Colombia Forecast: Real GDP Growth

1980 - 2028 | Yearly | % | International Monetary Fund

Key information about Colombia Forecast: Real GDP Growth

  • Colombia Real GDP Growth is forecasted to be 0.961 % in Dec 2023 as reported by International Monetary Fund.
  • It records no change from the last reported number of 7.496 % in Dec 2022.
  • Looking ahead, Colombia Real GDP Growth is projected to stand at 3.345 % in Dec 2028.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View Colombia's Forecast: Real GDP Growth from 1980 to 2028 in the chart:

Colombia Forecast: Real GDP Growth

What is Colombia's Forecast: Real GDP Growth in 2028?

Colombia Real GDP Growth is forecasted to be 0.961 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.345 2028 3.345 2027 -7.252 2020 11.016 2021 % yearly 1980 - 2028

Forecast: Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Afghanistan (%) -6.240 2022 yearly 2003 - 2022
Albania (%) 3.400 2028 yearly 1980 - 2028
Algeria (%) 1.782 2028 yearly 1980 - 2028
Andorra (%) 1.500 2028 yearly 2001 - 2028
Angola (%) 4.230 2028 yearly 1980 - 2028
Antigua and Barbuda (%) 2.685 2027 yearly 1980 - 2027
Argentina (%) 2.000 2027 yearly 1980 - 2027
Armenia (%) 4.500 2028 yearly 1993 - 2028
Aruba (%) 1.100 2028 yearly 1987 - 2028
Australia (%) 2.279 2027 yearly 1980 - 2027
Austria (%) 1.527 2028 yearly 1980 - 2028
Azerbaijan (%) 2.572 2028 yearly 1993 - 2028
Bahamas (%) 1.496 2027 yearly 1980 - 2027
Bahrain (%) 2.733 2028 yearly 1980 - 2028
Bangladesh (%) 9.531 2021 yearly 1980 - 2021
Barbados (%) 1.840 2027 yearly 1980 - 2027
Belarus (%) 0.741 2028 yearly 1993 - 2028
Belgium (%) 1.289 2028 yearly 1980 - 2028
Belize (%) 2.012 2027 yearly 1980 - 2027
Benin (%) 5.934 2028 yearly 1980 - 2028
Bhutan (%) 5.114 2029 yearly 1980 - 2029
Bolivia (%) 3.400 2027 yearly 1980 - 2027
Bosnia and Herzegovina (%) 3.000 2028 yearly 1997 - 2028
Botswana (%) 3.957 2028 yearly 1980 - 2028
Brazil (%) 2.015 2028 yearly 1980 - 2028
Brunei (%) 2.112 2027 yearly 1986 - 2027
Bulgaria (%) 2.840 2028 yearly 1980 - 2028
Burkina Faso (%) 5.258 2027 yearly 1980 - 2027
Burundi (%) 4.565 2027 yearly 1980 - 2027
Cambodia (%) 6.500 2027 yearly 1988 - 2027
Cameroon (%) 4.898 2027 yearly 1980 - 2027
Canada (%) 1.660 2029 yearly 1980 - 2029
Cape Verde (%) 4.498 2027 yearly 1980 - 2027
Central African Republic (%) 3.347 2028 yearly 1980 - 2028
Chad (%) 3.508 2027 yearly 1980 - 2027
Chile (%) 2.459 2027 yearly 1980 - 2027
China (%) 3.437 2028 yearly 1980 - 2028
Colombia (%) 3.345 2028 yearly 1980 - 2028
Comoros (%) 4.342 2027 yearly 1980 - 2027
