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 June of 2022.

Current Account to GDP in Colombia is expected to reach -3.50 percent of GDP by the end of 2022, 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 -4.00 percent of GDP in 2023, according to our econometric models.

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Colombia Current Account to GDP



Related Last Previous Unit Reference
Current Account -5367.00 -6136.00 USD Million Mar 2022
Current Account to GDP -3.40 -4.30 percent of GDP Dec 2020
External Debt 175105.53 172789.95 USD Million Mar 2022
Capital Flows -4717.85 -5556.46 USD Million Mar 2022
Foreign Direct Investment 5186.34 2157.94 USD Million Mar 2022
Terms Of Trade 164.73 158.99 points Apr 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-3.40 -4.30 4.10 -6.30 1980 - 2020 percent of GDP Yearly