The economy of Colombia shrank 4.9 percent year-on-year in March 2020, after expanding a downwardly revised 4.6 percent in the previous month. It was the sharpest contraction in economic activity on record amid the coronavirus crisis. Retail & wholesale trade (-12.7 percent vs 10.2 percent in February); manufacturing (-10.4 percent vs 5.0 percent); mining (-9.9 percent vs 5.3 percent); financial activities (-7.9 percent vs 5 percent); entertainment (-11.6 percent vs 1.5 percent); and professional & scientific activities (-0.4 percent vs 4.6 percent) shrank. In addition, growth slowed in agriculture, forestry & fishing (5.6 percent vs 8.4 percent); information & communications (0.5 percent vs 3 percent); real estate (1.9 percent vs 2.8 percent); public administration & defense (1.5 percent vs 2.9 percent) and utilities (0.3 percent vs 6.5 percent).

Leading Economic Index in Colombia averaged 3.98 percent from 2001 until 2020, reaching an all time high of 9.10 percent in August of 2011 and a record low of -4.90 percent in March 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 June of 2020. source: Dane, Colombia

Leading Economic Index in Colombia is expected to be -1.00 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 2.50 in 12 months time. In the long-term, the Colombia Leading Economic Index is projected to trend around 3.60 percent in 2021, according to our econometric models.

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Colombia Leading Economic Index

Actual Previous Highest Lowest Dates Unit Frequency
-4.90 4.60 9.10 -4.90 2001 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-14 07:00 PM Dec 3.6% 2.8% 2.7%
2020-03-20 08:30 PM Jan 3.5% 3.6% 3.2%
2020-04-22 07:00 PM Feb 4.8% 3.5% 3.7%
2020-05-15 07:00 PM Mar -4.9% 4.6% -1.5%
2020-06-23 07:00 PM Apr -4.9% -6%
2020-07-22 07:00 PM May
2020-08-14 07:00 PM Jun -1%
2020-09-22 07:00 PM Jul


News Stream
Colombia Economic Activity Contracts the Most on Record
The economy of Colombia shrank 4.9 percent year-on-year in March 2020, after expanding a downwardly revised 4.6 percent in the previous month. It was the sharpest contraction in economic activity on record amid the coronavirus crisis. Retail & wholesale trade (-12.7 percent vs 10.2 percent in February); manufacturing (-10.4 percent vs 5.0 percent); mining (-9.9 percent vs 5.3 percent); financial activities (-7.9 percent vs 5 percent); entertainment (-11.6 percent vs 1.5 percent); and professional & scientific activities (-0.4 percent vs 4.6 percent) shrank. In addition, growth slowed in agriculture, forestry & fishing (5.6 percent vs 8.4 percent); information & communications (0.5 percent vs 3 percent); real estate (1.9 percent vs 2.8 percent); public administration & defense (1.5 percent vs 2.9 percent) and utilities (0.3 percent vs 6.5 percent).
2020-05-15
Colombia Economic Activity Grows 4.8% YoY
The economy of Colombia grew 4.8 percent year-on-year in February 2020, decelerating from a 3.5 percent expansion in the previous month. Growth was mainly driven by services (up 4.9 percent) and primary activity (up 7.1 percent), while industrial activity expanded 3.1 percent. On a seasonally-adjusted monthly basis, economic activity was flattish after expanding 0.8 percent in January. The print for March is expected to reflect a sharp deterioration incorporating the coronavirus lockdown.
2020-04-22
Colombia Economic Activity Slows to 3.5% YoY
The economy of Colombia grew 3.5 percent year-on-year in January 2020, decelerating slightly from a 3.6 percent expansion in the previous month. Growth was driven by retail, lodging, transport and restaurant services, public administration services and education, real estate and manufacturing activity. On a seasonally-adjusted monthly basis, economic activity expanded 0.4 percent for the second month. The print still does not reflect effects from the coronavirus outbreak.
2020-03-20
Colombia Economic Activity Gains Momentum
The economy of Colombia grew 3.6 percent year-on-year in December of 2019, accelerating from a downwardly revised 2.8 percent expansion in the previous month. Growth was driven by retail, lodging, transport and restaurant services (5.4 percent from 4 percent in November); public administration services and education (8.7 percent from 4.8 percent); agriculture, livestock, hunting, forestry and fishing (4.4 percent from 2.5 percent); real estate (3.8 percent from 2.5 percent) and utilities (3.7 percent from 1.9 percent). Also, manufacturing output rebounded (3.7 percent from -1.4 percent). On a seasonally-adjusted monthly basis, economic activity expanded 0.3 percent, after a 0.1 percent rise in November. Considering 2019 as a whole, economic activity advanced 3.19 percent, well above 2.47 percent for 2018.
2020-02-14

Colombia Leading Economic Index
In Colombia, the leading economic index ISE summarizes the activity of different economic sectors in a given month, anticipating future movements in GDP. The index aggregates the dynamics in economic activities such as production in industry, agriculture and other sectors, accounting for 78.8 percent of total index while dynamics of certain products such as rice, fruit, milk, footwear and drinks account for the remaining 21.2 percent.