The economy of Colombia shrank 2.5 percent year-on-year in December of 2020, following an upwardly revised 3.8 percent decline in the previous month. It was the softest contraction in economic activity since March when the pandemic started to hit the economy. The services sector declined 0.1 percent, much softer than a 1.2 percent fall in November. Also, primary activities went down 4 percent, following a 9.2 percent contraction. Meantime, industrial activities plunged 10.5 percent, slightly faster than a 10.4 percent slump in the previous month. source: Dane, Colombia
Leading Economic Index in Colombia averaged 3.47 percent from 2001 until 2020, reaching an all time high of 9.10 percent in August of 2011 and a record low of -21.70 percent in April of 2020. This page provides - Chile Leading Composite Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Leading Economic Index - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Leading Economic Index in Colombia is expected to be -2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Colombia to stand at 3.90 in 12 months time. In the long-term, the Colombia Leading Economic Index is projected to trend around 3.90 percent in 2022 and 3.60 percent in 2023, according to our econometric models.