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.
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:
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 (%) | 1.7 Sep 2024 | quarterly | Jun 2006 - Sep 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 (%) | 4.0 Sep 2024 | quarterly | Mar 2011 - Sep 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 (%) | 1.0 Sep 2024 | quarterly | Mar 1996 - Sep 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 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doColombia Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -8.5 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
| Consolidated Fiscal Balance (USD mn) | -21,992.937 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Tax Revenue (USD mn) | 3,976.151 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Tax Revenue: % of GDP (%) | 16.3 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| National Government Debt (USD mn) | 242,468.3 Jun 2024 | quarterly | Dec 2001 - Jun 2024 |
| Government Debt: % of GDP (%) | 62.2 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| 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: VAT (COP mn) | 1,668,751.462 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Tax Collection: Internal: Income Tax (COP mn) | 9,711,188.764 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Tax Collection: Total (COP mn) | 16,929,496.535 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
| Tax Collection: Internal: Petrol & Diesel Fuel Tax (COP mn) | 219,147.703 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.416 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,031.9 Sep 2024 | monthly | Jan 1958 - Sep 2024 |
| Total Exports (USD mn) | 4,311.8 Oct 2024 | monthly | Jan 1970 - Oct 2024 |
| Total Exports Growth (%) | 3.8 Oct 2024 | monthly | Jan 1971 - Oct 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) | 5,162.8 Sep 2024 | monthly | Jan 1980 - Sep 2024 |
| Total Imports Growth (%) | 4.4 Sep 2024 | monthly | Jan 1981 - Sep 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) | 1,161.495 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| Total Imports from USA (USD mn) | 1,221.174 Sep 2024 | monthly | Jan 1981 - Sep 2024 |
| Total Exports to China (USD mn) | 88.414 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| Total Imports from China (USD mn) | 1,376.598 Sep 2024 | monthly | Jun 1988 - Sep 2024 |
| Trade Balance: ytd: Total (USD mn) | -7,576.055 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Terms of Trade Index (2000=100) | 129.577 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
| Import Value Index (2015=100) | 113.030 2021 | yearly | 1980 - 2021 |
| Export Value Index (2015=100) | 112.879 2021 | yearly | 1980 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.0 Oct 2024 | monthly | Apr 1995 - Oct 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 (%) | 7.8 Oct 2024 | monthly | Dec 1980 - Oct 2024 |
| Reserve Requirement Ratio (%) | 8.0 Nov 2024 | monthly | Jun 2008 - Nov 2024 |
| Foreign Exchange Reserves (USD mn) | 58,480.6 Sep 2024 | monthly | Dec 1956 - Sep 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 14.191 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 11.3 Sep 2024 | monthly | Jan 1980 - Sep 2024 |
| Gold Reserves (USD mn) | 417.800 Oct 2024 | monthly | Dec 1956 - Oct 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) | 70,517.6 Oct 2024 | monthly | Apr 1995 - Oct 2024 |
| Total Loans (USD mn) | 155,705.308 Oct 2024 | monthly | Apr 1995 - Oct 2024 |
| Total Loans Growth (%) | 1.63 Oct 2024 | monthly | Apr 1996 - Oct 2024 |
| Private Debt: % of Nominal GDP (%) | 41.16 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Money Supply: M3 (COP bn) | 849,100.286 Oct 2024 | monthly | Jan 1982 - Oct 2024 |
| Net International Reserves: Gross (USD mn) | 62,976.412 Nov 2024 | monthly | Jan 1960 - Nov 2024 |
| Net International Reserves: Gross: Gold (USD mn) | 400.500 Nov 2024 | monthly | Jan 1980 - Nov 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 3.3 Oct 2024 | monthly | Jan 1981 - Oct 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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National Accounts
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: by Expenditure: Quarterly
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Nominal
Gross Domestic Product: Real
SNA 1993: GDP: by Expenditure: 1994 Price
SNA 1993. GDP: by Expenditure: 2000 Price
SNA 1993: GDP: by Expenditure: Chain Linked 2005 Price: Annual
SNA 1993: GDP: by Expenditure: Current Price: Base 1994: Seasonally Adjusted
SNA 1993: GDP: by Expenditure: Current Price: Base 2005
SNA 1993: GDP: by Industry: 1994 Price: Seasonally Adjusted
SNA 1993: GDP: by Industry: Chain Linked 2005 Price: Annual
SNA 1993: GDP: by Industry: Current Price: Base 1994: Seasonally Adjusted
SNA 1993: GDP: by Industry: Current Price: Base 2005: Annual
SNA 1993: GDP: Gross Capital Formation: Base 1994
SNA 1993: GDP per Capita: Base 2000
Contribution to GDP
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: by Expenditure: Seasonally Adjusted: Annual
Gross Domestic Product: Deflator and Volume Index: Quarterly
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP
SNA 1993: GDP: by Expenditure: 1994 Price: Seasonally Adjusted
SNA 1993: GDP: by Expenditure: 2000 Price: Seasonally Adjusted
SNA 1993: GDP: by Expenditure: Chain Linked 2005 Price: Seasonally Adjusted
SNA 1993. GDP: by Expenditure: Current Price: Base 2000: Seasonally Adjusted
SNA 1993: GDP: by Industry: 1994 Price
SNA 1993: GDP: by Industry: 2000 Price
SNA 1993: GDP: by Industry: Chain Linked 2005 Price: Seasonally Adjusted
SNA 1993: GDP: by Industry: Current Price: Base 2000
SNA 1993: GDP: by Industry: Current Price: Base 2005: Seasonally Adjusted
SNA 1993: GDP: Main Aggregates: Base 1994
SNA 1993: Gross National Disposable Income: Base 1994