Colombia Real GDP Growth

2001 - 2022 | Quarterly | % | CEIC Data

Key information about Colombia Real GDP Growth

  • The Gross Domestic Product (GDP) in Colombia expanded 2.9 % YoY in Dec 2022, following a growth of 7.7 % in the previous quarter.
  • Real GDP Growth YoY data in Colombia is updated quarterly, available from Mar 2001 to Dec 2022, with an average rate of 3.7 %.
  • The data reached an all-time high of 18.6 % in Jun 2021 and a record low of -16.6 % in Jun 2020.
CEIC calculates Real GDP Growth from quarterly Real GDP. National Administrative Department of Statistics provides Real GDP in local currency based on SNA 2008, at chain linked 2015 prices. Real GDP Growth prior to Q1 2006 is calculated from Real GDP based on SNA 1993, at chain linked 2005 prices.


Related information about Colombia Real GDP Growth

  • In the latest reports, Nominal GDP of Colombia reached 79.5 USD bn in Dec 2022.
  • Its GDP deflator (implicit price deflator) increased 14.0 % in Dec 2022.
  • GDP Per Capita in Colombia reached 6,239.3 USD in Dec 2021.
  • Its Gross Savings Rate was measured at 8.6 % in Dec 2022.
  • For Nominal GDP contributions, Investment accounted for 14.7 % in Dec 2022.
  • Public Consumption accounted for 17.0 % in Dec 2022.
  • Private Consumption accounted for 74.5 % in Dec 2022.

View Colombia's Real GDP Growth from Mar 2001 to Dec 2022 in the chart:

Colombia Real GDP Growth

What was Colombia's Real GDP Growth in Dec 2022?

The Gross Domestic Product (GDP) in Colombia expanded 2.9 % YoY in Dec 2022, following a growth of 7.7 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.9 Dec 2022 7.7 Sep 2022 -16.6 Jun 2020 18.6 Jun 2021 % quarterly Mar 2001 - Dec 2022