Congo (%) 3.980 2028 yearly 1980 - 2028
Costa Rica (%) 3.243 2027 yearly 1980 - 2027
Croatia (%) 2.800 2028 yearly 1993 - 2028
Cyprus (%) 2.899 2028 yearly 1980 - 2028
Czech Republic (%) 2.501 2027 yearly 1996 - 2027
Democratic Republic of Congo (%) 6.482 2028 yearly 1980 - 2028
Denmark (%) 1.800 2027 yearly 1980 - 2027
Djibouti (%) 5.000 2028 yearly 1992 - 2028
Dominica (%) 2.685 2028 yearly 1980 - 2028
Dominican Republic (%) 4.985 2028 yearly 1980 - 2028
Ecuador (%) 2.751 2028 yearly 1980 - 2028
Egypt (%) 5.984 2028 yearly 1980 - 2028
El Salvador (%) 1.965 2027 yearly 1980 - 2027
Equatorial Guinea (%) -0.981 2027 yearly 1980 - 2027
Eritrea (%) 2.925 2028 yearly 1993 - 2028
Estonia (%) 3.300 2027 yearly 1994 - 2027
Swaziland (%) 2.278 2027 yearly 1980 - 2027
Ethiopia (%) 6.953 2028 yearly 1980 - 2028
Fiji (%) 3.459 2028 yearly 1980 - 2028
Finland (%) 1.514 2029 yearly 1980 - 2029
France (%) 1.450 2028 yearly 1980 - 2028
Gabon (%) 3.809 2027 yearly 1981 - 2027
Gambia (%) 5.000 2027 yearly 1980 - 2027
Georgia (%) 5.198 2028 yearly 1995 - 2028
Germany (%) 1.134 2028 yearly 1980 - 2028
Ghana (%) 6.774 2027 yearly 1980 - 2027
Greece (%) 1.355 2027 yearly 1980 - 2027
Grenada (%) 2.849 2027 yearly 1980 - 2027
Guatemala (%) 3.900 2028 yearly 1980 - 2028
Guinea (%) 5.187 2027 yearly 1980 - 2027
Guinea-Bissau (%) 5.000 2027 yearly 1981 - 2027
Guyana (%) 3.320 2027 yearly 1980 - 2027
Haiti (%) 1.500 2027 yearly 1980 - 2027
Honduras (%) 3.940 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.849 2027 yearly 1980 - 2027
Hungary (%) 3.150 2027 yearly 1980 - 2027
Iceland (%) 2.481 2029 yearly 1980 - 2029
India (%) 6.042 2029 yearly 1981 - 2029
Indonesia (%) 5.117 2027 yearly 1980 - 2027
Iran (%) 2.047 2029 yearly 1981 - 2029
Iraq (%) 2.625 2027 yearly 1999 - 2027
Ireland (%) 3.010 2027 yearly 1980 - 2027
Israel (%) 3.499 2027 yearly 1980 - 2027
Italy (%) 0.882 2028 yearly 1980 - 2028
Ivory Coast (%) 6.000 2028 yearly 1980 - 2028
Jamaica (%) 1.600 2027 yearly 1980 - 2027
Japan (%) 0.409 2028 yearly 1980 - 2028
Jordan (%) 3.300 2027 yearly 1980 - 2027
Kazakhstan (%) 2.778 2028 yearly 1993 - 2028
Kenya (%) 5.516 2027 yearly 1980 - 2027
Kiribati (%) 1.971 2027 yearly 1980 - 2027
South Korea (%) 2.340 2027 yearly 1980 - 2027
Kosovo (%) 3.800 2028 yearly 2001 - 2028
Kuwait (%) 2.655 2027 yearly 1980 - 2027
Kyrgyzstan (%) 3.977 2028 yearly 1993 - 2028
Laos (%) 4.496 2028 yearly 1980 - 2028
Latvia (%) 3.377 2027 yearly 1993 - 2027
Lebanon (%) -22.000 2020 yearly 1980 - 2020
Lesotho (%) 2.084 2030 yearly 1981 - 2030
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

