The Gross Domestic Product (GDP) in Colombia expanded 1.40 percent in the second quarter of 2019 over the previous quarter. GDP Growth Rate in Colombia averaged 0.96 percent from 2001 until 2019, reaching an all time high of 3.50 percent in the second quarter of 2002 and a record low of -1.90 percent in the fourth quarter of 2008.

GDP Growth Rate in Colombia is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Colombia to stand at 0.80 in 12 months time. In the long-term, the Colombia GDP Growth Rate is projected to trend around 0.90 percent in 2020, according to our econometric models.

Colombia GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-15 04:00 PM GDP Growth Rate QoQ Q3 0.2% 0.6% 0.4% 0.3%
2019-02-28 03:40 PM GDP Growth Rate QoQ Q4 0.6% 0.8% 0.4% 0.8%
2019-05-15 04:30 PM GDP Growth Rate QoQ Q1 0% 0.7% 0.8%
2019-08-15 04:20 PM GDP Growth Rate QoQ Q2 1.4% 0.8% 0.6%
2019-11-15 04:00 PM GDP Growth Rate QoQ Q3 0.7%


Colombia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 0.00 3.50 -1.90 percent [+]
GDP Annual Growth Rate 3.00 3.10 8.60 0.20 percent [+]
GDP 330.20 311.80 381.90 4.00 USD Billion [+]
GDP Constant Prices 213961.53 203791.38 233501.24 100710.10 COP Billion [+]
Gross Fixed Capital Formation 49948.66 47767.10 49948.66 9542.00 COP Billion [+]
GDP per capita 7698.40 7613.70 7698.40 2337.00 USD [+]
GDP per capita PPP 13332.87 13186.21 13332.87 7729.00 USD [+]
GDP From Agriculture 13271.43 13901.76 13901.76 5454.00 COP Billion [+]
GDP From Construction 13571.36 12375.29 17240.79 2927.00 COP Billion [+]
GDP From Manufacturing 25561.50 24544.48 27092.24 9441.00 COP Billion [+]
GDP From Mining 10869.60 10972.34 12895.26 4899.00 COP Billion [+]
GDP From Transport 11028.20 10721.49 11162.89 4460.00 COP Billion [+]
GDP From Utilities 6412.00 6731.00 6731.00 2895.00 COP Billion [+]


Colombia GDP Growth Rate

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). This page provides - Colombia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 0.00 3.50 -1.90 2001 - 2019 percent Quarterly
SA




Country Last Previous
Indonesia 4.20 Jun/19
United States 2.10 Jun/19
China 1.60 Jun/19
India 1.40 Mar/19
Turkey 1.30 Mar/19
South Korea 1.10 Jun/19
Saudi Arabia 1.07 Dec/18
Switzerland 0.60 Mar/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Australia 0.40 Mar/19
Japan 0.40 Jun/19
Euro Area 0.20 Jun/19
France 0.20 Jun/19
Canada 0.10 Mar/19
Mexico 0.10 Jun/19
Italy 0.00 Jun/19
Germany -0.10 Jun/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
United Kingdom -0.20 Jun/19
Russia -0.40 Mar/19
South Africa -3.20 Mar/19
Singapore -3.30 Jun/19


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