Colombia’s GDP expanded 17.6 percent year-on-year in the second quarter of 2021, following a 1.1 percent advance in the previous period and above market expectations of 15.6 percent. Output advanced faster for manufacturing (32.5 percent vs 7 percent in Q1); public administration, defense, education, and health (9 percent vs 3.4 percent) and agriculture (3.8 percent vs 3.7 percent). Also, production rebounded for both mining (7.1 percent vs -14.8 percent) and construction (17.3 percent vs -6.6 percent). On a seasonally adjusted quarterly basis, the economy shrank 2.4 percent, after a 2.9 percent expansion in Q1. It was the first quarterly contraction since the three months to June of 2020. source: Dane, Colombia
GDP Annual Growth Rate in Colombia averaged 3.48 percent from 2001 until 2021, reaching an all time high of 17.60 percent in the second quarter of 2021 and a record low of -15.80 percent in the second quarter of 2020. This page provides - Colombia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
GDP Annual Growth Rate in Colombia is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia GDP Annual Growth Rate is projected to trend around 3.60 percent in 2022 and 3.40 percent in 2023, according to our econometric models.