Colombia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.00 0.7 0.9 1.2 1.4 1.7 percent [+]
Unemployment Rate 10.50 8.8 8.5 8.5 9 8.3 percent [+]
Inflation Rate 4.69 4.5 4.6 4.7 4.9 5 percent [+]
Interest Rate 7.00 7 7 7 7 7.5 percent [+]
Balance of Trade -0.99 -0.5 -0.4 -0.3 -1 -1.5 USD Billion [+]
Government Debt to GDP 38.00 38.41 39.05 39.69 39.69 39.89 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 2874.00 2900 2930 3020 2990 3450 [+]
Stock Market 1362.33 1350 1340 1300 1310 1090 points [+]
Government Bond 10Y 6.36 6.74 6.8 6.87 6.94 8 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.00 0.7 0.9 1.2 1.4 1.7 percent [+]
GDP Annual Growth Rate 1.60 1.8 2.1 2.5 3 3.4 percent [+]
GDP 292.08 275 275 275 210 450 USD Billion [+]
GDP Constant Prices 136604.00 138115 139113 139962 140884 150875 COP Billion [+]
Gross Fixed Capital Formation 36865.00 36725 36690 36550 36625 36400 COP Billion [+]
GDP per capita 7447.88 7683 7582 7683 7654 8350 USD [+]
GDP per capita PPP 12988.34 13145 12700 12700 13344 14096 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 10.50 8.8 8.5 8.5 9 8.3 percent [+]
Unemployed Persons 2564.67 2390 2150 2100 2400 2300 Thousand [+]
Population 48.75 48.46 48.59 48.73 48.73 50.86 Million [+]
Living Wage Family 1388415.00 1363037 1339670 1353781 1345259 1348480 COP/Month [+]
Living Wage Individual 1167808.00 1138853 1072276 1122424 1084650 1101598 COP/Month [+]
Labor Force Participation Rate 64.60 64.73 64.68 64.69 64.69 64.69 percent [+]
Employed Persons 22836.52 22544 22180 22750 21993 22668 Thousand [+]
Employment Rate 57.25 58.45 58.23 58.36 58.28 58.31 percent [+]
Wages High Skilled 2575100.00 2567503 2567444 2567419 2567419 2567402 COP/Month [+]
Wages Low Skilled 800000.00 816673 816718 816730 816730 816733 COP/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 4.69 4.5 4.6 4.7 4.9 5 percent [+]
Inflation Rate Mom 0.47 0.5 0.3 0.1 1.1 0.7 percent [+]
Consumer Price Index CPI 136.76 138 139 141 142 159 Index Points [+]
Core Consumer Prices 139.62 141 143 144 146 162 Index Points [+]
Core Inflation Rate 6.01 5.97 5.88 5.89 5.9 5.9 percent [+]
Producer Prices 107.31 108 108 108 108 108 Index Points [+]
Food Inflation 3.65 2.59 3.05 3.08 3.03 3.04 percent [+]
Import Prices 113.71 114 114 115 115 115 Index Points [+]
Cpi Transportation 126.05 127 128 130 131 143 Index Points [+]
Export Prices 97.80 99.27 98.94 98.94 98.95 98.95 Index Points [+]
Producer Prices Change 1.05 0.64 0.36 0.43 0.45 0.42 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 7.00 7 7 7 7 7.5 percent [+]
Interbank Rate 6.99 7.25 7 7 7 7.5 percent [+]
Money Supply M0 48672.16 49887 49517 49607 49589 49592 COP Billion [+]
Money Supply M1 93369.54 94448 94471 94472 94472 94472 COP Billion [+]
Money Supply M3 445723.52 455052 462937 470946 478922 564675 COP Billion [+]
Foreign Exchange Reserves 46929.81 47001 47068 47134 47196 47716 USD Million [+]
Banks Balance Sheet 492048.00 629002 642356 655658 668907 811288 COP Billion [+]
Deposit Interest Rate 6.80 5.36 5.9 6.44 6.35 6.4 percent [+]
Central Bank Balance Sheet 154378.50 153520 155359 153584 155238 154056 COP Billion [+]
Money Supply M2 408947.37 417157 424068 431041 437972 511584 COP Billion [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -0.99 -0.5 -0.4 -0.3 -1 -1.5 USD Billion [+]