Real GDP Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 4.7 Dec 2022 quarterly Mar 2010 - Dec 2022
Algeria (%) 3.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Argentina (%) 1.2 Mar 2023 quarterly Mar 2005 - Mar 2023
Armenia (%) 12.1 Mar 2023 quarterly Mar 2001 - Mar 2023
Australia (%) 2.7 Dec 2022 quarterly Sep 1960 - Dec 2022
Austria (%) 1.8 Mar 2023 quarterly Mar 1989 - Mar 2023
Azerbaijan (%) 4.6 Jun 2024 quarterly Mar 2001 - Jun 2024
Bahrain (%) 1.3 Jun 2024 quarterly Mar 2009 - Jun 2024
Bangladesh (%) 7.1 2022 yearly 2007 - 2022
Belarus (%) -2.0 Mar 2023 quarterly Mar 2006 - Mar 2023
Belgium (%) 1.9 Sep 2022 quarterly Mar 1996 - Sep 2022
Bolivia (%) 4.3 Jun 2022 quarterly Mar 1991 - Jun 2022
Bosnia and Herzegovina (%) 2.6 Sep 2022 quarterly Mar 2009 - Sep 2022
Botswana (%) 6.3 Sep 2022 quarterly Mar 1995 - Sep 2022
Brazil (%) 3.4 Mar 2023 quarterly Mar 1997 - Mar 2023
Brunei (%) 0.9 Sep 2022 quarterly Mar 2005 - Sep 2022
Bulgaria (%) 2.3 Dec 2022 quarterly Mar 1996 - Dec 2022
Cambodia (%) 5.3 2022 yearly 1994 - 2022
Canada (%) 2.1 Dec 2022 quarterly Mar 1962 - Dec 2022
Chile (%) -0.1 Sep 2022 quarterly Mar 1987 - Sep 2022
China (%) 4.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Colombia (%) 2.9 Dec 2022 quarterly Mar 2001 - Dec 2022
Croatia (%) 4.0 Dec 2022 quarterly Mar 1996 - Dec 2022
Cyprus (%) 3.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Czech Republic (%) 0.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Denmark (%) 1.5 Dec 2022 quarterly Mar 1992 - Dec 2022
Ecuador (%) 3.2 Sep 2022 quarterly Mar 1994 - Sep 2022
Egypt (%) 4.4 Sep 2022 quarterly Sep 2002 - Sep 2022
Estonia (%) -4.4 Dec 2022 quarterly Mar 1996 - Dec 2022
European Union (%) 1.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Finland (%) -0.3 Mar 2023 quarterly Mar 1976 - Mar 2023
France (%) 0.9 Mar 2023 quarterly Mar 1950 - Mar 2023
Georgia (%) 9.7 Dec 2022 quarterly Mar 1998 - Dec 2022
Germany (%) -0.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Ghana (%) 1.6 Jun 2024 quarterly Jun 2006 - Jun 2024
Greece (%) 5.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Hong Kong SAR, China (%) 2.8 Mar 2023 quarterly Mar 1991 - Mar 2023
Hungary (%) 0.8 Dec 2022 quarterly Mar 1996 - Dec 2022
Iceland (%) 6.1 Mar 2023 quarterly Mar 1996 - Mar 2023
India (%) 4.4 Dec 2022 quarterly Jun 2005 - Dec 2022
Indonesia (%) 5.0 Dec 2022 quarterly Mar 1994 - Dec 2022
Iran (%) 5.0 Mar 2022 quarterly Jun 1989 - Mar 2022
Ireland (%) -0.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Israel (%) 2.5 Dec 2022 quarterly Mar 1996 - Dec 2022
Italy (%) 1.4 Dec 2022 quarterly Mar 1982 - Dec 2022
Ivory Coast (%) 6.8 2022 yearly 1966 - 2022
Japan (%) 0.4 Dec 2022 quarterly Mar 1956 - Dec 2022
Jordan (%) 2.8 Mar 2023 quarterly Mar 1993 - Mar 2023
Kazakhstan (%) 3.4 Mar 2023 quarterly Mar 2006 - Mar 2023
Kenya (%) 5.2 Sep 2022 quarterly Mar 2010 - Sep 2022
South Korea (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Kosovo (%) 4.3 Jun 2024 quarterly Mar 2011 - Jun 2024
Kuwait (%) -1.6 Jun 2024 quarterly Jun 2010 - Jun 2024
Kyrgyzstan (%) 7.0 Dec 2022 quarterly Mar 2007 - Dec 2022
Laos (%) 3.5 2021 yearly 2003 - 2021
Latvia (%) 0.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Lebanon (%) 2.0 2021 yearly 2012 - 2021
Lithuania (%) -0.4 Dec 2022 quarterly Jun 1995 - Dec 2022
Luxembourg (%) -2.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Macau SAR, China (%) -23.4 Dec 2022 quarterly Mar 2002 - Dec 2022
North Macedonia (%) 0.6 Dec 2022 quarterly Mar 2001 - Dec 2022
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) 7.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Malta (%) 4.6 Mar 2024 quarterly Mar 2001 - Mar 2024
Mauritius (%) 7.4 Sep 2022 quarterly Mar 2001 - Sep 2022
Mexico (%) 3.7 Dec 2022 quarterly Mar 1981 - Dec 2022
Moldova (%) -10.3 Sep 2022 quarterly Mar 1996 - Sep 2022
Mongolia (%) 7.7 Dec 2022 quarterly Mar 2011 - Dec 2022
Montenegro (%) 2.7 Jun 2024 quarterly Mar 2011 - Jun 2024
Morocco (%) 0.5 Dec 2022 quarterly Mar 2008 - Dec 2022
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 3.3 2023 yearly 2011 - 2023
Nepal (%) 1.0 Jun 2024 quarterly Dec 2004 - Jun 2024
Netherlands (%) 2.1 Mar 2023 quarterly Mar 1997 - Mar 2023
New Zealand (%) 1.8 Mar 2023 quarterly Jun 1983 - Mar 2023
Nigeria (%) 2.3 Mar 2023 quarterly Mar 2011 - Mar 2023
Norway (%) 1.8 Dec 2022 quarterly Mar 1979 - Dec 2022
Oman (%) 3.1 2021 yearly 1999 - 2021
Pakistan (%) 1.7 2023 yearly 2001 - 2023
Palestinian Territory (%) 4.8 Jun 2024 quarterly Jun 2000 - Jun 2024
Panama (%) 9.5 Sep 2022 quarterly Mar 2008 - Sep 2022
Paraguay (%) 5.2 Mar 2023 quarterly Mar 1995 - Mar 2023
Peru (%) -0.4 Mar 2023 quarterly Mar 1981 - Mar 2023
Philippines (%) 7.1 Dec 2022 quarterly Mar 1999 - Dec 2022
Poland (%) 0.4 Dec 2022 quarterly Mar 1996 - Dec 2022
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) -0.0 Dec 2023 quarterly Mar 2012 - Dec 2023
Romania (%) 2.9 Mar 2023 quarterly Mar 1996 - Mar 2023
Russia (%) -2.6 Mar 2023 quarterly Mar 1996 - Mar 2023
Saudi Arabia (%) -3.7 Dec 2023 quarterly Mar 2011 - Dec 2023
Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Singapore (%) 0.4 Mar 2023 quarterly Mar 1976 - Mar 2023
Slovakia (%) 1.2 Dec 2022 quarterly Mar 1994 - Dec 2022
Slovenia (%) 0.8 Jun 2024 quarterly Mar 1996 - Jun 2024
South Africa (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Spain (%) 2.7 Dec 2022 quarterly Mar 1996 - Dec 2022
Sri Lanka (%) -12.4 Dec 2022 quarterly Mar 2011 - Dec 2022
Sudan (%) -1.9 2021 yearly 1983 - 2021
Sweden (%) -0.1 Dec 2022 quarterly Mar 1982 - Dec 2022
Switzerland (%) 0.7 Mar 2023 quarterly Mar 1966 - Mar 2023

