Markets Actual Q2 Q3 Q4 Q1 2023
Currency 4131.10 4215 4300 4388 4477 4660
Stock Market (points) 1365.96 1320 1276 1233 1191 1113
Government Bond 10Y (%) 11.69 11.89 12.09 12.29 12.5 12.93

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 1.00 0.5 0.9 1 0.6 1
GDP Annual Growth Rate (%) 8.50 7.5 6.3 5 2.7 3
Unemployment Rate (%) 11.20 12.3 12.1 12.1 11.9 12
Inflation Rate (%) 9.07 9.3 9 7 6.11 4
Inflation Rate Mom (%) 0.84 0.84 0.7 0.5 0.4 0.4
Interest Rate (%) 6.00 7 8 8 7.5 7.5
Balance of Trade (USD Billion) -0.97 -1.47 -1.51 -1.57 -1.83 -2.2
Current Account (USD Million) -5367.00 -2900 -2200 -2500 -3000 -3000
Current Account to GDP (% of GDP) -3.40 -3.5 -3.5 -3.5 -4 -4
Government Debt to GDP (% of GDP) 62.80 64.5 64.5 64.5 62 62
Government Budget (% of GDP) -7.80 -4.5 -4.5 -4.5 -2 -2
Business Confidence (points) 14.50 8 5 3 1 0
Consumer Confidence (points) -14.70 -15 4 7 9 15
Retail Sales MoM (%) 1.20 2.5 2.5 4 3 4
Corporate Tax Rate (%) 31.00 31 31 34 34 31
Personal Income Tax Rate (%) 39.00 33 39 39 39 39

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 1.00 0.5 0.9 1 0.6 1
GDP Annual Growth Rate (%) 8.50 7.5 6.3 5 2.7 3
GDP (USD Billion) 271.40 350 350 350 350 370
GDP Constant Prices (COP Billion) 227487.29 229111 245019 267614 233629 275643
Gross Fixed Capital Formation (COP Billion) 43980.96 41311 42898 42660 45168 43940
GDP per capita (USD) 5889.22 6300 6300 6300 6300 6450
GDP per capita PPP (USD) 13441.49 14800 14800 14800 14800 15000
GDP From Agriculture (COP Billion) 13891.48 14516 15846 15353 14267 15814
GDP From Construction (COP Billion) 11402.86 10956 11059 12413 11711 12786
GDP From Manufacturing (COP Billion) 28224.79 26290 30916 31560 28987 32507
GDP From Mining (COP Billion) 9101.10 9683 9774 10221 9347 10528
GDP From Transport (COP Billion) 11049.22 9721 11416 12297 11348 12666
GDP From Utilities (COP Billion) 6825.80 6996 7484 7544 7010 7770

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 11.20 12.3 12.1 12.1 11.9 12
Unemployed Persons (Thousand ) 2760.62 2700 2600 2500 2500 2500
Population (Million) 51.41 51.95 51.95 51.95 52.48 52.48
Employed Persons (Thousand) 21957.40 20800 21400 21600 21600 21800
Employment Rate (%) 56.47 55.1 55.2 55.3 55.3 55.5
Labor Force Participation Rate (%) 63.60 63 64 64 63 63
Minimum Wages (COP/Month) 908526.00 970000 970000 970000 970000 1028000

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 9.07 9.3 9 7 6.11 4
Inflation Rate Mom (%) 0.84 0.84 0.7 0.5 0.4 0.4
Consumer Price Index CPI (points) 118.70 119 120 119 123 124
Core Consumer Prices (points) 116.64 114 115 116 120 122
Core Inflation Rate (%) 8.02 5.3 5.1 5 5 5
Producer Prices (points) 181.33 182 175 174 182 178
Food Inflation (%) 21.60 22 16 12 10 8
Import Prices (points) 163.39 154 156 158 158 165
Export Prices (points) 214.68 174 176 180 180 185
CPI Housing Utilities (points) 112.97 117 118 117 118 122
CPI Transportation (points) 115.58 117 117 118 118 119
Producer Prices Change (%) 34.32 33 23 15 5 2

