The economy of Colombia grew 1.90 percent year-on-year in December of 2018, down from an upwardly revised 3.47 percent expansion in the previous month. For the whole 2018, the economy advanced 2.66 percent, compared to 1.35 percent in 2017 and 2.09 percent in 2016. On a monthly basis, economic activity declined 0.14 percent in December, after climbing 0.59 percent in the previous month. Leading Economic Index in Colombia averaged 3.90 percent from 2001 until 2018, reaching an all time high of 9.81 percent in August of 2011 and a record low of -1.69 percent in November of 2008.
Leading Economic Index in Colombia is expected to be 2.80 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 3.30 in 12 months time. In the long-term, the Colombia Leading Economic Index is projected to trend around 2.80 percent in 2020, according to our econometric models.