The Gross Domestic Product (GDP) in Colombia expanded 1 percent in the first quarter of 2022 over the previous quarter, following a downwardly revised 2.5 percent growth in the previous quarter but beating market expectations of a 0.4 percent increase. source: Dane, Colombia

GDP Growth Rate in Colombia averaged 0.97 percent from 2001 until 2022, reaching an all time high of 10.30 percent in the third quarter of 2020 and a record low of -16 percent in the second quarter of 2020. This page provides - Colombia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Colombia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

GDP Growth Rate in Colombia is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia GDP Growth Rate is projected to trend around 1.00 percent in 2023, according to our econometric models.

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Colombia GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-02-15 04:00 PM Q4 4.3% 6.1% 2.3% 2.5%
2022-05-16 05:30 PM Q1 1% 2.5% 0.4% -0.8%
2022-08-16 04:00 PM Q2 1% 0.5%


Related Last Previous Unit Reference
GDP Growth Rate 1.00 2.50 percent Mar 2022
GDP Annual Growth Rate 8.50 10.80 percent Mar 2022
GDP Constant Prices 227487.29 254870.85 COP Billion Mar 2022
Gross Fixed Capital Formation 43980.96 40628.97 COP Billion Mar 2022
GDP From Utilities 6825.80 7184.81 COP Billion Mar 2022
GDP From Transport 11049.22 11711.29 COP Billion Mar 2022
GDP From Mining 9101.10 9734.59 COP Billion Mar 2022
GDP From Manufacturing 28224.79 30056.99 COP Billion Mar 2022
GDP From Construction 11402.86 11822.09 COP Billion Mar 2022
GDP From Agriculture 13891.48 14622.02 COP Billion Mar 2022

Colombia GDP Growth Rate
Colombia is the fourth biggest economy in Latin America. In recent years, the country has been growing rapidly, mostly due to a rise in exports of commodities such as oil, coal and coffee. The biggest and the fastest growing sector of Colombian economy is services (53 percent of GDP) including: financing, insurance, real estate and business services; community, social and personal services; trade, repairs, restaurants and hotels and transport, warehousing and communication. Manufacturing, mining and quarrying create 20 percent of the wealth. Other sectors include: government (10 percent), agriculture, hunting, forestry and fishing (6.3 percent); construction (6 percent) and electricity, gas and water distribution (4 percent).
Actual Previous Highest Lowest Dates Unit Frequency
1.00 2.50 10.30 -16.00 2001 - 2022 percent Quarterly
SA, WDA