Exports 2.66 2.7 2.5 3 3.2 3.3 USD Billion [+]
Imports 3.65 3.2 2.9 2.7 2.2 2.6 USD Billion [+]
Current Account -2555.00 -3100 -2900 -2800 -2650 -2500 USD Million [+]
Current Account to GDP -6.50 -5.7 -5.3 -5.1 -4.9 -5 percent [+]
External Debt 121097.22 103330 107931 112233 108155 109269 COP Billion [+]
Capital Flows -2321.86 -2646 -2643 -2460 -2536 -2534 USD Million [+]
Foreign Direct Investment 3053.79 2959 2984 3062 3059 3109 USD Million [+]
Remittances 379.50 394 393 395 395 395 USD Million [+]
Gold Reserves 5.76 6.97 7.48 7.78 7.99 8.31 Tonnes [+]
Crude Oil Production 955.00 959 959 959 959 959 BBL/D/1K [+]
Terms Of Trade 124.75 145 142 138 140 140 Index Points [+]
Terrorism Index 5.95 6.1 6.04 5.97 6.02 6.5 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 38.00 38.41 39.05 39.69 39.69 39.89 percent [+]
Government Budget -4.00 -3.3 -3.31 -3.3 -3.62 -3 percent of GDP [+]
Government Budget Value -4881.44 -4014 -4124 -4195 -4170 -4167 COP Billion [+]
Government Spending 15660.60 14142 13699 13910 13813 13840 COP Billion [+]
Government Revenues 10779.16 9817 10094 9940 9875 9922 COP Billion [+]
Fiscal Expenditure 15660.60 14138 13699 13908 13812 13839 COP Billion [+]
Military Expenditure 12945.40 12651 12843 13035 13114 14452 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence -0.10 -0.92 -1.63 -1.22 -1.45 -1.37 [+]
Industrial Production -3.20 -1.89 -2.22 -2.34 -2.38 -2.42 percent [+]
Total Vehicle Sales 13120.00 14456 14179 14106 14083 14074 Cars [+]
Car Registrations 22384.00 21110 21118 21117 21117 21117 Cars [+]
Leading Economic Index 1.20 1.55 1.65 1.7 1.72 1.75 percent [+]
Cement Production 1048137.42 999245 1021235 1017137 1014394 1015727 Tonnes [+]
Competitiveness Index 4.30 4.3 4.3 4.3 4.3 4.32 Points [+]
Competitiveness Rank 61.00 60 60 60 62 62 [+]
Capacity Utilization 74.63 75.42 75.42 75.45 75.43 75.44 percent [+]
Corruption Index 37.00 37 37 36 36 36 Points [+]
Corruption Rank 90.00 89 91 92 94 92 [+]
Ease of Doing Business 53.00 49 48 47 47 45 [+]
Steel Production 90.00 102 100 100 101 101 Thousand Tonnes [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence -21.10 -19.13 -19.56 5.71 -19.45 -19.43 percent [+]
Retail Sales MoM 33.12 -2.74 1.94 1.58 2.28 2.05 percent [+]
Retail Sales YoY -7.20 -2.73 -3.04 -3.06 -3.04 -3.03 percent [+]
Consumer Spending 88479.00 89048 89463 89851 90286 95537 COP Billion [+]
Private Sector Credit 208270.17 211594 210609 210284 210079 209762 COP Million [+]
Gasoline Prices 0.72 0.75 0.76 0.76 0.76 0.76 USD/Liter [+]
Consumer Credit 114563.53 118277 120992 123640 126224 150815 COP Billion [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 114.20 121 123 125 127 148 Index Points [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 25.00 25.4 25.61 25.82 25.74 25.56 percent [+]
Personal Income Tax Rate 33.00 32.99 33 33 33 33 percent [+]
Sales Tax Rate 16.00 16 16 16 16 16 percent [+]
Social Security Rate 48.20 48.28 48.27 48.26 48.28 48.43 percent [+]
Social Security Rate For Companies 40.20 39.53 40.2 40.87 40.73 39.69 percent [+]
Social Security Rate For Employees 8.00 8.3 8.07 7.84 7.86 7.9 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. 4/23/2017