Colombia Crude Oil Production - Forecast

Crude Oil Production in Colombia is expected to be 809.35 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Colombia to stand at 804.01 in 12 months time. In the long-term, the Colombia Crude Oil Production is projected to trend around 785.25 BBL/D/1K in 2020, according to our econometric models.


Colombia Crude Oil Production
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Colombia Trade Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 0.31 -0.8 -0.9 -0.9 -0.8 -0.7
Exports 3.95 5.2 5.4 5.7 6.3 6.6
Imports 3.64 4 4.1 3.9 3.8 4
Current Account -2589 -2700 -2700 -2650 -2650 -2550
Current Account to GDP -4.4 -4.2 -4.2 -4.2 -4.2 -3.5
External Debt 123843 114564 109125 103956 99046 56204
Foreign Direct Investment 4868 3355 3464 3345 3220 2678
Capital Flows -2342 -2553 -2479 -2421 -2416 -2234
Remittances 522 485 485 490 490 540
Gold Reserves 6.69 7.04 7.35 7.64 7.84 8.43
Crude Oil Production 804 809 808 806 804 785
Terms Of Trade 130 129 128 128 127 121
Terrorism Index 5.6 6 6 6 6 6