Colombia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Colombia expanded 4.90 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Colombia is reported by the Dane, Colombia. GDP Annual Growth Rate in Colombia averaged 4.30 Percent from 2001 until 2013, reaching an all time high of 8 Percent in the first quarter of 2007 and a record low of 0.40 Percent in the fourth quarter of 2008. The biggest and the fastest growing sector of Colombian economy is services. Financing, insurance, real estate and business services; community, social and personal services; trade, repairs, restaurants and hotels and transport, warehousing and communication account for more than 53 percent of GDP. Manufacturing, mining and quarrying create 20 percent of the wealth. The government fuels 10 percent of the output. Agriculture, hunting, forestry and fishing account for 6.3 percent of GDP, construction for 6 percent and electricity, gas and water distribution for the remaining 4 percent. This page provides - Colombia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.90 5.40 8.00 0.40 4.73 | 2014/03 2001 - 2013 Percent Quarterly


Colombia GDP Annual Growth Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-20 05:00 PM Colombia
GDP Growth Rate YoY
Q1 2013 2.8% 3.1% 2.7% 2.87%
2013-09-19 05:06 PM Colombia
GDP Growth Rate YoY
Q2 2013 4.2% 2.8% 1.8%
2013-12-19 04:00 PM Colombia
GDP Growth Rate YoY
Q3 2013 5.1% 3.9% (R) 4.3% 3.12%
2014-03-20 04:10 PM Colombia
GDP Growth Rate YoY
Q4 2013 4.9% 5.4% (R) 4.8% 3.06%
2014-06-19 04:00 PM Colombia
GDP Growth Rate YoY
Q1 2014 4.9% 4.73%
2014-09-18 04:00 PM Colombia
GDP Growth Rate YoY
Q2 2014 4.99%

GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate 0.80 2013-12-31 0.80 3.50 -0.90 1.79 2014-03-31 Percent [+]
GDP Annual Growth Rate 4.90 2013-12-31 5.40 8.00 0.40 4.73 2014-03-31 Percent [+]
GDP per capita 4252.38 2012-12-31 4143.00 4252.38 1452.07 4462.36 2014-06-30 USD [+]
GDP per capita PPP 9124.45 2012-12-31 8889.74 9124.45 5182.86 9592.29 2014-06-30 USD [+]
GDP Constant Prices 124601.00 2013-11-15 123590.00 124601.00 3862.00 126406.82 2014-03-31 COP Billion [+]
Gross Fixed Capital Formation 34027.00 2013-11-15 34200.00 34472.00 9533.00 34552.27 2014-03-31 COP Billion [+]
GDP 369.80 2012-12-31 336.30 369.80 4.00 428.33 2014-06-30 USD Billion [+]

GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


Colombia Leaves Rates on Hold  
At its March 21st, 2014 meeting, Central Bank of Colombia left the benchmark interest rate steady at 3.25 percent and decided to extend its dollar purchase program, and buy up to $1 billion through June.
Colombia Posts $0.7B Trade Deficit  
In the first month of 2014, Colombian trade balance turned into a USD 0.7 billion gap, down from a USD 0.34 billion surplus in the previous month. Compared with the same month last year, the trade gap narrowed 79 percent, as imports shrank at a faster pace than exports.
Colombia Leaves Monetary Policy Unchanged  
At its February 28th, 2014 meeting, Central Bank of Colombia decided to leave the benchmark interest rate unchanged at 3.25 percent, as widely expected, saying that interest rates remain at levels that stimulate aggregate spending.
Colombian Trade Balance Returns to Surplus  
In December of 2013, Colombia’s trade balance turned into a USD 340 million surplus, up from a revised USD 100 million deficit in the previous month. A year earlier, the country recorded a USD 410 million surplus.
Colombia Holds Interest Rate Steady  
Colombia's central bank maintained its benchmark interest rate at 3.25 percent as expected as inflation continues to converge toward the bank’s 3.0 percent target and the economy is poised to pick up pace in 2014.
Colombia Trade Deficit Narrows in November  
Colombia trade balance turned into a USD 100 million deficit in November of 2013, decreasing from a USD 510 million deficit in the previous month and a USD 320 million deficit a year earlier. Exports rose 2.5 percent yoy, after falling in the previous two months.
Colombia Leaves Key Policy Rate on Hold in December  
At its December 20th meeting, Central Bank of Colombia decided by a unanimous vote to leave the benchmark interest rate unchanged at 3.25 percent, as the economy is improving.
Colombia Posts Trade Deficit for the Second Straight Month  
In October of 2013, Colombian trade balance turned into a deficit of USD 0.5 billion, from USD -0.3 billion in the previous month and a surplus of USD 0.23 billion last year. While exports recorded the second highest annual drop this year, imports from the US surged 20.5 percent.
Colombia Monetary Policy Unchanged in November  
Colombia’s Central Bank decided on November 27th to leave the benchmark interest rate on hold at 3.25 percent for the eight straight time, as widely expected.
Colombia Posts Trade Deficit in September  
In September of 2013, Colombian trade balance turned into a 0.3 USD billion deficit, from a 0.23 billion USD surplus a year earlier, as non-monetary gold sales reported a large drop, while imports were up by 10 percent.


Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.

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