Colombia GDP Annual Growth Rate  2001-2017 | Data | Chart | Calendar

The Colombian economy advanced 1.6 percent year-on-year in the last quarter of 2016, higher than a 1.2 percent expansion in the previous period and better than market expectations of 1.4 percent growth. Finance, insurance and real estate expanded 5 percent (3.9 percent in Q3) and internal trade grew by 1.6 percent (0.1 percent in Q3). Meantime, output expanded at a slower pace in social services (0.9 percent vs 1.8 percent in Q3), manufacturing (1 percent vs 2 percent in Q3) and construction (3.5 percent vs 5.8 percent in Q3) while recovered in agriculture (2 percent vs -1.7 percent in Q3). In addition, transport and communication fell less (-0.1 percent vs -1.2 percent in Q3) while mining contracted more (-8.2 percent vs -6.1 in Q3). On a quarterly basis, the GDP advanced 1 percent, higher than a 0.3 percent growth in the previous period. Considering full 2016, the Colombian economy grew 2 percent compared to 3.1 percent in 2015. GDP Annual Growth Rate in Colombia averaged 4.11 percent from 2001 until 2016, reaching an all time high of 8 percent in the first quarter of 2007 and a record low of 0.30 percent in the fourth quarter of 2008.

Colombia GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-29 04:00 PM Q2 2% 2.5% 2.3% 2.4%
2016-11-25 04:00 PM Q3 1.2% 2% 2.1%
2017-02-22 04:00 PM Q4 1.6% 1.2% 1.4% 1.4%
2017-06-01 04:00 PM Q1 1.6% 1.9%
2017-08-31 04:00 PM Q2 1.8%
2017-11-24 04:00 PM Q3 2.1%




Colombia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.30 3.40 -0.90 percent [+]
GDP Annual Growth Rate 1.60 1.20 8.00 0.30 percent [+]
GDP 292.08 378.42 380.19 4.00 USD Billion [+]
GDP Constant Prices 136604.00 135169.00 136604.00 70990.00 COP Billion [+]
Gross Fixed Capital Formation 37438.00 37850.00 39323.00 9545.00 COP Billion [+]
GDP per capita 7447.88 7291.22 7447.88 2213.22 USD [+]
GDP per capita PPP 12988.34 12715.14 12988.34 7533.52 USD [+]



Colombia GDP Annual Growth Rate Notes

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. Colombia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.20 8.00 0.30 2001 - 2016 percent Quarterly



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