Colombia

Nominal GDP for Colombia was COP$1,177,225bn in 2021, down from COP$998,719bn in 2020. The Colombian population was estimated at 51.0m in 2021 according to the IMF, while the United States is Colombia’s biggest trading partner.

Variables Surveyed for Colombia

Variables covered in our monthly analysis of Colombia include:

  • Gross Domestic Product
  • Final Consumption
  • Gross Fixed Investment
  • Manufacturing Production
  • Consumer Prices
  • Merchandise Exports
  • Merchandise Imports
  • Trade Balance
  • Current Account Balance
  • Foreign Currency Reserves
  • Peso Currency Forecasts

Consensus Forecasts for Colombia

Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the IMF,  the ECLAC and OECD. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Latin American Conensus Forecasts, September 2022

Special Surveys

In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Colombia on topics such as:

Main Data Sources for Colombia

  • National Administrative Department of Statistics: The National Administrative Department of Statistics, commonly referred to as DANE, is the Colombian Administrative Department responsible for the planning, compilation, analysis and dissemination of the official statistics of Colombia.
  • Bank of the Republic: Banco de la República is the central bank of Colombia. It was initially established under the regeneration era in 1880. Its main modern functions, under the new Colombian constitution were detailed by Congress according to Ley 31 de 1992. One of them is the issuance of the Colombian currency, the peso.

Comprehensive Forecasts Coverage

Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.
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