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 6.00 7 8 8 7.5 7.5
Interbank Rate (%) 6.03 7.03 8.03 8.03 7.53 7.53
Money Supply M0 (COP Billion) 103878.80 105900 106200 115400 115400 126600
Money Supply M1 (COP Billion) 180864.46 189300 190300 205500 205500 230000
Money Supply M3 (COP Billion) 703955.89 680000 685000 710700 710700 780500
Foreign Exchange Reserves (USD Million) 57602.65 60500 61100 62000 62000 64500
Deposit Interest Rate (%) 3.38 4.38 5.38 5.38 4.88 4.88
Central Bank Balance Sheet (COP Billion) 298592.00 305952 308607 311261 313915 320108
Money Supply M2 (COP Billion) 648257.53 630000 640000 650900 650900 690300

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (USD Billion) -0.97 -1.47 -1.51 -1.57 -1.83 -2.2
Current Account (USD Million) -5367.00 -2900 -2200 -2500 -3000 -3000
Current Account to GDP (% of GDP) -3.40 -3.5 -3.5 -3.5 -4 -4
Imports (USD Billion) 6.39 5.57 5.71 5.87 6.03 6.5
Exports (USD Billion) 5.42 4.1 4.2 4.3 4.2 4.3
External Debt (USD Million) 175105.53 174688 176328 177968 179608 184528
Foreign Direct Investment (USD Million) 5186.34 2600 2700 3000 3000 3200
Capital Flows (USD Million) -4717.85 -4500 -5000 -4900 -4900 -5000
Remittances (USD Million) 647.26 620 610 600 630 650
Exports YoY (%) 82.20 33 13 3 -13 3
Terms Of Trade (points) 164.73 144 145 145 145 145

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 62.80 64.5 64.5 64.5 62 62
Government Budget (% of GDP) -7.80 -4.5 -4.5 -4.5 -2 -2
Government Budget Value (COP Billion) -15758.38 -9700 -9700 -16300 -5500 -16000
Government Spending (COP Billion) 40860.81 43127 42890 42644 41964 43923
Government Revenues (COP Billion) 13775.66 11400 11400 13000 13000 13000
Fiscal Expenditure (COP Billion) 29117.97 19500 18750 18500 18500 18500
Military Expenditure (USD Million) 10133.00 10300 10300 10300 10300 10050

Taxes Actual Q2 Q3 Q4 Q1 2023
Corporate Tax Rate (%) 31.00 31 31 34 34 31
Personal Income Tax Rate (%) 39.00 33 39 39 39 39
Sales Tax Rate (%) 19.00 19 19 19 19 19
Social Security Rate (%) 30.50 30.5 30.5 30.5 30.5 30.5
Social Security Rate For Companies (%) 20.50 20.5 20.5 20.5 20.5 20.5
Social Security Rate For Employees (%) 10.00 10 10 10 10 10

Business Actual Q2 Q3 Q4 Q1 2023
Business Confidence (points) 14.50 8 5 3 1 0
Industrial Production (%) 13.50 8.4 2.7 0.5 1.5 1.5
Total Vehicle Sales (Units) 11487.00 11200 10400 10800 10800 11600
Car Registrations 25312.00 19904 28125 29008 18550 33000
Leading Economic Index (%) 12.00 3 2.5 1.5 1 1
Cement Production (Tonnes) 1215579.29 110000 1200900 1250200 1250200 1270000
Capacity Utilization (%) 79.31 80 81 81 82 80
Industrial Production Mom (%) 0.20 0.1 0.3 0.5 0.5 0.3
Manufacturing PMI (points) 53.90 53 54 52 51 50

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) -14.70 -15 4 7 9 15
Retail Sales MoM (%) 1.20 2.5 2.5 4 3 4
Retail Sales YoY (%) 23.30 0.5 2.5 3 2.9 2
Consumer Spending (COP Billion) 179758.34 174540 178931 184997 184612 190547
Private Sector Credit (COP Million) 368150.56 363349 319075 283662 294737 292172
Gasoline Prices (USD/Liter) 0.63 0.65 0.68 0.7 0.73 0.73
Households Debt To GDP (% of GDP) 30.24 31.9 32.2 32.5 32.5 33
Consumer Credit (COP Billion) 190568.23 176250 181991 189909 195714 195606

Housing Actual Q2 Q3 Q4 Q1 2023
Housing Index (points) 109.32 108 109 110 110 114


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Colombia Forecast - was last updated on Monday, June 27, 2022.