Markets Actual Q3 Q4 Q1 Q2 2021
Currency 3790.25 3810 3843 3876 3909 3976
Stock Market (points) 1153.28 1124 1101 1079 1057 1013
Government Bond 10Y (%) 5.22 5.34 5.43 5.52 5.6 5.78

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -14.90 11 0.5 0.7 0.9 0.9
GDP Annual Growth Rate (%) -15.70 -6 -1.5 1.5 2.1 3.2
Unemployment Rate (%) 19.80 21 20.5 19.5 19 17.7
Inflation Rate (%) 1.97 3.2 3.3 3.2 3.2 3.1
Inflation Rate Mom (%) 0.00 0.2 0.2 0.1 0.1 0.2
Interest Rate (%) 2.25 2.25 2.25 2.25 2.5 2.75
Balance of Trade (USD Billion) -0.62 -0.5 1.2 -0.7 -0.4 0.2
Current Account (USD Million) -2712.00 -2800 -3000 -3300 -3400 -3300
Current Account to GDP (%) -4.30 -4.1 -4.1 -3.9 -3.9 -3.9
Government Debt to GDP (%) 48.40 55 55 53 53 53
Government Budget (% of GDP) -2.50 -4 -4 -3.5 -3.5 -3.5
Business Confidence (points) -20.80 -20 -10 2 4 7.5
Consumer Confidence (points) -32.70 -28 -18 -10 -5 3
Retail Sales MoM (%) 35.00 -5 -2 6 5 4.3
Corporate Tax Rate (%) 33.00 33 33 33 33 33
Personal Income Tax Rate (%) 39.00 39 39 39 39 39

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -14.90 11 0.5 0.7 0.9 0.9
GDP Annual Growth Rate (%) -15.70 -6 -1.5 1.5 2.1 3.2
GDP (USD Billion) 323.80 300 300 310 310 310
GDP Constant Prices (COP Billion) 205189.63 215446 238027 208267 209499 245644
Gross Fixed Capital Formation (COP Billion) 49061.90 48522 47229 49798 50092 48741
GDP per capita (USD) 7842.90 7500 7500 7700 7700 7700
GDP per capita PPP (USD) 14730.88 14120 14120 14350 14350 14350
GDP From Agriculture (COP Billion) 14324.26 13410 13626 14539 14625 14062
GDP From Construction (COP Billion) 11087.58 14189 16855 11254 11320 17395
GDP From Manufacturing (COP Billion) 24357.80 26193 27092 24723 24869 27959
GDP From Mining (COP Billion) 10446.22 10608 11082 10603 10666 11437
GDP From Transport (COP Billion) 10593.76 11067 11498 10753 10816 11866
GDP From Utilities (COP Billion) 6612.00 6667 6794 7000 7042 7011

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 19.80 21 20.5 19.5 19 17.7
Unemployed Persons (Thousand ) 4532.73 4000 3900 3800 3600 3200
Population (Million) 50.37 50.37 50.91 50.91 50.91 51.45
Labor Force Participation Rate (%) 55.20 56 56.5 57 58 61
Employed Persons (Thousand) 18344.62 19200 19900 20500 21800 22500
Employment Rate (%) 46.05 42 44 46 48 52

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 1.97 3.2 3.3 3.2 3.2 3.1
Inflation Rate Mom (%) 0.00 0.2 0.2 0.1 0.1 0.2
Consumer Price Index CPI (points) 104.97 107 107 109 108 111
Core Consumer Prices (points) 104.78 106 107 108 108 110
Core Inflation Rate (%) 2.30 3.1 3.2 3.2 3.2 3
Producer Prices (points) 117.49 121 123 119 119 127
Food Inflation (%) 6.55 4 3.5 3.5 3.5 2.5
Producer Prices Change (%) -1.00 0.5 1.9 2.3 2.7 3.5
CPI Housing Utilities (points) 104.13 106 107 108 107 110
CPI Transportation (points) 102.65 106 107 108 106 110

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 2.25 2.25 2.25 2.25 2.5 2.75
Interbank Rate (%) 2.22 2.49 2.49 2.49 2.74 2.74
Foreign Exchange Reserves (USD Million) 56925.63 53800 54000 54000 54000 54800
Deposit Interest Rate (%) 4.49 4.49 4.49 4.49 4.74 4.74
Central Bank Balance Sheet (COP Billion) 288920.70 287000 288000 286000 280000 278000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Billion) -0.62 -0.5 1.2 -0.7 -0.4 0.2
Current Account (USD Million) -2712.00 -2800 -3000 -3300 -3400 -3300
Current Account to GDP (%) -4.30 -4.1 -4.1 -3.9 -3.9 -3.9
Imports (USD Billion) 2.90 3.4 3.6 4.1 4 4.5
Exports (USD Billion) 2.28 2.9 3.8 3.4 3.6 4.7
External Debt (USD Million) 144067.52 141100 142300 143000 143000 143500
Foreign Direct Investment (USD Million) 3588.84 2890 2890 2890 2890 3069
Capital Flows (USD Million) -2378.35 -3000 -3000 -3000 -3000 -3104
Remittances (USD Million) 455.50 530 600 550 510 610

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 48.40 55 55 53 53 53
Government Budget (% of GDP) -2.50 -4 -4 -3.5 -3.5 -3.5
Government Budget Value (COP Billion) -4432.80 -4265 -3782 -4075 -4075 -4053
Government Spending (COP Billion) 35517.50 34315 34891 36050 36263 36008
Government Revenues (COP Billion) 12621.89 12200 12200 12200 12200 12127
Military Expenditure (USD Million) 10303.00 10100 10100 10100 10100 9900

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 33.00 33 33 33 33 33
Personal Income Tax Rate (%) 39.00 39 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 Q3 Q4 Q1 Q2 2021
Business Confidence (points) -20.80 -20 -10 2 4 7.5
Industrial Production (%) -9.90 -4 -3 1.5 2 3.4
Total Vehicle Sales (Cars) 3565.00 13500 13800 13800 13800 13600
Car Registrations 11956.00 15800 19800 21700 22800 25000
Leading Economic Index (%) 11.10 -0.5 0.5 2.5 3 3.6
Industrial Production Mom (%) 13.00 0.3 0.6 0.4 0.6 1
Manufacturing Pmi (points) 54.20 53 53 53.5 54 54.7
Cement Production (Tonnes) 977660.00 1050000 1170000 1100000 1100000 1250000

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) -32.70 -28 -18 -10 -5 3
Retail Sales MoM (%) 35.00 -5 -2 6 5 4.3
Retail Sales YoY (%) -26.80 -2 1.5 4.5 3.8 4.3
Consumer Spending (COP Billion) 156981.13 150125 153418 159336 160278 158328
Private Sector Credit (COP Million) 325178.01 244146 264975 273040 335741 273454
Consumer Credit (COP Billion) 156753.47 145751 154842 163166 161614 159797
Gasoline Prices (USD/Liter) 0.59 0.55 0.52 0.5 0.47 0.45
Households Debt To GDP (% of GDP) 27.58 27.8 27.9 28.3 28.3 28.3

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 142.34 149 149 149 149 151


This page has economic forecasts for Colombia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Colombia economy.