Colombia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.30 0.2 0.4 0.4 0.6 0.8 percent [+]
Unemployment Rate 7.50 9.1 8.7 8.5 8.4 8 percent [+]
Inflation Rate 5.75 5.8 5.8 5.5 5.5 4 percent [+]
Interest Rate 7.50 7.5 7.25 7 6.75 6 percent [+]
Balance of Trade -0.93 -1 -1 -1.09 -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 2936.80 3080 3110 3140 3170 3620 [+]
Stock Market 1361.05 1320 1300 1290 1280 1080 points [+]
Government Bond 10Y 6.89 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 0.30 0.2 0.4 0.4 0.6 0.8 percent [+]
GDP Annual Growth Rate 1.20 1.9 1.8 2.1 2.5 2.4 percent [+]
GDP 292.08 275 275 275 275 450 USD Billion [+]
GDP Constant Prices 135169.00 138780 140087 141406 142737 159724 COP Billion [+]
Gross Fixed Capital Formation 37438.00 39356 39826 40300 40779 46988 COP Billion [+]
GDP per capita 7447.78 7683 7683 7599 7683 8350 USD [+]
GDP per capita PPP 13800.80 13958 14044 12700 12700 16442 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.50 9.1 8.7 8.5 8.4 8 percent [+]
Unemployed Persons 1863.84 2172 2119 2133 2130 2130 Thousand [+]
Population 48.75 48.32 48.46 48.59 48.73 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 65.20 64.86 64.96 64.94 64.94 64.94 percent [+]
Employed Persons 22092.05 21718 22407 22053 22530 22475 Thousand [+]
Employment Rate 60.35 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 5.75 5.8 5.8 5.5 5.5 4 percent [+]
Inflation Rate Mom 0.42 0.1 0.3 0.2 0.1 0.5 percent [+]
Consumer Price Index CPI 133.40 136 138 138 139 152 Index Points [+]
Core Consumer Prices 136.26 137 138 139 141 155 Index Points [+]
Core Inflation Rate 6.18 5.88 5.73 5.64 5.6 5.55 percent [+]
Producer Prices 107.76 107 107 107 107 107 Index Points [+]
Food Inflation 7.22 7.9 8.09 7.99 7.99 8 percent [+]
Import Prices 114.35 118 119 119 119 119 Index Points [+]
Cpi Transportation 123.66 124 125 126 127 139 Index Points [+]
Export Prices 101.84 106 106 106 106 106 Index Points [+]
Producer Prices Change 2.16 0.59 0.8 0.72 0.74 0.74 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 7.50 7.5 7.25 7 6.75 6 percent [+]
Interbank Rate 7.51 7.32 7.15 7.09 7.05 7.02 percent [+]
Money Supply M0 54871.02 50065 50326 50313 50317 50317 COP Billion [+]
Money Supply M1 101838.42 94432 95393 94208 95309 95290 COP Billion [+]
Money Supply M3 440394.15 450286 459089 467844 476553 579039 COP Billion [+]
Foreign Exchange Reserves 46666.89 46788 46835 46881 46924 47308 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 406626.58 415753 423975 432222 440427 536477 COP Billion [+]
Central Bank Balance Sheet 161947.90 161887 158892 161843 159030 159592 COP Billion [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -0.93 -1 -1 -1.09 -0.9 -0.9 USD Billion [+]
Exports 2.70 2.2 2 2.1 2.3 2.1 USD Billion [+]
Imports 3.61 3.3 3.3 3.81 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 -314.03 502 518 522 523 523 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 461.80 436 442 442 442 442 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 185.94 184 178 174 171 164 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 -2.40 -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 -4.00 -0.06 0.11 -0.1 0.06 0 [+]
Industrial Production 0.40 4.22 1.35 2.64 2.91 2.23 percent [+]
Total Vehicle Sales 12890.00 13650 13585 13581 13579 13579 Cars [+]
Car Registrations 22384.00 21016 21110 21118 21117 21117 Cars [+]
Leading Economic Index -0.10 0.56 0.58 0.58 0.58 0.58 percent [+]
Cement Production 1008534.16 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 76.47 76.66 76.7 76.69 76.69 76.69 percent [+]
Corruption Index 37.00 36.1 36.8 37.51 38.22 37.29 Points [+]
Corruption Rank 83.00 82 81 80 79 82 [+]
Ease of Doing Business 53.00 49.76 50.02 50.27 50.52 48.32 [+]
Steel Production 105.00 104 104 104 104 104 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -4.60 -4.59 -4.85 -4.78 5.71 -4.79 percent [+]
Retail Sales MoM 3.37 2.13 1.88 2.05 1.85 1.89 percent [+]
Retail Sales YoY -0.70 -1.09 -1.1 -1.1 -1.1 -1.1 percent [+]
Consumer Spending 87982.00 88916 89310 89740 90202 97477 COP Billion [+]
Private Sector Credit 202202.47 204368 203435 202885 202557 202060 COP Million [+]
Gasoline Prices 0.67 0.63 0.62 0.61 0.61 0.61 USD/Liter [+]
Consumer Credit 110399.08 116317 119769 123155 126477 161748 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. 1/17/2017