Colombia's gross domestic product expanded by 1.4 percent on quarter in the first three months of 2023, more than market expectations of a 0.8 percent advance. source: Dane, Colombia

GDP Growth Rate in Colombia averaged 0.97 percent from 2001 until 2023, reaching an all time high of 10.60 percent in the third quarter of 2020 and a record low of -15.90 percent in the second quarter of 2020. This page provides - Colombia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

GDP Growth Rate in Colombia is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia GDP Growth Rate is projected to trend around 1.00 percent in 2024, according to our econometric models.

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Colombia GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-15 04:00 PM Q4 0.7% 0.5% -0.3% -0.5%
2023-05-15 04:00 PM Q1 1.4% 0.4% 0.8% 0.1%
2023-08-15 04:00 PM Q2 1.4% 0.6%


Related Last Previous Unit Reference
GDP Growth Rate 1.40 0.40 percent Mar 2023
GDP Annual Growth Rate 3.00 2.10 percent Mar 2023
GDP Constant Prices 237271.91 257792.06 COP Billion Mar 2023
Gross Fixed Capital Formation 47931.69 50015.07 COP Billion Mar 2023
GDP from Utilities 6886.99 7272.38 COP Billion Mar 2023
GDP from Transport 11894.15 12829.47 COP Billion Mar 2023
GDP from Mining 9422.78 9567.08 COP Billion Mar 2023
GDP from Manufacturing 27902.48 30217.43 COP Billion Mar 2023
GDP from Construction 10506.73 11067.98 COP Billion Mar 2023
GDP from Agriculture 13986.45 13931.12 COP Billion Mar 2023

Colombia GDP Growth Rate
Colombia is the fourth biggest economy in Latin America. In recent years, the country has been growing rapidly, mostly due to a rise in exports of commodities such as oil, coal and coffee. The biggest and the fastest growing sector of Colombian economy is services (53 percent of GDP) including: financing, insurance, real estate and business services; community, social and personal services; trade, repairs, restaurants and hotels and transport, warehousing and communication. Manufacturing, mining and quarrying create 20 percent of the wealth. Other sectors include: government (10 percent), agriculture, hunting, forestry and fishing (6.3 percent); construction (6 percent) and electricity, gas and water distribution (4 percent).
Actual Previous Highest Lowest Dates Unit Frequency
1.40 0.40 10.60 -15.90 2001 - 2023 percent Quarterly
SA, WDA