget Value (COP Billion) -2927.63 -3832 -4277 -3802 -4162 -4053
Government Spending (COP Billion) 33223.94 34201 34010 33988 34254 35384
Government Revenues (COP Billion) 12732.30 11736 12189 12180 12113 12127
Fiscal Expenditure (COP Billion) 15659.93 15568 16465 15982 16275 16180
Military Expenditure (USD Million) 8976.14 9395 9395 9395 9395 9400
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Sales Tax Rate (%) 19.00 19 19 19 19 19
Social Security Rate (%) 30.50 30.5 30.5 30.5 30.5 30.5
Social Security Rate For Companies (%) 20.50 20.5 20.5 20.5 20.5 20.5
Social Security Rate For Employees (%) 10.00 10 10 10 10 10
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) -4.30 1.8 3 4.5 3.9 5.4
Industrial Production (%) 4.70 -0.4 7.2 3 2.4 2.8
Leading Economic Index (%) 2.35 2.8 2.6 2.9 3.3 3.1
Manufacturing Pmi 51.50 52 51.7 52.3 53 54
Cement Production (Tonnes) 1064520.00 1120000 1100000 1108781 1100000 1300000
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) -8.30 -18 -15 -12 -10 4
Retail Sales MoM (%) 11.50 -15 1.66 1.67 1.5 1.6
Retail Sales YoY (%) 10.80 3.8 4.4 5.7 4.2 4.1
Consumer Spending (COP Billion) 147245.34 146225 147418 148939 151810 156820
Gasoline Prices (USD/Liter) 0.78 0.73 0.72 0.7 0.68 0.68


This page has economic forecasts for Colombia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Colombia economy.