The Colombian economy advanced 2.7 percent year-on-year in the third quarter of 2018, following a 2.8 percent growth in the previous period and matching market expectations. Output rose at a slower pace for: finance & insurance (1.7% vs 2.7% in Q2); professional services (3.6% vs 5.6%); public administration (4.5% vs 5.3%); arts & entertainment (1.0% vs 3.4%); trade, repairs, restaurants & hotels and transportation (2.6% vs 3.7%); manufacturing (2.9% vs 3.6%) and agriculture (0.1% vs 5.8%). In contrast, both the mining sector (1.0% vs -2.6%) and the construction sector (1.8% vs -6.0%) recovered. Also, faster growth was seen in information & communication (3.7% vs 2.5%) and utilities (3.0% vs 2.3%). On quarter, the GDP expanded 0.2 percent, the least in a year, after a 0.6 percent advance in the second quarter and below market expectations of a 0.4 percent rise. GDP Annual Growth Rate in Colombia averaged 3.94 percent from 2001 until 2018, reaching an all time high of 8.50 percent in the third quarter of 2011 and a record low of 0.30 percent in the fourth quarter of 2008.

GDP Annual Growth Rate in Colombia is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Colombia to stand at 3.20 in 12 months time. In the long-term, the Colombia GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.

Colombia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-15 04:00 PM GDP Growth Rate YoY 1.6% 2.3% 2% 1.4%
2018-05-15 04:00 PM GDP Growth Rate YoY 2.2% 1.8% 2.3% 2.40%
2018-08-15 04:20 PM GDP Growth Rate YoY 2.8% 2.2% 2.7% 2.50%
2018-11-15 03:30 PM GDP Growth Rate YoY 2.7% 2.8% 2.7% 2.6%
2019-02-15 04:00 PM GDP Growth Rate YoY 2.70%
2019-05-15 04:00 PM GDP Growth Rate YoY 2.80%
2019-08-15 04:20 PM GDP Growth Rate YoY 3%


Colombia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.60 3.50 -2.70 percent [+]
GDP Annual Growth Rate 2.70 2.80 8.50 0.30 percent [+]
GDP 309.19 280.10 380.19 4.00 USD Billion [+]
GDP Constant Prices 213273.78 209650.89 226915.69 100710.10 COP Billion [+]
Gross Fixed Capital Formation 48815.66 46630.36 48815.66 9542.00 COP Billion [+]
GDP per capita 7600.76 7531.98 7600.76 2213.22 USD [+]
GDP per capita PPP 13254.95 13135.01 13254.95 7533.52 USD [+]
GDP From Agriculture 13130.25 12940.44 13685.96 5454.00 COP Billion [+]
GDP From Construction 15098.69 13262.46 16596.99 2927.00 COP Billion [+]
GDP From Manufacturing 26334.91 25216.70 27123.93 9441.00 COP Billion [+]
GDP From Mining 11119.17 10714.28 12838.88 4899.00 COP Billion [+]
GDP From Transport 10517.16 10293.02 10748.86 4460.00 COP Billion [+]
GDP From Utilities 6536.00 6209.00 6536.00 2895.00 COP Billion [+]


Colombia GDP Annual Growth Rate

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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.80 8.50 0.30 2001 - 2018 percent Quarterly




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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