Colombia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.30 0.2 0.2 0.4 0.4 0.8 percent [+]
Unemployment Rate 8.30 8.4 9.1 8.7 8.5 8 percent [+]
Inflation Rate 5.96 5.9 5.8 5.8 5.5 4 percent [+]
Interest Rate 7.75 7.75 7.5 7.25 7 6 percent [+]
Balance of Trade -1.24 -1 -1 -1 -1.21 -0.9 USD Billion [+]
Government Debt to GDP 38.00 39.69 39.69 39.68 39.67 39.89 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 3005.60 3188 3219 3251 3282 3787 [+]
Stock Market 1324.80 1290 1280 1270 1260 1050 points [+]
Government Bond 10Y 7.36 7.56 7.64 7.71 7.79 8.99 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.30 0.2 0.2 0.4 0.4 0.8 percent [+]
GDP Annual Growth Rate 1.20 2 1.9 1.8 2.1 2.4 percent [+]
GDP 292.08 259 275 275 275 450 USD Billion [+]
GDP Constant Prices 135169.00 137486 138780 140087 141406 159723 COP Billion [+]
Gross Fixed Capital Formation 37850.00 39102 39641 40184 40735 48611 COP Billion [+]
GDP per capita 7447.78 7598 7683 7683 7774 8350 USD [+]
GDP per capita PPP 13800.80 14238 14350 14462 12700 16516 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 8.30 8.4 9.1 8.7 8.5 8 percent [+]
Unemployed Persons 2072.40 2230 2214 2214 2216 2216 Thousand [+]
Population 48.20 48.73 48.86 49 49.13 50.86 Million [+]
Living Wage Family 1869200.00 1983771 1871683 1981342 1874060 1888077 COP/Month [+]
Living Wage Individual 1070400.00 1062882 1067750 1064598 1066639 1065839 COP/Month [+]
Labor Force Participation Rate 64.20 64.2 64.23 64.23 64.23 64.23 percent [+]
Employed Persons 22092.05 22651 21718 22407 22053 22475 Thousand [+]
Employment Rate 58.71 58.45 58.66 58.55 58.6 58.59 percent [+]
Wages High Skilled 2575100.00 2568764 2567975 2567643 2567503 2567402 COP/Month [+]
Wages Low Skilled 800000.00 815725 816486 816673 816718 816733 COP/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 5.96 5.9 5.8 5.8 5.5 4 percent [+]
Inflation Rate Mom 0.11 0.3 0.1 0.3 0.2 0.5 percent [+]
Consumer Price Index CPI 132.85 133 136 138 138 152 Index Points [+]
Core Consumer Prices 135.19 136 137 138 139 154 Index Points [+]
Core Inflation Rate 6.58 6.45 6.34 6.29 6.26 6.23 percent [+]
Producer Prices 109.24 110 110 110 110 110 Index Points [+]
Food Inflation 7.54 7.5 8.46 8.57 8.46 8.47 percent [+]
Import Prices 112.86 113 113 113 112 112 Index Points [+]
Cpi Transportation 123.31 124 124 125 126 139 Index Points [+]
Export Prices 100.67 101 101 101 101 101 Index Points [+]
Producer Prices Change 5.15 5.56 5.74 5.75 5.75 5.75 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 7.75 7.75 7.5 7.25 7 6 percent [+]
Interbank Rate 7.76 7.68 7.84 7.85 7.87 7.87 percent [+]
Money Supply M0 48101.33 53177 48524 47509 46339 46244 COP Billion [+]
Money Supply M1 92606.56 90007 90457 90918 91389 98329 COP Billion [+]
Money Supply M3 429929.01 438259 449021 460109 471526 651872 COP Billion [+]
Foreign Exchange Reserves 46480.51 46320 46183 46109 46046 45484 USD Million [+]
Banks Balance Sheet 492048.00 631294 652009 673432 695584 1061098 COP Billion [+]
Deposit Interest Rate 4.60 4.15 4.07 3.99 3.91 3.35 percent [+]
Money Supply M2 397059.49 398942 401412 402785 403024 239488 COP Billion [+]
Central Bank Balance Sheet 159727.50 162104 165416 168677 171863 207415 COP Billion [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -1.24 -1 -1 -1 -1.21 -0.9 USD Billion [+]
Exports 2.68 2.35 2.2 2 2.1 2.1 USD Billion [+]
Imports 3.95 3.4 3.3 3.3 4.01 2.9 USD Billion [+]
Current Account -2784.00 -4342 -4555 -4400 -4442 -4434 USD Million [+]
Current Account to GDP -6.50 -5.99 -5.85 -5.7 -5.56 -5.48 percent [+]
External Debt -314.03 445 502 518 522 523 COP Billion [+]
Capital Flows -3050.81 -3462 -3386 -3313 -3410 -3382 USD Million [+]
Foreign Direct Investment 3527.14 3736 3684 3677 3674 3656 USD Million [+]
Remittances 420.40 405 409 410 410 410 USD Million [+]
Gold Reserves 3.78 3.78 3.78 3.78 3.77 3.77 Tonnes [+]
Crude Oil Production 955.00 959 959 959 959 959 BBL/D/1K [+]
Terms Of Trade 175.12 184 179 174 171 162 Index Points [+]
Terrorism Index 5.95 5.97 6.02 6.07 6.12 6.5 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 38.00 39.69 39.69 39.68 39.67 39.89 percent [+]
Government Budget -2.40 -4 -3.3 -3.3 -6.99 -3 percent of GDP [+]
Government Budget Value -245.65 -3692 -3442 -2990 -3081 -3113 COP Billion [+]
Government Spending 12875.99 14133 13222 13597 13444 13495 COP Billion [+]
Government Revenues 12630.34 10086 10178 10590 10614 10525 COP Billion [+]
Fiscal Expenditure 12875.99 14131 13224 13596 13445 13495 COP Billion [+]
Military Expenditure 12945.40 12651 12843 13035 13114 14452 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence -5.50 0.09 -0.02 0.18 -0.05 0.05 [+]
Industrial Production 4.00 4.63 5.14 2.1 4.13 3.53 percent [+]
Total Vehicle Sales 15486.00 13817 13807 13746 13745 13743 Cars [+]
Car Registrations 21378.00 21412 21515 21534 21537 21537 Cars [+]
Leading Economic Index 1.10 1 1 1 1 1 percent [+]
Cement Production 1076100.00 1034902 1066001 1053561 1048370 1052162 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 78.00 77.25 77.27 77.29 77.29 77.29 percent [+]
Corruption Index 37.00 38.22 38.04 37.87 37.7 37.29 Points [+]
Corruption Rank 83.00 82 81 80 79 82 [+]
Ease of Doing Business 53.00 49.51 50.02 50.27 50.52 48.32 [+]
Steel Production 105.00 104 104 104 104 104 Thousand Tonnes [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence -3.20 -6.26 -5.05 -5.38 -5.3 -5.31 percent [+]
Retail Sales MoM 2.18 2.14 2.01 2.01 1.95 1.98 percent [+]
Retail Sales YoY -1.30 -1.79 -1.77 -1.75 -1.74 -1.74 percent [+]
Consumer Spending 87980.00 89259 89713 90203 90725 99535 COP Billion [+]
Private Sector Credit 223150.79 226795 227081 227479 227704 228049 COP Million [+]
Gasoline Prices 0.67 0.66 0.63 0.62 0.61 0.61 USD/Liter [+]
Consumer Credit 109105.17 112556 115930 119236 122477 159230 COP Billion [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 111.80 116 118 120 122 145 Index Points [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/11/2016