The Gross Domestic Product (GDP) in Colombia expanded 0.60 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Colombia averaged 0.89 percent from 2001 until 2026, reaching an all time high of 9.90 percent in the third quarter of 2020 and a record low of -16.40 percent in the second quarter of 2020. source: Dane, Colombia
GDP Growth Rate in Colombia is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia GDP Growth Rate is projected to trend around 1.70 percent in 2027 and 1.20 percent in 2028, according to our econometric models.
Colombia is the fourth biggest economy in Latin America. In recent years, the country has been growing rapidly, mostly due to a rise in exports of commodities such as oil, coal and coffee. The biggest and the fastest growing sector of Colombian economy is services (53 percent of GDP) including: financing, insurance, real estate and business services; community, social and personal services; trade, repairs, restaurants and hotels and transport, warehousing and communication. Manufacturing, mining and quarrying create 20 percent of the wealth. Other sectors include: government (10 percent), agriculture, hunting, forestry and fishing (6.3 percent); construction (6 percent) and electricity, gas and water distribution (4 percent).
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
0.60 |
0.00 |
9.90 |
-16.40 |
2001 - 2026 |
percent |
Quarterly |
SA, WDA
|