The Colombian economy advanced 2.8% year-on-year in the second quarter of 2018, following a 2.2% expansion in the previous period and slightly above market expectations of 2.7%. It was the highest growth rate since the third quarter of 2015. Output advanced faster for professional activities (6.6% from 5.8% in Q1); agriculture (5.9% from 2.5%); utilities (2.3% from 1.1%) and it rebounded for manufacturing (3.7% from -2.0%). On the other hand, production slowed for finance & insurance (2.7% from 4.8%); real estate (2.1% from 2.3%); internal trade (3.6% from 2.8%); public administration (5.3% from 5.9%). Additionally, activity contracted for mining (-2.7% from -4.0%) and construction (-7.6% from -3.9%). On a quarterly basis, the GDP expanded 0.6% compared to an upwardly revised 0.9% increase in the first quarter. GDP Annual Growth Rate in Colombia averaged 3.95 percent from 2001 until 2018, reaching an all time high of 8.50 percent in the third quarter of 2011 and a record low of 0.30 percent in the fourth quarter of 2008.

Colombia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-15 04:00 PM GDP Growth Rate YoY 1.6% 2.3% 2% 1.4%
2018-05-15 04:00 PM GDP Growth Rate YoY 2.2% 1.8% 2.3% 2.40%
2018-08-15 04:20 PM GDP Growth Rate YoY 2.8% 2.2% 2.7% 2.50%
2018-11-15 04:00 PM GDP Growth Rate YoY 2.8% 2.7% 2.6%


Colombia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.90 3.50 -2.60 percent [+]
GDP Annual Growth Rate 2.80 2.20 8.50 0.30 percent [+]
GDP 309.19 280.10 380.19 4.00 USD Billion [+]
GDP Constant Prices 209544.60 200940.67 226871.85 100710.10 COP Billion [+]
Gross Fixed Capital Formation 46630.36 45967.89 46630.36 9542.00 COP Billion [+]
GDP per capita 7600.76 7531.98 7600.76 2213.22 USD [+]
GDP per capita PPP 13254.95 13135.01 13254.95 7533.52 USD [+]
GDP From Agriculture 12945.80 13688.80 13688.80 5454.00 COP Billion [+]
GDP From Construction 13046.86 12701.07 16596.99 2927.00 COP Billion [+]
GDP From Manufacturing 25216.70 23780.29 27123.93 9441.00 COP Billion [+]
GDP From Mining 10709.40 10479.27 12838.88 4899.00 COP Billion [+]
GDP From Transport 10258.45 9922.89 10748.81 4460.00 COP Billion [+]
GDP From Utilities 6210.00 6066.00 6387.00 2895.00 COP Billion [+]


Colombia GDP Annual Growth Rate

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). This page provides - Colombia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.20 8.50 0.30 2001 - 2018 percent Quarterly




Country Last
India 8.20 Jun/18
China 6.50 Sep/18
Turkey 5.20 Jun/18
Indonesia 5.17 Sep/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 3.10 Jun/18
United States 3.00 Sep/18
Mexico 2.60 Sep/18
Singapore 2.60 Sep/18
Spain 2.50 Sep/18
Germany 2.00 Jun/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
Euro Area 1.70 Sep/18
Saudi Arabia 1.61 Jun/18
France 1.50 Sep/18
United Kingdom 1.50 Sep/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
Italy 0.80 Sep/18
South Africa 0.40 Jun/18
Argentina -4.20 Jun/18


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