Colombia Forecast: Real GDP Growth

1980 - 2028 | Yearly | % | International Monetary Fund

Key information about Colombia Forecast: Real GDP Growth

  • Colombia Real GDP Growth is forecasted to be 0.961 % in Dec 2023 as reported by International Monetary Fund.
  • It records no change from the last reported number of 7.496 % in Dec 2022.
  • Looking ahead, Colombia Real GDP Growth is projected to stand at 3.345 % in Dec 2028.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View Colombia's Forecast: Real GDP Growth from 1980 to 2028 in the chart:

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Colombia Forecast: Real GDP Growth
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Colombia Forecast: Real GDP Growth

What is Colombia's Forecast: Real GDP Growth in 2028?

Colombia Real GDP Growth is forecasted to be 0.961 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.345 2028 3.345 2027 -7.252 2020 11.016 2021 % yearly 1980 - 2028

Forecast: Real GDP Growth by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 2.711 2023 yearly 2003 - 2023
Albania (%) 3.400 2028 yearly 1980 - 2028
Algeria (%) 1.782 2028 yearly 1980 - 2028
Andorra (%) 1.500 2028 yearly 2001 - 2028
Angola (%) 4.230 2028 yearly 1980 - 2028
Antigua and Barbuda (%) 2.685 2027 yearly 1980 - 2027
Argentina (%) 2.000 2027 yearly 1980 - 2027
Armenia (%) 4.500 2028 yearly 1993 - 2028
Aruba (%) 1.400 2029 yearly 1987 - 2029
Australia (%) 2.279 2027 yearly 1980 - 2027
Austria (%) 1.527 2028 yearly 1980 - 2028
Azerbaijan (%) 2.572 2028 yearly 1993 - 2028
Bahamas (%) 1.496 2027 yearly 1980 - 2027
Bahrain (%) 2.733 2028 yearly 1980 - 2028
Bangladesh (%) 9.531 2021 yearly 1980 - 2021
Barbados (%) 1.840 2027 yearly 1980 - 2027
Belarus (%) 0.741 2028 yearly 1993 - 2028
Belgium (%) 1.289 2028 yearly 1980 - 2028
Belize (%) 2.012 2027 yearly 1980 - 2027
Benin (%) 5.934 2028 yearly 1980 - 2028
Bhutan (%) 7.157 2029 yearly 1980 - 2029
Bolivia (%) 3.400 2027 yearly 1980 - 2027
Bosnia and Herzegovina (%) 3.000 2028 yearly 1997 - 2028
Botswana (%) 3.957 2028 yearly 1980 - 2028
Brazil (%) 2.015 2028 yearly 1980 - 2028
Brunei (%) 2.112 2027 yearly 1986 - 2027
Bulgaria (%) 2.840 2028 yearly 1980 - 2028
Burkina Faso (%) 5.258 2027 yearly 1980 - 2027
Burundi (%) 4.565 2027 yearly 1980 - 2027
Cambodia (%) 6.500 2027 yearly 1988 - 2027
Cameroon (%) 4.898 2027 yearly 1980 - 2027
Canada (%) 1.643 2029 yearly 1980 - 2029
Cape Verde (%) 4.498 2027 yearly 1980 - 2027
Central African Republic (%) 3.347 2028 yearly 1980 - 2028
Chad (%) 3.508 2027 yearly 1980 - 2027
Chile (%) 2.459 2027 yearly 1980 - 2027
China (%) 3.437 2028 yearly 1980 - 2028
Colombia (%) 3.345 2028 yearly 1980 - 2028