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Colombia Key Series

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Includes 240 key indicators for Colombia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.2 Sep 2023 quarterly Dec 2000 - Sep 2023
Consolidated Fiscal Balance (USD mn) 3,323.396 Sep 2023 quarterly Mar 1995 - Sep 2023
Tax Revenue (USD mn) 3,930.503 Feb 2024 monthly Jan 1999 - Feb 2024
Tax Revenue: % of GDP (%) 13.1 Dec 2023 quarterly Mar 2000 - Dec 2023
National Government Debt (USD mn) 226,036.5 Sep 2023 quarterly Dec 2001 - Sep 2023
Government Debt: % of GDP (%) 59.0 Sep 2023 quarterly Dec 2005 - Sep 2023
Forecast: Government Expenditure (COP bn) 710,187.230 2028 yearly 1982 - 2028
Forecast: Government Net Debt (COP bn) 1,224,179.732 2029 yearly 1996 - 2029
Forecast: Government Revenue (COP bn) 667,655.950 2028 yearly 1980 - 2028
Central Government: Revenue (COP bn) 19,365.697 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government: Expenditure (COP bn) 42,043.824 Dec 2023 monthly Jan 1995 - Dec 2023
Tax Collection: Internal: VAT (COP mn) 1,298,396.060 Feb 2024 monthly Jan 1999 - Feb 2024
Tax Collection: Internal: Income Tax (COP mn) 9,745,376.266 Feb 2024 monthly Jan 1999 - Feb 2024
Tax Collection: Total (COP mn) 15,454,149.450 Feb 2024 monthly Jan 1999 - Feb 2024
Tax Collection: Internal: Petrol & Diesel Fuel Tax (COP mn) 203,872.641 Mar 2024 monthly Jan 2000 - Mar 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.416 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,010.1 Feb 2024 monthly Jan 1958 - Feb 2024
Total Exports (USD mn) 3,830.7 Mar 2024 monthly Jan 1970 - Mar 2024
Total Exports Growth (%) -14.2 Mar 2024 monthly Jan 1971 - Mar 2024
Aluminum: Exports (USD th) 60,040.092 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 361,386.398 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 56,465.291 2022 yearly 1995 - 2022
Total Imports (USD mn) 4,820.6 Feb 2024 monthly Jan 1980 - Feb 2024
Total Imports Growth (%) -4.7 Feb 2024 monthly Jan 1981 - Feb 2024
Imports: Medicament (USD th) 2,136,175.945 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,809,154.500 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 1,025.974 Feb 2024 monthly Jan 2008 - Feb 2024
Total Imports from USA (USD mn) 1,116.366 Feb 2024 monthly Jan 1981 - Feb 2024
Total Exports to China (USD mn) 110.608 Feb 2024 monthly Jan 2008 - Feb 2024
Total Imports from China (USD mn) 1,171.482 Feb 2024 monthly Jun 1988 - Feb 2024
Trade Balance: ytd: Total (USD mn) -1,846.629 Feb 2024 monthly Jan 2006 - Feb 2024
Terms of Trade Index (2000=100) 123.029 Mar 2024 monthly Jan 1980 - Mar 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 644.8 Dec 2023 quarterly Mar 1996 - Dec 2023
Current Account Balance (USD mn) -2,293.1 Dec 2023 quarterly Mar 1996 - Dec 2023
Current Account Balance: % of GDP (%) -2.3 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Direct Investment (USD mn) 3,946.2 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Direct Investment: % of GDP (%) 3.9 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment (USD mn) 2,098.116 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 2.1 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -60.4 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 2,158.524 Dec 2023 quarterly Mar 1996 - Dec 2023
External Debt (USD mn) 198,034.1 Jan 2024 monthly Jan 2001 - Jan 2024
External Debt: % of GDP (%) 53.7 2023 yearly 1970 - 2023
External Debt: Short Term (USD mn) 30,608.0 Mar 2023 monthly Oct 1999 - Mar 2023
External Debt: Short Term: % of GDP (%) 9.0 2023 yearly 1970 - 2023
Forecast: Current Account Balance (USD bn) -17.588 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -192,316.208 Dec 2023 quarterly Mar 2000 - Dec 2023
CO: BoP: Current Account: Goods: Debit (USD mn) 59,373.304 2023 yearly 1968 - 2023
