Colombia GDP Progress Fee

The Gross Home Product (GDP) in Colombia contracted 0.20 % within the fourth quarter of 2023 over the earlier quarter. GDP Progress Fee in Colombia averaged 0.93 % from 2001 till 2023, reaching an all time excessive of 10.60 % within the third quarter of 2020 and a file low of -15.90 % within the second quarter of 2020. supply: Dane, Colombia

GDP Progress Fee in Colombia is anticipated to be 0.50 % by the top of this quarter, in response to Buying and selling Economics world macro fashions and analysts expectations. Within the long-term, the Colombia GDP Progress Fee is projected to pattern round 2.80 % in 2025, in response to our econometric fashions.

Colombia is the fourth largest economic system in Latin America. Lately, the nation has been rising quickly, principally on account of an increase in exports of commodities corresponding to oil, coal and occasional. The largest and the quickest rising sector of Colombian economic system is providers (53 % of GDP) together with: financing, insurance coverage, actual property and enterprise providers; neighborhood, social and private providers; commerce, repairs, eating places and inns and transport, warehousing and communication. Manufacturing, mining and quarrying create 20 % of the wealth. Different sectors embrace: authorities (10 %), agriculture, looking, forestry and fishing (6.three %); building (6 %) and electrical energy, gasoline and water distribution (four %).