Comoros (%) 4.342 2027 yearly 1980 - 2027
Congo (%) 3.980 2028 yearly 1980 - 2028
Costa Rica (%) 3.243 2027 yearly 1980 - 2027
Croatia (%) 2.800 2028 yearly 1993 - 2028
Cyprus (%) 2.983 2029 yearly 1980 - 2029
Czech Republic (%) 2.501 2027 yearly 1996 - 2027
Democratic Republic of Congo (%) 6.482 2028 yearly 1980 - 2028
Denmark (%) 1.800 2027 yearly 1980 - 2027
Djibouti (%) 5.000 2028 yearly 1992 - 2028
Dominica (%) 2.685 2028 yearly 1980 - 2028
Dominican Republic (%) 4.985 2028 yearly 1980 - 2028
Ecuador (%) 2.751 2028 yearly 1980 - 2028
Egypt (%) 5.984 2028 yearly 1980 - 2028
El Salvador (%) 1.965 2027 yearly 1980 - 2027
Equatorial Guinea (%) -0.981 2027 yearly 1980 - 2027
Eritrea (%) 2.925 2028 yearly 1993 - 2028
Estonia (%) 3.300 2027 yearly 1994 - 2027
Swaziland (%) 2.278 2027 yearly 1980 - 2027
Ethiopia (%) 6.953 2028 yearly 1980 - 2028
Fiji (%) 3.459 2028 yearly 1980 - 2028
Finland (%) 1.519 2029 yearly 1980 - 2029
France (%) 1.450 2028 yearly 1980 - 2028
Gabon (%) 3.809 2027 yearly 1981 - 2027
Gambia (%) 5.000 2027 yearly 1980 - 2027
Georgia (%) 5.198 2028 yearly 1995 - 2028
Germany (%) 1.134 2028 yearly 1980 - 2028
Ghana (%) 6.774 2027 yearly 1980 - 2027
Greece (%) 1.355 2027 yearly 1980 - 2027
Grenada (%) 2.849 2027 yearly 1980 - 2027
Guatemala (%) 3.900 2028 yearly 1980 - 2028
Guinea (%) 5.187 2027 yearly 1980 - 2027
Guinea-Bissau (%) 5.000 2027 yearly 1981 - 2027
Guyana (%) 3.320 2027 yearly 1980 - 2027
Haiti (%) 1.500 2027 yearly 1980 - 2027
Honduras (%) 3.940 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.849 2027 yearly 1980 - 2027
Hungary (%) 3.150 2027 yearly 1980 - 2027
Iceland (%) 2.432 2029 yearly 1980 - 2029
India (%) 6.042 2029 yearly 1981 - 2029
Indonesia (%) 5.117 2027 yearly 1980 - 2027
Iran (%) 2.047 2029 yearly 1981 - 2029
Iraq (%) 2.625 2027 yearly 1999 - 2027
Ireland (%) 3.010 2027 yearly 1980 - 2027
Israel (%) 3.499 2027 yearly 1980 - 2027
Italy (%) 0.882 2028 yearly 1980 - 2028
Ivory Coast (%) 6.000 2028 yearly 1980 - 2028
Jamaica (%) 1.600 2027 yearly 1980 - 2027
Japan (%) 0.409 2028 yearly 1980 - 2028
Jordan (%) 3.300 2027 yearly 1980 - 2027
Kazakhstan (%) 2.778 2028 yearly 1993 - 2028
Kenya (%) 5.516 2027 yearly 1980 - 2027
Kiribati (%) 1.971 2027 yearly 1980 - 2027
South Korea (%) 2.340 2027 yearly 1980 - 2027
Kosovo (%) 3.800 2029 yearly 2001 - 2029
Kuwait (%) 2.655 2027 yearly 1980 - 2027
Kyrgyzstan (%) 3.977 2028 yearly 1993 - 2028
Laos (%) 4.496 2028 yearly 1980 - 2028
Latvia (%) 3.377 2027 yearly 1993 - 2027
Lebanon (%) -22.000 2020 yearly 1980 - 2020
Lesotho (%) 2.145 2030 yearly 1981 - 2030
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

