Markets Actual Q1/23 Q2/23 Q3/23 Q4/23
Currency 4737.40 4848 4987 5131 5279
Stock Market (points) 1106.24 1144 1102 1061 1022
Government Bond 10Y (%) 11.89 12.58 12.88 13.19 13.51

Overview Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Growth Rate (%) 0.70 0.1 0.6 0.7 1
GDP Annual Growth Rate (%) 2.90 1.2 0.7 1.2 1.3
Unemployment Rate (%) 13.70 11.9 11.3 11.1 11
Inflation Rate (%) 13.28 12.55 10.52 8.94 7.39
Inflation Rate MoM (%) 1.66 0.93 0.5 0.3 0.3
Interest Rate (%) 12.75 13 13 11 9.5
Balance of Trade (USD Billion) -1.80 -1.59 -1.34 -1.65 -1.41
Current Account (USD Million) -4987.00 -3000 -3000
Business Confidence (points) 4.20 -5 1 3 5
Consumer Confidence (points) -27.80 -30 -17 -12 5
Current Account to GDP (% of GDP) -5.70 -3.5
Government Debt to GDP (% of GDP) 61.10 60
Government Budget (% of GDP) -7.10 -3.8

GDP Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Growth Rate (%) 0.70 0.1 0.6 0.7 1
GDP Annual Growth Rate (%) 2.90 1.2 0.7 1.2 1.3
GDP Constant Prices (COP Billion) 257792.06 232600 241441 250944 261143
Gross Fixed Capital Formation (COP Billion) 50015.07 46615 46753 49599 50665
GDP from Agriculture (COP Billion) 13931.12 14094 13936 14857 14112
GDP from Construction (COP Billion) 11067.98 11005 10667 11280 11212
GDP from Manufacturing (COP Billion) 30217.43 28266 29219 30904 30610
GDP from Mining (COP Billion) 9567.08 9228 9049 9554 9691
GDP from Transport (COP Billion) 12829.47 11258 12139 12966 12996
GDP from Utilities (COP Billion) 7272.38 6908 7028 7291 7367
GDP (USD Billion) 314.46 345
GDP per Capita (USD) 6418.10 6546
GDP per Capita PPP (USD) 14648.59 14942
Full Year GDP Growth (%) 7.50 2

Labour Actual Q1/23 Q2/23 Q3/23 Q4/23
Unemployment Rate (%) 13.70 11.9 11.3 11.1 11
Unemployed Persons (Thousand ) 3413.00 2941 3085 2840 2702
Employed Persons (Thousand) 21492.00 21992 22088 22424 22837
Employment Rate (%) 54.70 55.1 55.3 55.5 55.5
Labor Force Participation Rate (%) 63.40 63.5 63.5 63.7 63.9
Population (Million) 51.41 52.48
Minimum Wages (COP/Month) 1160000.00 1100000

Prices Actual Q1/23 Q2/23 Q3/23 Q4/23
Inflation Rate (%) 13.28 12.55 10.52 8.94 7.39
Inflation Rate MoM (%) 1.66 0.93 0.5 0.3 0.3
Consumer Price Index CPI (points) 130.40 131 132 134 135
Core Consumer Prices (points) 127.34 128 128 129 130
Core Inflation Rate (%) 12.16 11.6 9.1 6.7 5.2
Producer Prices (points) 187.18 190 192 196 196
Food Inflation (%) 24.14 24 20.5 16 12
CPI Housing Utilities (points) 118.47 125 126 126 125
CPI Transportation (points) 131.09 132 133 133 134
Producer Prices Change (%) 13.17 10.1 6.9 8.5 6.3

Money Actual Q1/23 Q2/23 Q3/23 Q4/23
Interest Rate (%) 12.75 13 13 11 9.5
Interbank Rate (%) 12.66 12.91 12.91 10.91 9.41
Central Bank Balance Sheet (COP Billion) 347138.20 313915 316025 320108
Deposit Interest Rate (%) 8.50 5.25

Trade Actual Q1/23 Q2/23 Q3/23 Q4/23
Balance of Trade (USD Billion) -1.80 -1.59 -1.34 -1.65 -1.41
Current Account (USD Million) -4987.00 -3000 -3000
Imports (USD Billion) 5.53 6.3 6.1 6.4 6.32
Exports (USD Billion) 3.69 4.71 4.76 4.75 4.91
External Debt (USD Million) 184118.11 179608 181248 184528
Remittances (USD Million) 785.02 630 620 650
Imports YoY (%) -8.60 -10.9 -4.2 -4.4 3.4
Exports YoY (%) -2.80 -11 -14.2 -0.5 3.7
Current Account to GDP (% of GDP) -5.70 -3.5

Government Actual Q1/23 Q2/23 Q3/23 Q4/23
Government Budget Value (COP Billion) -9358.08 -4600 -7600 -1400 -15000
Government Spending (COP Billion) 37458.98 40606 40281 39935 37946
Government Revenues (COP Billion) 24429.53 24900 32600 34800 27100
Fiscal Expenditure (COP Billion) 33787.62 29500 40200 36200 42100
Government Debt to GDP (% of GDP) 61.10 60
Government Budget (% of GDP) -7.10 -3.8
Military Expenditure (USD Million) 10180.10 10050

Business Actual Q1/23 Q2/23 Q3/23 Q4/23
Business Confidence (points) 4.20 -5 1 3 5
Industrial Production (%) 0.20 -1 -7.8 -2.2 2
Car Registrations (Units) 13852.00 18550 19783 33000
Leading Economic Index (%) 5.60 0.5 -0.7 -0.5 0.9
Industrial Production Mom (%) -1.10 0.5 0.3 0.3
Cement Production (Tonnes) 1046259.74 1267744 1213053 1288898 1329443
Capacity Utilization (%) 80.36 82 80 80
Manufacturing PMI (points) 49.80 48 49 51 50

Consumer Actual Q1/23 Q2/23 Q3/23 Q4/23
Consumer Confidence (points) -27.80 -30 -17 -12 5
Retail Sales YoY (%) 1.20 2.9 3.5 2.5 2
Consumer Spending (COP Billion) 185025.82 182523 182476 187534 187431
Private Sector Credit (COP Million) 268117.46 290432 349069 316992 271603
Gasoline Prices (USD/Liter) 0.56 0.63 0.65 0.68 0.7
Consumer Credit (COP Billion) 213945.76 192855 202705 211947 216727