CO: BoP: Current Account: Goods: Credit (USD mn) 52,505.834 2023 yearly 1968 - 2023
CO: BoP: Current Account: Primary Income: Credit (USD mn) 8,812.685 2023 yearly 1968 - 2023
CO: BoP: Current Account: Services: Credit (USD mn) 15,256.226 2023 yearly 1968 - 2023
CO: BoP: Current Account: Services (USD mn) -1,353.014 2023 yearly 1968 - 2023
CO: BoP: Current Account: Primary Income (USD mn) -14,404.822 2023 yearly 1968 - 2023
CO: BoP: Current Account: Primary Income: Debit (USD mn) 23,217.507 2023 yearly 1968 - 2023
CO: BoP: Current Account: Secondary Income: Debit (USD mn) 1,469.613 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Direct Investment: Assets (USD mn) 1,211.110 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Other Investment: Assets (USD mn) 3,945.744 2023 yearly 1968 - 2023
CO: BoP: Current Account: Goods (USD mn) -6,867.470 2023 yearly 1968 - 2023
CO: BoP: Current Account: Credit (USD mn) 90,954.306 2023 yearly 1968 - 2023
CO: BoP: Current Account (USD mn) -9,715.359 2023 yearly 1968 - 2023
CO: BoP: Current Account: Debit (USD mn) 100,669.664 2023 yearly 1968 - 2023
CO: BoP: Current Account: Secondary Income (USD mn) 12,909.948 2023 yearly 1968 - 2023
CO: BoP: Current Account: Secondary Income: Credit (USD mn) 14,379.560 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Direct Investment: Liabilities (USD mn) 17,446.182 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Portfolio Investment: Liabilities (USD mn) 1,116.850 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Portfolio Investment (USD mn) 8,656.900 2023 yearly 1968 - 2023
CO: BoP: Financial Account (USD mn) -8,879.571 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 19.924 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Other Investment: Liabilities (USD mn) 4,389.329 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Other Investment (USD mn) -443.585 2023 yearly 1968 - 2023
CO: BoP: Net Errors & Omissions (USD mn) 835.787 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Official Reserve Assets (USD mn) 1,716.572 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 1,096.926 2023 yearly 1968 - 2023
CO: IIP: Liabilities (USD mn) 448,224.598 2023 yearly 1980 - 2023
BoP: BPM6: Financial Account: Other Investment (USD mn) -2,561.420 Dec 2018 quarterly Mar 2000 - Dec 2018
BoP: BPM6: Current Account: Goods & Services: Goods: Credit (USD mn) 13,093.167 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Financial Account (USD mn) -1,621.189 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Current Account: Goods & Services: Goods: Debit (USD mn) 14,962.281 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Current Account: Goods & Services: Goods (USD mn) -1,869.114 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Errors and Omissions (USD mn) 671.946 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Current Account: Goods & Services: Services: Credit (USD mn) 4,042.069 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Current Account: Debit (USD mn) 25,571.971 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Current Account: Credit (USD mn) 23,278.835 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Financial Account: Direct Investment: Acquisition of Financial Assets... (USD mn) 644.812 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Financial Account: Portfolio Investment (USD mn) 1,495.761 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Financial Account: Portfolio Investment: Acquisition of Financial Ass... (USD mn) 3,593.877 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Financial Account: Portfolio Investment: LI: Equity & Investment Fund... (USD mn) -60.408 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Financial Account: Portfolio Investment: Liabilities Incurred (LI) (USD mn) 2,098.116 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Financial Account: Derivatives: Net Acquisition of Financial Assets (USD mn) -879.337 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Financial Account: Portfolio Investment: LI: Debt Securities (USD mn) 2,158.524 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Financial Account: Derivatives: Net Liabilities Incurred (USD mn) 0.000 Dec 2023 quarterly Mar 2000 - Dec 2023