Colombia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -8.4 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) 7,613.844 Jan 2025 monthly Jan 1999 - Jan 2025
Tax Revenue: % of GDP (%) 13.2 Dec 2024 quarterly Mar 2000 - Dec 2024
National Government Debt (USD mn) 242,468.3 Jun 2024 quarterly Dec 2001 - Jun 2024
Government Debt: % of GDP (%) 61.8 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) 19,516.239 Nov 2024 monthly Jan 1995 - Nov 2024
Central Government: Expenditure (COP bn) 36,573.398 Nov 2024 monthly Jan 1995 - Nov 2024
Tax Collection: Total (COP mn) 32,741,891.158 Jan 2025 monthly Jan 1999 - Jan 2025
Tax Collection: Internal: VAT (COP mn) 13,903,984.685 Jan 2025 monthly Jan 1999 - Jan 2025
Tax Collection: Internal: Income Tax (COP mn) 11,710,114.892 Jan 2025 monthly Jan 1999 - Jan 2025
Tax Collection: Internal: Petrol & Diesel Fuel Tax (COP mn) 242,587.204 Jan 2025 monthly Jan 2000 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.416 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,178.2 Dec 2024 monthly Jan 1958 - Dec 2024
Total Exports (USD mn) 3,776.8 Jan 2025 monthly Jan 1970 - Jan 2025
Total Exports Growth (%) 4.3 Jan 2025 monthly Jan 1971 - Jan 2025
Aluminum: Exports (USD th) 55,621.914 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 379,657.557 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 65,350.030 2023 yearly 1995 - 2023
Total Imports (USD mn) 5,650.6 Dec 2024 monthly Jan 1980 - Dec 2024
Total Imports Growth (%) 7.5 Dec 2024 monthly Jan 1981 - Dec 2024
Imports: Medicament (USD th) 2,407,033.540 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 1,416,784.071 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 1,159.426 Jan 2025 monthly Jan 2008 - Jan 2025
Total Imports from USA (USD mn) 1,489.523 Dec 2024 monthly Jan 1981 - Dec 2024
Total Exports to China (USD mn) 175.602 Jan 2025 monthly Jan 2008 - Jan 2025
Total Imports from China (USD mn) 1,448.728 Dec 2024 monthly Jun 1988 - Dec 2024
Trade Balance: ytd: Total (USD mn) -9,979.388 Nov 2024 monthly Jan 2006 - Nov 2024
Terms of Trade Index (2000=100) 127.747 Feb 2025 monthly Jan 1980 - Feb 2025
Import Value Index (2015=100) 113.030 2021 yearly 1980 - 2021
Export Value Index (2015=100) 112.879 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,567.2 Dec 2024 quarterly Mar 1996 - Dec 2024
Current Account Balance (USD mn) -2,240.3 Dec 2024 quarterly Mar 1996 - Dec 2024
Current Account Balance: % of GDP (%) -2.1 Dec 2024 quarterly Mar 1996 - Dec 2024
Foreign Direct Investment (USD mn) 4,351.8 Dec 2024 quarterly Mar 1996 - Dec 2024
Foreign Direct Investment: % of GDP (%) 4.1 Dec 2024 quarterly Mar 1996 - Dec 2024
Foreign Portfolio Investment (USD mn) 1,875.103 Dec 2024 quarterly Mar 2000 - Dec 2024
Foreign Portfolio Investment: % of GDP (%) 1.8 Dec 2024 quarterly Mar 2000 - Dec 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 178.2 Dec 2024 quarterly Mar 1996 - Dec 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 1,696.937 Dec 2024 quarterly Mar 1996 - Dec 2024
External Debt (USD mn) 201,763.6 Dec 2024 monthly Jan 2001 - Dec 2024
External Debt: % of GDP (%) 48.2 2024 yearly 1970 - 2024
External Debt: Short Term (USD mn) 30,608.0 Mar 2023 monthly Oct 1999 - Mar 2023
