Colombia Gross Savings Rate

2005 - 2022 | Quarterly | % | CEIC Data

Key information about Colombia Gross Savings Rate

  • Colombia Gross Savings Rate was measured at 8.6% in Dec 2022, compared with 8.6% in the previous quarter.
  • Colombia Gross Savings Rate is updated quarterly, with data available from Mar 2005 to Dec 2022, and an average rate of 8.6%.
  • The data reached an all-time high of 8.6% in Mar 2011 and a record low of 4.2% in Dec 2020.
  • CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Consumption Expenditure. National Administrative Department of Statistics provides Consumption Expenditure in local currency and Nominal GDP in local currency.
  • In the latest reports, Colombia GDP expanded 2.9% YoY in Dec 2022.
  • Colombia Nominal GDP reached 79,499.1 USD mn in Dec 2022. Its GDP deflator (implicit price deflator) increased 14.0% in Dec 2022.
  • Colombia GDP Per Capita reached 6,239.3 USD in Dec 2021.

View Colombia's Gross Savings Rate from Mar 2005 to Dec 2022 in the chart:

Colombia Gross Savings Rate

What was Colombia's Gross Savings Rate in Dec 2022?

Colombia Gross Savings Rate was measured at 8.6% in Dec 2022, compared with 8.6% in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
8.6 Dec 2022 15.6 Sep 2022 4.2 Dec 2020 24.6 Mar 2011 % quarterly Mar 2005 - Dec 2022