BoP: BPM6: Financial Account: Other Investment: Liabilities Incurred (LI) (USD mn) 2,036.674 Dec 2023 quarterly Mar 2000 - Dec 2023
IIP: Assets (USD mn) 255,908.980 Dec 2023 quarterly Mar 2000 - Dec 2023
International Investment Position (IIP) (USD mn) -192,316.208 Dec 2023 quarterly Mar 2000 - Dec 2023
IIP: Liabilities (USD mn) 448,225.188 Dec 2023 quarterly Mar 2000 - Dec 2023
External Debt: Private Sector: Total (USD mn) 83,896.824 Jan 2024 monthly Jan 2001 - Jan 2024
External Debt: Total: Long Term (USD mn) 164,439.370 Jan 2024 monthly Jan 2001 - Jan 2024
External Debt: Public Sector: Total (USD mn) 114,137.323 Jan 2024 monthly Jan 2001 - Jan 2024
CO: BOP: Financial Account: Net (USD mn) -20,718.462 2022 yearly 1968 - 2022
CO: BOP: Current Account: Primary Income: Payments (USD mn) 24,424.068 2022 yearly 1968 - 2022
CO: BOP: Current Account: Imports: Goods (USD mn) 71,651.701 2022 yearly 1968 - 2022
CO: BOP: Current Account: Imports: Service (USD mn) 17,887.836 2022 yearly 1968 - 2022
CO: BOP: Current Account: Balance (USD mn) -21,525.871 2022 yearly 1968 - 2022
CO: BOP: Current Account: Primary Income: Receipts (USD mn) 7,017.005 2022 yearly 1968 - 2022
CO: BOP: Current Account: Exports: Service (USD mn) 13,488.331 2022 yearly 1968 - 2022
CO: BOP: Current Account: Net Trade: Goods (USD mn) -12,027.549 2022 yearly 1968 - 2022
CO: BOP: Current Account: Personal Remittances: Received (USD mn) 9,454.508 2022 yearly 1970 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.1 Feb 2024 monthly Apr 1995 - Feb 2024
Household Debt: % of GDP (%) 32.3 Dec 2023 quarterly Dec 2015 - Dec 2023
Money Supply M1 (USD mn) 38,979.482 May 2023 monthly Jan 1984 - May 2023
Money Supply M2 (USD mn) 161,207.989 May 2023 monthly Dec 1979 - May 2023
M2 Growth (%) 6.9 Mar 2024 monthly Dec 1980 - Mar 2024
Reserve Requirement Ratio (%) 8.0 Mar 2024 monthly Jun 2008 - Mar 2024
Foreign Exchange Reserves (USD mn) 55,044.5 Mar 2024 monthly Dec 1956 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 14.945 Dec 2023 quarterly Dec 2000 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 11.3 Feb 2024 monthly Jan 1980 - Feb 2024
Gold Reserves (USD mn) 331.700 Mar 2024 monthly Dec 1956 - Mar 2024
Domestic Credit (USD mn) 215,262.9 Jan 2024 monthly Jan 1993 - Jan 2024
Domestic Credit Growth (%) 5.4 Jan 2024 monthly Jan 1994 - Jan 2024
Credit to Households (USD bn) 104.702 Sep 2023 quarterly Dec 1996 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 223.600 Sep 2023 quarterly Dec 1996 - Sep 2023
Household Debt (USD mn) 79,122.8 Feb 2024 monthly Apr 1995 - Feb 2024
Total Loans (USD mn) 171,491.269 Feb 2024 monthly Apr 1995 - Feb 2024
Total Loans Growth (%) 1.49 Feb 2024 monthly Apr 1996 - Feb 2024
Private Debt: % of Nominal GDP (%) 42.53 Dec 2023 quarterly Dec 2005 - Dec 2023
Monetary Base (COP bn) 144,893.933 Mar 2024 monthly Jan 1980 - Mar 2024
Money Supply: M3 (COP bn) 813,122.128 Mar 2024 monthly Jan 1982 - Mar 2024
Net International Reserves: Gross (USD mn) 60,023.611 Mar 2024 monthly Jan 1960 - Mar 2024
Net International Reserves: Gross: Gold (USD mn) 331.700 Mar 2024 monthly Jan 1980 - Mar 2024
Credits Institutions: Credit Balance Including Leasing: Gross (COP bn) 674,571.194 Feb 2024 monthly Apr 1995 - Feb 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -6.1 Mar 2024 monthly Jan 1981 - Mar 2024
IOS: Business Climate Indicators: Favorable Situation (%) 70.200 Jan 2023 monthly Oct 2006 - Jan 2023

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