Colombia’s GDP expanded 13.2 percent year-on-year in the third quarter of 2021, following a 17.6 percent advance in the previous period and above market expectations of 12.4 percent. The output growth eased in all measured activities, except for information & communication, mainly in manufacturing (18.8 percent vs 32.6 percent in Q2); construction (0.8 percent vs 17.4 percent), public administration, defense, education, and health (8 percent vs 9.1 percent), mining (7.4 percent vs 9.1 percent), and agriculture (3.8 percent vs 3.7 percent). Meanwhile, production accelerated in the information & communication sector (13.2 percent vs 10.3 percent. On a seasonally adjusted quarterly basis, the economy jumped 5.7 percent, after a downwardly revised 2.5 percent fall in Q2. source: Dane, Colombia
GDP Annual Growth Rate in Colombia averaged 3.59 percent from 2001 until 2021, reaching an all time high of 17.60 percent in the second quarter of 2021 and a record low of -15.80 percent in the second quarter of 2020. This page provides - Colombia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
GDP Annual Growth Rate in Colombia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia GDP Annual Growth Rate is projected to trend around 3.60 percent in 2022 and 3.40 percent in 2023, according to our econometric models.