Current Account to GDP in Colombia increased to -3.40 percent in 2020 from -4.30 percent in 2019. source: Banco de la República de Colombia

Current Account to GDP in Colombia averaged -2.32 percent from 1980 until 2020, reaching an all time high of 4.10 percent in 1991 and a record low of -6.30 percent in 2015. This page provides - Colombia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia Current Account to GDP - values, historical data and charts - was last updated on October of 2021.

Current Account to GDP in Colombia is expected to reach -3.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Current Account to GDP is projected to trend around -3.80 percent of GDP in 2022 and -3.90 percent of GDP in 2023, according to our econometric models.

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Colombia Current Account to GDP


Colombia Last Unit Reference Previous Highest Lowest
Current Account -4636.00 USD Million Jun/21 -3633.00 364.00 -6452.00
Current Account to GDP -3.40 percent of GDP Dec/20 -4.30 4.10 -6.30
External Debt 157491.85 USD Million Jun/21 157523.42 157523.42 36431.04
Capital Flows -4149.21 USD Million Jun/21 -3162.43 359.83 -6193.64
Foreign Direct Investment 2703.07 USD Million Mar/21 2211.23 6776.22 197.17
Terms Of Trade 135.83 points Aug/21 133.99 165.96 73.87


Colombia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.