Gross Savings Rate by Country Comparison

country/region Last Frequency Range
Albania (%) 17.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 36.1 2021 yearly 2000 - 2021
Argentina (%) 11.0 Mar 2023 quarterly Mar 2004 - Mar 2023
Armenia (%) 15.6 Jun 2024 quarterly Dec 1994 - Jun 2024
Australia (%) 29.6 Dec 2022 quarterly Sep 1959 - Dec 2022
Austria (%) 27.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Azerbaijan (%) 30.6 Mar 2024 quarterly Mar 2001 - Mar 2024
Bahrain (%) 38.6 2022 yearly 1989 - 2022
Bangladesh (%) 30.4 2021 yearly 2006 - 2021
Belarus (%) 23.6 Mar 2024 quarterly Mar 1992 - Mar 2024
Belgium (%) 25.8 Mar 2024 quarterly Mar 1980 - Mar 2024
Bolivia (%) 13.1 Mar 2024 quarterly Mar 1990 - Mar 2024
Bosnia and Herzegovina (%) 5.9 Mar 2024 quarterly Mar 2008 - Mar 2024
Botswana (%) 24.7 Mar 2024 quarterly Mar 1994 - Mar 2024
Brazil (%) 16.4 Jun 2024 quarterly Mar 1991 - Jun 2024
Brunei (%) 60.0 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (%) 21.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Cambodia (%) 34.1 2022 yearly 1993 - 2022
Canada (%) 20.7 Jun 2024 quarterly Mar 1961 - Jun 2024
Chile (%) 20.2 Jun 2024 quarterly Mar 1996 - Jun 2024
China (%) 44.3 2023 yearly 1952 - 2023
Colombia (%) 8.6 Dec 2022 quarterly Mar 2005 - Dec 2022
Croatia (%) 18.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Cyprus (%) 20.6 Mar 2024 quarterly Mar 1995 - Mar 2024
Czech Republic (%) 33.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Denmark (%) 32.8 Jun 2024 quarterly Mar 1990 - Jun 2024
Ecuador (%) 22.2 Mar 2024 quarterly Mar 1991 - Mar 2024
Egypt (%) 7.8 2023 yearly 1969 - 2023
Estonia (%) 29.7 Dec 2022 quarterly Mar 1993 - Dec 2022
European Union (%) 25.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Finland (%) 21.1 Jun 2024 quarterly Mar 1990 - Jun 2024
France (%) 14.2 Dec 2017 quarterly Mar 1949 - Dec 2017
Georgia (%) 14.9 Mar 2024 quarterly Mar 1996 - Mar 2024
Germany (%) 29.6 Mar 2023 quarterly Mar 1991 - Mar 2023
Ghana (%) 9.9 2023 yearly 2006 - 2023
Greece (%) 10.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Hong Kong SAR, China (%) 23.5 Mar 2024 quarterly Mar 1999 - Mar 2024
Hungary (%) 30.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Iceland (%) 23.1 Jun 2024 quarterly Mar 1995 - Jun 2024
India (%) 30.2 2023 yearly 1951 - 2023
Indonesia (%) 36.8 Jun 2024 quarterly Mar 2010 - Jun 2024
Iran (%) 26.4 Mar 2024 quarterly Jun 1988 - Mar 2024
Ireland (%) 56.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Israel (%) 25.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Italy (%) 23.4 Jun 2024 quarterly Mar 1995 - Jun 2024
Ivory Coast (%) 23.9 2023 yearly 1960 - 2023
Japan (%) 28.8 Mar 2022 quarterly Mar 1980 - Mar 2022
Jordan (%) 2.9 2023 yearly 1963 - 2023
Kazakhstan (%) 44.9 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 12.1 2022 yearly 2006 - 2022
South Korea (%) 34.0 Dec 2022 quarterly Mar 1970 - Dec 2022
Kosovo (%) -5.7 Mar 2024 quarterly Mar 2010 - Mar 2024
Kuwait (%) 44.9 2022 yearly 1970 - 2022
Kyrgyzstan (%) -4.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Laos (%) 18.4 2016 yearly 2000 - 2016
Latvia (%) 19.6 Jun 2024 quarterly Mar 1995 - Jun 2024
Lebanon (%) -25.5 2021 yearly 1990 - 2021
Lithuania (%) 19.3 Mar 2024 quarterly Mar 1995 - Mar 2024
Luxembourg (%) 52.5 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 16.6 Dec 2022 quarterly Mar 2001 - Dec 2022
North Macedonia (%) 7.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Malawi (%) 11.2 2019 yearly 1977 - 2019
Malaysia (%) 26.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Malta (%) 39.3 Jun 2024 quarterly Mar 1992 - Jun 2024
Mauritius (%) 21.9 Mar 2024 quarterly Mar 1999 - Mar 2024
Mexico (%) 16.7 Mar 2024 quarterly Mar 1993 - Mar 2024
Moldova (%) -6.3 Mar 2024 quarterly Mar 1995 - Mar 2024
Mongolia (%) 35.8 Dec 2022 quarterly Mar 2005 - Dec 2022
Montenegro (%) -8.0 Mar 2024 quarterly Mar 2010 - Mar 2024
Morocco (%) 28.6 2023 yearly 1975 - 2023
Mozambique (%) 4.8 2023 yearly 1969 - 2022
Myanmar (%) 28.7 2018 yearly 1996 - 2018
Nepal (%) 35.6 2024 yearly 2001 - 2024
Netherlands (%) 29.6 Mar 2024 quarterly Mar 1995 - Mar 2024
New Zealand (%) 20.3 Sep 2022 quarterly Jun 1987 - Sep 2022
Nigeria (%) 34.6 2023 yearly 1981 - 2023
Norway (%) 37.2 Jun 2024 quarterly Mar 1978 - Jun 2024
Oman (%) 34.7 2022 yearly 1980 - 2022
Pakistan (%) 6.8 2024 yearly 2000 - 2024
Palestinian Territory (%) -2.8 Mar 2024 quarterly Mar 2011 - Mar 2024
Panama (%) 35.8 2021 yearly 1960 - 2021
Paraguay (%) 25.4 Mar 2024 quarterly Mar 1994 - Mar 2024
Peru (%) 21.5 Jun 2024 quarterly Mar 1990 - Jun 2024
Philippines (%) 10.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 19.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Portugal (%) 21.0 Mar 2024 quarterly Mar 1999 - Mar 2024
Qatar (%) 66.3 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 16.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Russia (%) 28.1 Mar 2024 quarterly Mar 1993 - Mar 2024
Saudi Arabia (%) 37.4 Mar 2024 quarterly Mar 2003 - Mar 2024
Serbia (%) 17.8 Mar 2024 quarterly Mar 1995 - Mar 2024
Singapore (%) 48.6 2023 yearly 1960 - 2023
Slovakia (%) 18.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Slovenia (%) 28.1 Mar 2024 quarterly Mar 1995 - Mar 2024
South Africa (%) 12.7 Mar 2024 quarterly Mar 1960 - Mar 2024
Spain (%) 22.7 Mar 2024 quarterly Mar 1999 - Mar 2024
Sri Lanka (%) 26.1 Sep 2022 quarterly Mar 2010 - Sep 2022
Sudan (%) 13.7 2014 yearly 1960 - 2014
Sweden (%) 29.3 Jun 2024 quarterly Mar 1980 - Jun 2024
Switzerland (%) 34.3 Jun 2024 quarterly Mar 1990 - Jun 2024

