Economy of Colombia. Statistics, Data and Indicators
Colombia
| 52BBB- | Credit rank #58 |
| 112.15 | Quality of life #49 |
| 91 | Corruption rank#92 |
| 67 | Ease of doing business#65 |
Colombia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 344 USD Billion | 2022 |
| GDP Annual Growth Rate | 0.3 % | 2Q/23 |
| GDP Growth Rate | -1 % | 2Q/23 |
| GDP per capita | 6858 USD | 2022 |
| Inflation Rate YoY | 10.99 % | Sep/23 |
| Interest Rate | 13.25 % | Sep/23 |
| Unemployment Rate | 9.28 % | Aug/23 |
| Balance of Trade | -0.85 USD Billion | Jul/23 |
| Current Account | -2524 USD Million | -2.524 B USD | 2Q/23 |
| Foreign Exchange Reserves | 57945 USD Million | 57.945 B USD | Aug/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 344 USD Billion | 2022 |
| GDP Annual Growth Rate | 0.3 % | 2Q/23 |
| GDP Growth Rate | -1 % | 2Q/23 |
| GDP per capita | 6858 USD | 2022 |
| GDP Constant Prices | 240267 COP Billion | 56.787 B USD | 2Q/23 |
| GDP per capita PPP | 15652 USD | 2022 |
| GDP From Agriculture | 13645 COP Billion | 3.225 B USD | 2Q/23 |
| GDP From Construction | 10234 COP Billion | 2.419 B USD | 2Q/23 |
| GDP From Manufacturing | 27787 COP Billion | 6.567 B USD | 2Q/23 |
| GDP From Mining | 9467 COP Billion | 2.238 B USD | 2Q/23 |
| GDP From Transport | 11900 COP Billion | 2.813 B USD | 2Q/23 |
| GDP From Utilities | 7060 COP Billion | 1.669 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 63.6 % | 2022 |
| Government Budget Value | -2935 COP Billion | -0.694 USD Billion | Mar/23 |
| Government Spending | 41785 COP Billion | 9.876 USD Billion | 2Q/23 |
| Government Revenues | 15329 COP Billion | 3.623 USD Billion | Dec/22 |
| Fiscal Expenditure | 25327 COP Billion | 5.986 B USD | Mar/23 |
| Government Budget to GDP | -4.3 % | 2022 |
| Military Expenditure | 9938 USD Million | 9.938 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 136 index points | Sep/23 |
| Export Prices | 162 index points | Sep/23 |
| Food Inflation | 11.47 % | Sep/23 |
| Gasoline Prices | 0.91 USD/Liter | Sep/23 |
| Import Prices | 159 index points | Sep/23 |
| Inflation Rate YoY | 10.99 % | Sep/23 |
| Producer Prices | 178 index points | Sep/23 |
| Inflation Rate Mom | 0.54 % | Sep/23 |
| Core Consumer Prices | 132 Index Points | Aug/23 |
| Core Inflation Rate | 10.85 % | Aug/23 |
| CPI Housing Utilities | 125 Index Points | Sep/23 |
| CPI Transportation | 141 Index Points | Sep/23 |
| Producer Prices Change | -1.42 % | Sep/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -6.2 % | 2022 |
| Balance of Trade | -0.85 USD Billion | Jul/23 |
| Capital Flows | -2846 USD Million | -2.846 USD Billion | 2Q/23 |
| Current Account | -2524 USD Million | -2.524 USD Billion | 2Q/23 |
| Exports | 3.95 USD Billion | Aug/23 |
| External Debt | 187529 COP Billion | 44.323 USD Billion | Jun/23 |
| Foreign Exchange Reserves | 57945 USD Million | 57.945 USD Billion | Aug/23 |
| Imports | 4.95 USD Billion | Jul/23 |
| Terms of Trade | 125 Index Points | Aug/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 4.68 Tonnes | 2Q/23 |
| Interbank Rate | 13.27 % | Oct/23 |
| Interest Rate | 13.25 % | Sep/23 |
| Loans to Private Sector | 89.78 COP Billion | 0.03 USD Billion | Oct/16 |
| Money Supply M0 | 103360 COP Billion | 24.429 USD Billion | Aug/23 |
| Money Supply M1 | 167844 COP Billion | 39.67 USD Billion | Aug/23 |
| Money Supply M2 | 732467 COP Billion | 173.119 USD Billion | Aug/23 |
| Money Supply M3 | 789241 COP Billion | 186.538 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 327380 COP Billion | 77.376 B USD | Aug/23 |
| Deposit Interest Rate | 8.5 % | 2022 |
| Foreign Direct Investment | 5278 USD Million | 5.278 B USD | 2Q/23 |
| Private Sector Credit | 361998 COP Million | 0.086 B USD | Aug/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 9.28 % | Aug/23 |
| Employed Persons | 23161 Thousand Person | 23.161 Million Person | Aug/23 |
| Employment Rate | 58.47 % | Aug/23 |
| Labor Force Participation Rate | 63.9 % | May/23 |
| Living Wage Family | 1095100 COP/Month | 291.946 USD/Month | 2018 |
| Living Wage Individual | 782100 COP/Month | 208.502 USD/Month | 2018 |
| Unemployed Persons | 2368 Thousand Persons | 2.368 Million Persons | Aug/23 |
| Wages High Skilled | 2598000 COP/Month | 692.608 USD/Month | 2018 |
| Wages Low Skilled | 899500 COP/Month | 239.8 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 35 % | 2022 |
| Personal Income Tax Rate | 39 % | 2023 |
| Sales Tax Rate | 19 % | 2023 |
| Social Security Rate | 30.5 % | 2023 |
| Social Security Rate For Companies | 20.5 % | 2023 |
| Social Security Rate For Employees | 10 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 779 BBL/D/1K | May/23 |
| Industrial Production | -7.2 % | Jul/23 |
| Steel Production | 110 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | 1.3 % | Jun/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 3.71 index points | Aug/23 |
| Corruption Index | 39 index points | 2022 |
| Corruption Rank | 91 place | 2022 |
| Ease of Doing Business | 67 place | 2019 |
| Manufacturing PMI | 47.8 index points | Sep/23 |
| Competitiveness Index | 62.73 Index Points | 2019 |
| Competitiveness Rank | 57 | 2019 |
| Leading Economic Index | 1.18 % | Jul/23 |
| Total Vehicle Sales | 2952 Units | 0.003 M Units | Jul/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -17.9 index points | Sep/23 |
| Retail Sales MoM | -0.1 % | Apr/23 |
| Retail Sales YoY | -8.2 % | Jul/23 |
| Consumer Credit | 211900 COP Billion | 50.083 USD Billion | Jun/23 |
| Consumer Spending | 184999 COP Billion | 43.725 USD Billion | 2Q/23 |
| Households Debt To GDP | 27.89 % | 1Q/23 |
