The economy of Colombia grew 2.24 percent year-on-year in November of 2018, down from a downwardly revised 2.31 percent expansion in the previous month. During the January-November period, the economy advanced 2.50 percent, slower than a 2.52 percent gain through October but faster that a 1.49 percent rise in the first eleven months of 2017. On a monthly basis, economic activity expanded 0.66 percent in November, after shrinking a downwardly revised 0.18 percent in the previous month. Leading Economic Index in Colombia averaged 3.93 percent from 2001 until 2018, reaching an all time high of 9.57 percent in August of 2011 and a record low of -1.50 percent in November of 2008.
Leading Economic Index in Colombia is expected to be 2.80 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 3.30 in 12 months time. In the long-term, the Colombia Leading Economic Index is projected to trend around 2.80 percent in 2020, according to our econometric models.