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Colombia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.0 Dec 2023 quarterly Dec 2000 - Dec 2023
Consolidated Fiscal Balance (USD mn) -11,124.180 Dec 2023 quarterly Mar 1995 - Dec 2023
Tax Revenue (USD mn) 6,698.725 Sep 2024 monthly Jan 1999 - Sep 2024
Tax Revenue: % of GDP (%) 16.8 Jun 2024 quarterly Mar 2000 - Jun 2024
National Government Debt (USD mn) 241,886.6 Dec 2023 quarterly Dec 2001 - Dec 2023
Government Debt: % of GDP (%) 58.8 Dec 2023 quarterly Dec 2005 - Dec 2023
Forecast: Government Expenditure (COP bn) 719,334.932 2029 yearly 1982 - 2029
Forecast: Government Net Debt (COP bn) 1,271,815.519 2029 yearly 1996 - 2029
Forecast: Government Revenue (COP bn) 665,180.008 2029 yearly 1980 - 2029
Central Government: Revenue (COP bn) 22,026.457 Apr 2024 monthly Jan 1995 - Apr 2024
Central Government: Expenditure (COP bn) 39,049.628 Apr 2024 monthly Jan 1995 - Apr 2024
Tax Collection: Internal: Petrol & Diesel Fuel Tax (COP mn) 204,046.892 Sep 2024 monthly Jan 2000 - Sep 2024
Tax Collection: Total (COP mn) 28,080,116.572 Sep 2024 monthly Jan 1999 - Sep 2024
Tax Collection: Internal: VAT (COP mn) 10,960,973.590 Sep 2024 monthly Jan 1999 - Sep 2024
Tax Collection: Internal: Income Tax (COP mn) 10,163,677.987 Sep 2024 monthly Jan 1999 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.416 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,687.9 Aug 2024 monthly Jan 1958 - Aug 2024
Total Exports (USD mn) 4,130.8 Sep 2024 monthly Jan 1970 - Sep 2024
Total Exports Growth (%) -0.9 Sep 2024 monthly Jan 1971 - Sep 2024
Aluminum: Exports (USD th) 55,621.914 2023 yearly 1995 - 2023
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) 5,532.9 Aug 2024 monthly Jan 1980 - Aug 2024
Total Imports Growth (%) 4.6 Aug 2024 monthly Jan 1981 - Aug 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) 1,334.599 Sep 2024 monthly Jan 2008 - Sep 2024
Total Imports from USA (USD mn) 1,438.083 Aug 2024 monthly Jan 1981 - Aug 2024
Total Exports to China (USD mn) 93.077 Sep 2024 monthly Jan 2008 - Sep 2024
Total Imports from China (USD mn) 1,498.623 Aug 2024 monthly Jun 1988 - Aug 2024
Trade Balance: ytd: Total (USD mn) -6,888.209 Aug 2024 monthly Jan 2006 - Aug 2024
Terms of Trade Index (2000=100) 126.670 Sep 2024 monthly Jan 1980 - Sep 2024
Import Value Index (2015=100) 113.030 2021 yearly 1980 - 2021
Export Value Index (2015=100) 112.879 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,028.8 Jun 2024 quarterly Mar 1996 - Jun 2024
Current Account Balance (USD mn) -1,630.4 Jun 2024 quarterly Mar 1996 - Jun 2024
Current Account Balance: % of GDP (%) -1.6 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Direct Investment (USD mn) 2,841.4 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Direct Investment: % of GDP (%) 2.7 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Portfolio Investment (USD mn) 1,502.708 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 1.5 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 127.9 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 1,374.856 Jun 2024 quarterly Mar 1996 - Jun 2024
External Debt (USD mn) 197,537.6 Jul 2024 monthly Jan 2001 - Jul 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 (%) 8.6 2023 yearly 1970 - 2023
Forecast: Current Account Balance (USD bn) -17.950 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -187,676.980 Jun 2024 quarterly Mar 2000 - Jun 2024
CO: BoP: Financial Account: Official Reserve Assets (USD mn) 1,716.572 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 19.924 2023 yearly 1968 - 2023
BoP: BPM6: Financial Account: Other Investment (USD mn) -2,561.420 Dec 2018 quarterly Mar 2000 - Dec 2018
