The economy of Colombia shrank 4.6 percent year-on-year in January of 2021, following a 2.5 percent decline in the previous month. It was the sharpest contraction in three months, as rising COVID cases in South America and slow vaccine rollouts dented confidence. The decline was led by industrial activity, down 9.8 percent on an annual basis (vs -10.5 percent in December). Meanwhile, services declined 2.8 percent after declining 0.1 percent in the previous month. On a monthly basis, economic activity declined a sharp 1.5 percent after expanding 1.5 percent in December. source: Dane, Colombia
Leading Economic Index in Colombia averaged 3.47 percent from 2001 until 2020, reaching an all time high of 9.10 percent in August of 2011 and a record low of -21.70 percent in April of 2020. This page provides - Chile Leading Composite Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Leading Economic Index - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Leading Economic Index in Colombia is expected to be -2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Colombia to stand at 5.00 in 12 months time. In the long-term, the Colombia Leading Economic Index is projected to trend around 3.90 percent in 2022 and 3.60 percent in 2023, according to our econometric models.