Markets Actual Q4 Q1 Q2 Q3 2022
Currency 3951.80 4038 4076 4114 4152 4230
Stock Market (points) 1437.52 1283 1248 1214 1181 1118
Government Bond 10Y (%) 8.28 8.48 8.62 8.77 8.92 9.22

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 5.70 0.5 0.5 0.3 0.3 0.8
GDP Annual Growth Rate (%) 13.20 5 2.5 2.9 2 3.6
Unemployment Rate (%) 11.80 13.8 13 12.8 12.8 12.1
Inflation Rate (%) 4.58 4.4 3.6 2.8 2.5 3
Inflation Rate Mom (%) 0.01 0.4 0.3 0.3 0.3 0.3
Interest Rate (%) 2.50 2.75 3 3.25 3.5 3.75
Balance of Trade (USD Billion) -2.20 0.2 -1.1 -1.2 -1.3 -1.2
Current Account (USD Million) -4636.00 -3747 -3785 -3823 -3823 -3900
Current Account to GDP (% of GDP) -3.40 -3.5 -3.8 -3.8 -3.8 -3.8
Government Debt to GDP (% of GDP) 62.80 64 64 64 64 64
Government Budget (% of GDP) -7.80 -8.5 -3.5 -3.5 -3.5 -3.5
Business Confidence (points) 12.20 5.5 3.7 4.1 5 5.5
Consumer Confidence (points) -1.30 3 5 8 8 6
Retail Sales MoM (%) 8.30 4.3 3.1 2.5 2.5 4
Corporate Tax Rate (%) 31.00 34 34 34 34 34
Personal Income Tax Rate (%) 39.00 33 39 39 39 39

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 5.70 0.5 0.5 0.3 0.3 0.8
GDP Annual Growth Rate (%) 13.20 5 2.5 2.9 2 3.6
GDP (USD Billion) 271.40 310 310 310 310 320
GDP Constant Prices (COP Billion) 230971.45 257379 213925 219307 235591 250204
Gross Fixed Capital Formation (COP Billion) 40530.21 53244 46873 39543 41341 41905
GDP per capita (USD) 5889.22 7700 7700 7700 7700 7800
GDP per capita PPP (USD) 13441.49 14350 14350 14350 14350 14480
GDP From Agriculture (COP Billion) 14892.83 14720 14589 13903 15191 15551
GDP From Construction (COP Billion) 10580.15 19071 11363 10704 10792 11699
GDP From Manufacturing (COP Billion) 29977.89 30049 26622 25871 30577 29610
GDP From Mining (COP Billion) 9142.07 12225 9085 9194 9325 9822
GDP From Transport (COP Billion) 10662.54 12386 9412 9246 10876 10344
GDP From Utilities (COP Billion) 7057.00 7437 6677 6670 7198 7415

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 11.80 13.8 13 12.8 12.8 12.1
Unemployed Persons (Thousand ) 2957.00 3200 3050 3100 3100 3200
Population (Million) 50.88 51.45 51.45 51.45 51.45 51.99
Employed Persons (Thousand) 22128.00 22500 21700 21700 21700 22500
Employment Rate (%) 54.60 52 51.7 51.7 51.7 53
Labor Force Participation Rate (%) 61.93 61 60.7 60.7 60.7 62
Minimum Wages (COP/Month) 908526.00 908526 970000 970000 970000 970000

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 4.58 4.4 3.6 2.8 2.5 3
Inflation Rate Mom (%) 0.01 0.4 0.3 0.3 0.3 0.3
Consumer Price Index CPI (points) 110.06 110 111 112 113 113
Core Consumer Prices (points) 109.44 111 109 110 111 110
Core Inflation Rate (%) 3.69 2 1.8 1.8 1.8 2.3
Producer Prices (points) 145.75 131 153 154 156 157
Food Inflation (%) 12.40 3.7 3.2 3.2 3.2 4
Import Prices (points) 142.77 130 130 130 130 128
Export Prices (points) 154.14 114 114 114 114 113
CPI Housing Utilities (points) 108.56 110 110 110 111 113
CPI Transportation (points) 109.31 110 110 110 111 111
Producer Prices Change (%) 21.95 23.9 18.2 12.5 9.5 5.5

