Colombia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.00 0.2 0.3 0.4 0.6 0.8 percent [+]
Unemployment Rate 8.70 9.1 8.7 8.5 8.4 8 percent [+]
Inflation Rate 5.47 5.8 5.8 5.5 5.5 4 percent [+]
Interest Rate 7.25 7.25 7 6.75 6.25 6 percent [+]
Balance of Trade -0.67 -1 -1 -1.01 -0.9 -0.9 USD Billion [+]
Government Debt to GDP 38.00 37.76 38.41 39.05 39.69 39.89 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 2881.80 3080 3110 3140 3170 3620 [+]
Stock Market 1333.57 1320 1300 1290 1280 1080 points [+]
Government Bond 10Y 6.93 7.24 7.31 7.38 7.17 8.52 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.00 0.2 0.3 0.4 0.6 0.8 percent [+]
GDP Annual Growth Rate 1.60 1.9 1.8 2.1 2.5 2.4 percent [+]
GDP 292.08 275 275 275 275 450 USD Billion [+]
GDP Constant Prices 136604.00 137254 138115 139113 139962 150875 COP Billion [+]
Gross Fixed Capital Formation 37438.00 39356 39826 40300 40779 46988 COP Billion [+]
GDP per capita 7447.88 7683 7683 7599 7683 8350 USD [+]
GDP per capita PPP 12988.34 13958 14044 12700 12700 16442 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 8.70 9.1 8.7 8.5 8.4 8 percent [+]
Unemployed Persons 2151.84 2172 2119 2133 2130 2130 Thousand [+]
Population 48.75 48.32 48.46 48.59 48.73 50.86 Million [+]
Living Wage Family 1388415.00 1429402 1421493 1423019 1422725 1422772 COP/Month [+]
Living Wage Individual 1167808.00 1048175 1127419 1074928 1109698 1095943 COP/Month [+]
Labor Force Participation Rate 64.60 64.86 64.96 64.94 64.94 64.94 percent [+]
Employed Persons 22836.52 21926 22544 22180 22750 22668 Thousand [+]
Employment Rate 58.98 59.48 59.7 59.58 59.65 59.62 percent [+]
Wages High Skilled 2575100.00 2567975 2567643 2567503 2567444 2567402 COP/Month [+]
Wages Low Skilled 800000.00 816486 816673 816718 816730 816733 COP/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 5.47 5.8 5.8 5.5 5.5 4 percent [+]
Inflation Rate Mom 1.02 0.1 0.3 0.2 0.1 0.5 percent [+]
Consumer Price Index CPI 134.77 137 139 140 142 161 Index Points [+]
Core Consumer Prices 137.37 139 140 141 142 156 Index Points [+]
Core Inflation Rate 5.26 4.73 4.05 3.7 3.52 3.28 percent [+]
Producer Prices 108.12 108 108 108 108 108 Index Points [+]
Food Inflation 5.97 5.37 5.61 5.71 5.67 5.68 percent [+]
Import Prices 113.62 114 114 114 114 114 Index Points [+]
Cpi Transportation 124.82 126 127 128 129 142 Index Points [+]
Export Prices 100.88 101 102 102 102 102 Index Points [+]
Producer Prices Change 2.66 3.01 3.5 3.36 3.4 3.39 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 7.25 7.25 7 6.75 6.25 6 percent [+]
Interbank Rate 7.50 7.52 7.47 7.48 7.46 7.46 percent [+]
Money Supply M0 50510.35 50401 50890 50729 50772 50769 COP Billion [+]
Money Supply M1 94977.67 96390 96937 95521 96924 96926 COP Billion [+]
Money Supply M3 441885.54 448408 456912 465390 473738 571899 COP Billion [+]
Foreign Exchange Reserves 46920.12 47039 47170 47274 47370 48235 USD Million [+]
Banks Balance Sheet 492048.00 660261 682661 705824 729776 1089340 COP Billion [+]
Deposit Interest Rate 4.60 4.13 4.14 4.15 4.15 3.35 percent [+]
Money Supply M2 404201.33 411473 418596 425975 433258 517671 COP Billion [+]
Central Bank Balance Sheet 154294.80 153936 150814 152836 150809 151302 COP Billion [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -0.67 -1 -1 -1.01 -0.9 -0.9 USD Billion [+]
