Full Year GDP Growth in Colombia increased to 1.60 percent in 2024 from 0.70 percent in 2023. Full Year GDP Growth in Colombia averaged 3.77 percent from 1971 until 2024, reaching an all time high of 10.80 percent in 2021 and a record low of -7.20 percent in 2020. source: Dane, Colombia
Full Year GDP Growth in Colombia is expected to reach 2.50 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Full Year GDP Growth is projected to trend around 2.80 percent in 2026 and 3.00 percent in 2027, according to our econometric models.
The biggest and the fastest growing sector of Colombian economy is services (53 percent of GDP) including: financing, insurance, real estate and business services; community, social and personal services; trade, repairs, restaurants and hotels and transport, warehousing and communication. Manufacturing, mining and quarrying create 20 percent of the wealth. Other sectors include: government (10 percent), agriculture, hunting, forestry and fishing (6.3 percent); construction (6 percent) and electricity, gas and water distribution (4 percent).
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
1.60 |
0.70 |
10.80 |
-7.20 |
1971 - 2024 |
percent |
Yearly |
NSA
|