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 2.50 2.75 3 3.25 3.5 3.75
Interbank Rate (%) 2.58 2.83 3.08 3.33 3.58 3.83
Money Supply M0 (COP Billion) 96043.45 91200 90800 90800 90800 90000
Money Supply M1 (COP Billion) 171887.48 125000 117000 117000 117000 105000
Money Supply M3 (COP Billion) 650349.74 580000 565000 565000 565000 555000
Foreign Exchange Reserves (USD Million) 58823.31 57300 56900 56900 56900 56800
Deposit Interest Rate (%) 3.38 6 3.88 4.13 4.38 4.63
Central Bank Balance Sheet (COP Billion) 277682.40 283163 287327 291492 291492 299821
Money Supply M2 (COP Billion) 598674.41 530000 522000 522000 522000 500000

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Billion) -2.20 0.2 -1.1 -1.2 -1.3 -1.2
Current Account (USD Million) -4636.00 -3747 -3785 -3823 -3823 -3900
Current Account to GDP (% of GDP) -3.40 -3.5 -3.8 -3.8 -3.8 -3.8
Imports (USD Billion) 5.73 4.5 4.3 4.3 4.3 4.6
Exports (USD Billion) 3.57 3 3.2 3.1 3 3.4
External Debt (USD Million) 165167.50 150600 151300 151300 151300 151500
Foreign Direct Investment (USD Million) 2703.07 2700 1800 1800 1800 3000
Capital Flows (USD Million) -4149.21 -2650 -1800 -1800 -1800 -2800
Remittances (USD Million) 654.50 610 540 540 540 630

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 62.80 64 64 64 64 64
Government Budget (% of GDP) -7.80 -8.5 -3.5 -3.5 -3.5 -3.5
Government Budget Value (COP Billion) -9709.60 -4047 -7700 -7700 -7700 -5500
Government Spending (COP Billion) 44216.74 37720 38674 41281 45101 40672
Government Revenues (COP Billion) 20187.85 12600 11400 11400 11400 13000
Fiscal Expenditure (COP Billion) 23485.27 18900 19100 19100 19100 18500
Military Expenditure (USD Million) 10133.00 10100 10300 10300 10300 10300

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 31.00 34 34 34 34 34
Personal Income Tax Rate (%) 39.00 33 39 39 39 39
Sales Tax Rate (%) 19.00 19 19 19 19 19
Social Security Rate (%) 30.50 30.5 30.5 30.5 30.5 30.5
Social Security Rate For Companies (%) 20.50 20.5 20.5 20.5 20.5 20.5
Social Security Rate For Employees (%) 10.00 10 10 10 10 10

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) 12.20 5.5 3.7 4.1 5 5.5
Industrial Production (%) 15.50 7 3 2 2 3.5
Total Vehicle Sales (Units) 7940.00 9000 8500 8900 8900 9600
Car Registrations 20417.00 25000 24700 24700 24700 26000
Leading Economic Index (%) 12.90 5 2.4 2.5 2.5 3.9
Cement Production (Tonnes) 1229149.66 1190000 1165000 1150000 1150000 1250000
Capacity Utilization (%) 80.74 80.7 78 78 78 81
Industrial Production Mom (%) 5.60 1 1.2 1.2 1.2 1.4
Manufacturing PMI (points) 54.90 52.5 51.8 52 52 53

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) -1.30 3 5 8 8 6
Retail Sales MoM (%) 8.30 4.3 3.1 2.5 2.5 4
Retail Sales YoY (%) 15.30 6 4 4 4 4.5
Consumer Spending (COP Billion) 166927.16 164822 161750 167071 170266 164928
Private Sector Credit (COP Million) 289063.60 267539 272601 347801 306168 277171
Gasoline Prices (USD/Liter) 0.60 0.68 0.54 0.51 0.49 0.46
Households Debt To GDP (% of GDP) 31.97 28.3 28.3 28.3 28.3 28
Consumer Credit (COP Billion) 171204.83 150006 165684 168708 174629 174482

Housing Actual Q4 Q1 Q2 Q3 2022
Housing Index (points) 103.12 148 150 150 150 155


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Colombia Forecast - was last updated on Wednesday, December 1, 2021.