The Gross Domestic Product (GDP) in Colombia expanded 5.70 percent in the third quarter of 2021 over the previous quarter. source: Dane, Colombia

GDP Growth Rate in Colombia averaged 0.94 percent from 2001 until 2021, reaching an all time high of 9.50 percent in the third quarter of 2020 and a record low of -14.90 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 December of 2021.

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 0.80 percent in 2022, according to our econometric models.

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Colombia GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-08-17 04:30 PM Q2 -2.4% 2.9% -2.2% 0.5%
2021-11-16 04:00 PM Q3 5.7% -2.5% 5% 5.4%
2022-02-15 05:00 PM Q4

Related Last Previous Unit Reference
GDP Growth Rate 5.70 -2.50 percent Sep/21
GDP Annual Growth Rate 13.20 17.60 percent Sep/21
GDP Constant Prices 230971.45 213126.66 COP Billion Sep/21
Gross Fixed Capital Formation 40530.21 38428.56 COP Billion Sep/21
GDP From Utilities 7057.00 6482.17 COP Billion Sep/21
GDP From Transport 10662.54 8985.09 COP Billion Sep/21
GDP From Mining 9142.07 8935.07 COP Billion Sep/21
GDP From Manufacturing 29977.89 25142.18 COP Billion Sep/21
GDP From Construction 10580.15 10402.68 COP Billion Sep/21
GDP From Agriculture 14892.83 13511.42 COP Billion Sep/21
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).