Exports 3.37 2.2 2 2.1 2.3 2.1 USD Billion [+]
Imports 4.04 3.3 3.3 4.04 2.9 2.9 USD Billion [+]
Current Account -3434.00 -3020 -3019 -3142 -3079 -3063 USD Million [+]
Current Account to GDP -6.50 -5.85 -5.9 -5.94 -5.99 -5.48 percent [+]
External Debt 116216.15 89504 89247 81996 81665 94117 COP Billion [+]
Capital Flows -3331.43 -3274 -3190 -3248 -3259 -3240 USD Million [+]
Foreign Direct Investment 1965.89 3163 3024 3070 3140 3170 USD Million [+]
Remittances 454.50 445 450 451 450 450 USD Million [+]
Gold Reserves 3.78 3.78 3.78 3.77 3.77 3.77 Tonnes [+]
Crude Oil Production 955.00 959 959 959 959 959 BBL/D/1K [+]
Terms Of Trade 175.53 172 168 165 163 159 Index Points [+]
Terrorism Index 5.95 6.17 6.1 6.04 5.97 6.5 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 38.00 37.76 38.41 39.05 39.69 39.89 percent [+]
Government Budget -4.00 -3.3 -3.3 -4.66 -3.3 -3 percent of GDP [+]
Government Budget Value -5260.78 -3826 -3305 -3396 -3463 -3436 COP Billion [+]
Government Spending 15026.45 12880 13474 13233 13348 13308 COP Billion [+]
Government Revenues 9765.66 8763 9596 9656 9429 9472 COP Billion [+]
Fiscal Expenditure 15026.45 12881 13473 13234 13347 13308 COP Billion [+]
Military Expenditure 12945.40 12651 12843 13035 13114 14452 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 1.90 -0.01 -0.3 -0.22 -0.19 -0.21 [+]
Industrial Production 2.20 1.33 1.1 1.02 0.99 0.97 percent [+]
Total Vehicle Sales 18640.00 16479 16441 16351 16342 16337 Cars [+]
Car Registrations 22384.00 21016 21110 21118 21117 21117 Cars [+]
Leading Economic Index 1.00 1.25 1.39 1.4 1.4 1.4 percent [+]
Cement Production 1098559.00 1050698 1036409 1033142 1037664 1036753 Tonnes [+]
Competitiveness Index 4.30 4.31 4.31 4.31 4.31 4.28 Points [+]
Competitiveness Rank 61.00 66 66 66 64 68 [+]
Capacity Utilization 77.28 77.18 77.2 77.2 77.2 77.2 percent [+]
Corruption Index 37.00 36.1 36.8 37.51 38.22 37.29 Points [+]
Corruption Rank 90.00 82 81 80 79 82 [+]
Ease of Doing Business 53.00 49.76 50.02 50.27 50.52 48.32 [+]
Steel Production 95.00 100 103 102 103 103 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -30.20 -21.93 -19.59 -20.28 5.71 -20.08 percent [+]
Retail Sales MoM 33.12 5.49 -2.74 1.94 1.58 2.05 percent [+]
Retail Sales YoY 6.20 4.3 4.35 4.41 4.43 4.43 percent [+]
Consumer Spending 87982.00 88916 89310 89740 90202 97477 COP Billion [+]
Private Sector Credit 240755.93 236411 238138 239153 239848 240948 COP Million [+]
Gasoline Prices 0.73 0.76 0.8 0.81 0.82 0.83 USD/Liter [+]
Consumer Credit 113379.22 117162 120924 124620 128252 167174 COP Billion [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 114.20 118 121 123 125 148 Index Points [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Personal Income Tax Rate 33.00 33 33 33 33 33 percent [+]
Sales Tax Rate 16.00 16 16 16 16 16 percent [+]
Social Security Rate 48.20 48.2 48.2 48.2 48.2 48.2 percent [+]
Social Security Rate For Companies 40.20 40.2 40.2 40.2 40.2 40.2 percent [+]
Social Security Rate For Employees 8.00 8 8 8 8 8 percent [+]





Economic Forecasts for Colombia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Colombia economy. 2/26/2017