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Colombia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.0 Dec 2023 quarterly Dec 2000 - Dec 2023
Consolidated Fiscal Balance (USD mn) -11,124.180 Dec 2023 quarterly Mar 1995 - Dec 2023
Tax Revenue (USD mn) 6,349.887 Jul 2024 monthly Jan 1999 - Jul 2024
Tax Revenue: % of GDP (%) 16.4 Jun 2024 quarterly Mar 2000 - Jun 2024
National Government Debt (USD mn) 241,886.6 Dec 2023 quarterly Dec 2001 - Dec 2023
Government Debt: % of GDP (%) 58.8 Dec 2023 quarterly Dec 2005 - Dec 2023
Forecast: Government Expenditure (COP bn) 710,187.230 2028 yearly 1982 - 2028
Forecast: Government Net Debt (COP bn) 1,224,179.732 2029 yearly 1996 - 2029
Forecast: Government Revenue (COP bn) 667,655.950 2028 yearly 1980 - 2028
Central Government: Revenue (COP bn) 22,026.457 Apr 2024 monthly Jan 1995 - Apr 2024
Central Government: Expenditure (COP bn) 39,049.628 Apr 2024 monthly Jan 1995 - Apr 2024
Tax Collection: Internal: VAT (COP mn) 8,566,674.814 Jul 2024 monthly Jan 1999 - Jul 2024
Tax Collection: Internal: Income Tax (COP mn) 11,644,952.848 Jul 2024 monthly Jan 1999 - Jul 2024
Tax Collection: Total (COP mn) 25,633,223.038 Jul 2024 monthly Jan 1999 - Jul 2024
Tax Collection: Internal: Petrol & Diesel Fuel Tax (COP mn) 203,842.718 Jul 2024 monthly Jan 2000 - Jul 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.416 2028 yearly 1980 - 2028
Trade Balance (USD mn) -838.6 Jun 2024 monthly Jan 1958 - Jun 2024
Total Exports (USD mn) 4,618.3 Jul 2024 monthly Jan 1970 - Jul 2024
Total Exports Growth (%) 10.8 Jul 2024 monthly Jan 1971 - Jul 2024
Aluminum: Exports (USD th) 55,621.914 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 361,386.398 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 56,465.291 2022 yearly 1995 - 2022
Total Imports (USD mn) 4,660.2 Jun 2024 monthly Jan 1980 - Jun 2024
Total Imports Growth (%) -7.1 Jun 2024 monthly Jan 1981 - Jun 2024
Imports: Medicament (USD th) 2,136,175.945 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,809,154.500 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 1,289.504 Jul 2024 monthly Jan 2008 - Jul 2024
Total Imports from USA (USD mn) 1,171.787 Jun 2024 monthly Jan 1981 - Jun 2024
Total Exports to China (USD mn) 258.854 Jul 2024 monthly Jan 2008 - Jul 2024
Total Imports from China (USD mn) 1,119.788 Jun 2024 monthly Jun 1988 - Jun 2024
Trade Balance: ytd: Total (USD mn) -4,997.104 Jun 2024 monthly Jan 2006 - Jun 2024
Terms of Trade Index (2000=100) 126.939 Jun 2024 monthly Jan 1980 - Jun 2024
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) 1,028.8 Jun 2024 quarterly Mar 1996 - Jun 2024
Current Account Balance (USD mn) -1,630.4 Jun 2024 quarterly Mar 1996 - Jun 2024
Current Account Balance: % of GDP (%) -1.6 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Direct Investment (USD mn) 2,841.4 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Direct Investment: % of GDP (%) 2.7 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Portfolio Investment (USD mn) 1,502.708 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 1.5 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 127.9 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 1,374.856 Jun 2024 quarterly Mar 1996 - Jun 2024
External Debt (USD mn) 196,696.8 May 2024 monthly Jan 2001 - May 2024
External Debt: % of GDP (%) 53.7 2023 yearly 1970 - 2023
External Debt: Short Term (USD mn) 30,608.0 Mar 2023 monthly Oct 1999 - Mar 2023