External Debt: Short Term: % of GDP (%) 7.8 2024 yearly 1970 - 2024
Forecast: Current Account Balance (USD bn) -17.950 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -186,634.638 Dec 2024 quarterly Mar 2000 - Dec 2024
BoP: BPM6: Financial Account: Other Investment (USD mn) -2,561.420 Dec 2018 quarterly Mar 2000 - Dec 2018
IIP: Assets (USD mn) 272,424.364 Dec 2024 quarterly Mar 2000 - Dec 2024
International Investment Position (IIP) (USD mn) -186,634.638 Dec 2024 quarterly Mar 2000 - Dec 2024
IIP: Liabilities (USD mn) 459,059.002 Dec 2024 quarterly Mar 2000 - Dec 2024
External Debt: Private Sector: Total (USD mn) 88,568.954 Dec 2024 monthly Jan 2001 - Dec 2024
External Debt: Total: Long Term (USD mn) 168,944.303 Dec 2024 monthly Jan 2001 - Dec 2024
External Debt: Public Sector: Total (USD mn) 113,194.690 Dec 2024 monthly Jan 2001 - Dec 2024
FDI: Petroleum (USD mn) 439.643 Dec 2024 quarterly Mar 1996 - Dec 2024
FDI: Wholesale & Retail Trade, Hotels & Restaurants (USD mn) 655.196 Dec 2024 quarterly Mar 1996 - Dec 2024
FDI: Manufacturing (USD mn) 331.057 Dec 2024 quarterly Mar 1996 - Dec 2024
FDI: Transport, Storage & Communications (USD mn) 279.844 Dec 2024 quarterly Mar 1996 - Dec 2024
Foreign Direct Investment (FDI) (USD mn) 4,351.837 Dec 2024 quarterly Mar 1996 - Dec 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.7 Dec 2024 monthly Apr 1995 - Dec 2024
Household Debt: % of GDP (%) 31.3 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 Jan 2025 monthly Dec 1980 - Jan 2025
Reserve Requirement Ratio (%) 8.0 Feb 2025 monthly Jun 2008 - Feb 2025
Foreign Exchange Reserves (USD mn) 58,455.3 Feb 2025 monthly Dec 1956 - Feb 2025
Foreign Exchange Reserves: % of GDP (%) 13.755 Dec 2024 quarterly Dec 2000 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 10.2 Dec 2024 monthly Jan 1980 - Dec 2024
Gold Reserves (USD mn) 430.100 Feb 2025 monthly Dec 1956 - Feb 2025
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) 103.837 Sep 2024 quarterly Dec 1996 - Sep 2024
Credit to Private Non-Financial Sector (USD bn) 221.700 Sep 2024 quarterly Dec 1996 - Sep 2024
Household Debt (USD mn) 71,458.7 Dec 2024 monthly Apr 1995 - Dec 2024
Total Loans (USD mn) 158,044.337 Dec 2024 monthly Apr 1995 - Dec 2024
Total Loans Growth (%) 3.44 Dec 2024 monthly Apr 1996 - Dec 2024
Private Debt: % of Nominal GDP (%) 40.04 Sep 2024 quarterly Dec 2005 - Sep 2024
Monetary Base (COP bn) 167,654.124 Jan 2025 monthly Jan 1980 - Jan 2025
Money Supply: M3 (COP bn) 877,303.400 Feb 2025 monthly Jan 1982 - Feb 2025
Net International Reserves: Gross (USD mn) 63,468.676 Feb 2025 monthly Jan 1960 - Feb 2025
Net International Reserves: Gross: Gold (USD mn) 430.100 Feb 2025 monthly Jan 1980 - Feb 2025
Credits Institutions: Credit Balance Including Leasing: Gross (COP bn) 696,841.187 Dec 2024 monthly Apr 1995 - Dec 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 1.8 Jan 2025 monthly Jan 1981 - Jan 2025
IOS: Business Climate Indicators: Favorable Situation (%) 70.200 Jan 2023 monthly Oct 2006 - Jan 2023
IOS: Business Climate Indicators: Better Expectations (%) 34.700 Jan 2023 monthly Oct 2006 - Jan 2023

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