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Economy of Colombia. Statistics, Data and Indicators

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Colombia
52BBB- Credit rank #58
112.15 Quality of life #49
91 Corruption rank#92
67 Ease of doing business#65
Colombia


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



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