IIP: Liabilities (USD mn) 452,015.305 Jun 2024 quarterly Mar 2000 - Jun 2024
International Investment Position (IIP) (USD mn) -187,676.980 Jun 2024 quarterly Mar 2000 - Jun 2024
IIP: Assets (USD mn) 264,338.324 Jun 2024 quarterly Mar 2000 - Jun 2024
External Debt: Private Sector: Total (USD mn) 84,345.823 Jul 2024 monthly Jan 2001 - Jul 2024
External Debt: Total: Long Term (USD mn) 165,921.578 Jul 2024 monthly Jan 2001 - Jul 2024
External Debt: Public Sector: Total (USD mn) 113,191.793 Jul 2024 monthly Jan 2001 - Jul 2024
FDI: Manufacturing (USD mn) 763.631 Jun 2024 quarterly Mar 1996 - Jun 2024
FDI: Wholesale & Retail Trade, Hotels & Restaurants (USD mn) 275.257 Jun 2024 quarterly Mar 1996 - Jun 2024
FDI: Transport, Storage & Communications (USD mn) -314.938 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Direct Investment (FDI) (USD mn) 2,841.384 Jun 2024 quarterly Mar 1996 - Jun 2024
FDI: Petroleum (USD mn) 671.822 Jun 2024 quarterly Mar 1996 - Jun 2024
CO: BOP: Net Errors and Omissions (USD mn) 868.419 2023 yearly 1968 - 2023
CO: BOP: Financial Account: Net (USD mn) -8,285.356 2023 yearly 1968 - 2023
CO: BOP: Current Account: Exports: Service (USD mn) 15,643.889 2023 yearly 1968 - 2023
CO: BOP: Current Account: Primary Income: Payments (USD mn) 22,877.227 2023 yearly 1968 - 2023
CO: BOP: Current Account: Net Trade: Goods (USD mn) -6,731.579 2023 yearly 1968 - 2023
CO: BOP: Current Account: Primary Income: Receipts (USD mn) 8,777.204 2023 yearly 1968 - 2023
CO: BOP: Current Account: Imports: Service (USD mn) 16,901.672 2023 yearly 1968 - 2023
CO: BOP: Current Account: Imports: Goods (USD mn) 59,373.499 2023 yearly 1968 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.1 Aug 2024 monthly Apr 1995 - Aug 2024
Household Debt: % of GDP (%) 31.5 Jun 2024 quarterly Dec 2015 - Jun 2024
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 (%) 7.2 Sep 2024 monthly Dec 1980 - Sep 2024
Reserve Requirement Ratio (%) 8.0 Oct 2024 monthly Jun 2008 - Oct 2024
Foreign Exchange Reserves (USD mn) 57,726.1 Aug 2024 monthly Dec 1956 - Aug 2024
Foreign Exchange Reserves: % of GDP (%) 14.244 Mar 2024 quarterly Dec 2000 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 10.4 Aug 2024 monthly Jan 1980 - Aug 2024
Gold Reserves (USD mn) 398.300 Sep 2024 monthly Dec 1956 - Sep 2024
Domestic Credit (USD mn) 208,887.9 Jul 2024 monthly Jan 1993 - Jul 2024
Domestic Credit Growth (%) 6.3 Jul 2024 monthly Jan 1994 - Jul 2024
Credit to Households (USD bn) 111.713 Dec 2023 quarterly Dec 1996 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 238.500 Dec 2023 quarterly Dec 1996 - Dec 2023
Household Debt (USD mn) 74,343.3 Aug 2024 monthly Apr 1995 - Aug 2024
Total Loans (USD mn) 163,994.265 Aug 2024 monthly Apr 1995 - Aug 2024
Total Loans Growth (%) 1.41 Aug 2024 monthly Apr 1996 - Aug 2024
Private Debt: % of Nominal GDP (%) 41.60 Jun 2024 quarterly Dec 2005 - Jun 2024
Monetary Base (COP bn) 148,498.330 Sep 2024 monthly Jan 1980 - Sep 2024
Money Supply: M3 (COP bn) 832,952.701 Sep 2024 monthly Jan 1982 - Sep 2024
Net International Reserves: Gross: Gold (USD mn) 398.300 Sep 2024 monthly Jan 1980 - Sep 2024
Net International Reserves: Gross (USD mn) 63,613.215 Sep 2024 monthly Jan 1960 - Sep 2024
Credits Institutions: Credit Balance Including Leasing: Gross (COP bn) 682,266.982 Aug 2024 monthly Apr 1995 - Aug 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 0.5 Sep 2024 monthly Jan 1981 - Sep 2024
IOS: Business Climate Indicators: Better Expectations (%) 34.700 Jan 2023 monthly Oct 2006 - Jan 2023
IOS: Business Climate Indicators: Favorable Situation (%) 70.200 Jan 2023 monthly Oct 2006 - Jan 2023

More Indicators for Colombia

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