External Debt: Short Term: % of GDP (%) 9.0 2023 yearly 1970 - 2023
Forecast: Current Account Balance (USD bn) -17.588 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -187,676.980 Jun 2024 quarterly Mar 2000 - Jun 2024
CO: BoP: Current Account: Primary Income: Credit (USD mn) 8,777.204 2023 yearly 1968 - 2023
CO: BoP: Current Account: Goods (USD mn) -6,867.470 2023 yearly 1968 - 2023
CO: BoP: Current Account: Secondary Income: Debit (USD mn) 1,469.613 2023 yearly 1968 - 2023
CO: BoP: Current Account: Goods: Debit (USD mn) 59,373.304 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Other Investment: Assets (USD mn) 3,945.744 2023 yearly 1968 - 2023
CO: BoP: Current Account: Primary Income: Debit (USD mn) 22,877.227 2023 yearly 1968 - 2023
CO: BoP: Current Account: Services: Credit (USD mn) 15,643.889 2023 yearly 1968 - 2023
CO: BoP: Current Account: Primary Income (USD mn) -14,100.023 2023 yearly 1968 - 2023
CO: BoP: Current Account: Goods: Credit (USD mn) 52,641.920 2023 yearly 1968 - 2023
CO: BoP: Current Account: Services (USD mn) -1,353.014 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Direct Investment: Assets (USD mn) 1,174.892 2023 yearly 1968 - 2023
CO: BoP: Current Account: Credit (USD mn) 90,954.306 2023 yearly 1968 - 2023
CO: BoP: Current Account: Debit (USD mn) 100,629.400 2023 yearly 1968 - 2023
CO: BoP: Current Account: Secondary Income (USD mn) 12,909.948 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Direct Investment: Liabilities (USD mn) 17,146.854 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Portfolio Investment: Liabilities (USD mn) 1,116.850 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Portfolio Investment (USD mn) 8,656.900 2023 yearly 1968 - 2023
CO: BoP: Financial Account (USD mn) -8,285.356 2023 yearly 1968 - 2023
CO: BoP: Current Account: Secondary Income: Credit (USD mn) 14,379.560 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 19.924 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 1,096.926 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Other Investment (USD mn) -443.585 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Official Reserve Assets (USD mn) 1,716.572 2023 yearly 1968 - 2023
CO: BoP: Net Errors & Omissions (USD mn) 835.787 2023 yearly 1968 - 2023
CO: BoP: Financial Account: Other Investment: Liabilities (USD mn) 4,389.329 2023 yearly 1968 - 2023
CO: BoP: Current Account (USD mn) -9,715.359 2023 yearly 1968 - 2023
BoP: BPM6: Financial Account: Other Investment (USD mn) -2,561.420 Dec 2018 quarterly Mar 2000 - Dec 2018
IIP: Assets (USD mn) 264,338.324 Jun 2024 quarterly Mar 2000 - Jun 2024
International Investment Position (IIP) (USD mn) -187,676.980 Jun 2024 quarterly Mar 2000 - Jun 2024
IIP: Liabilities (USD mn) 452,015.305 Jun 2024 quarterly Mar 2000 - Jun 2024
External Debt: Private Sector: Total (USD mn) 83,279.976 May 2024 monthly Jan 2001 - May 2024
External Debt: Total: Long Term (USD mn) 163,538.396 May 2024 monthly Jan 2001 - May 2024
External Debt: Public Sector: Total (USD mn) 113,416.853 May 2024 monthly Jan 2001 - May 2024
Foreign Direct Investment (FDI) (USD mn) 2,841.384 Jun 2024 quarterly Mar 1996 - Jun 2024
FDI: Wholesale & Retail Trade, Hotels & Restaurants (USD mn) 275.257 Jun 2024 quarterly Mar 1996 - Jun 2024
FDI: Petroleum (USD mn) 671.822 Jun 2024 quarterly Mar 1996 - Jun 2024
FDI: Manufacturing (USD mn) 763.631 Jun 2024 quarterly Mar 1996 - Jun 2024
FDI: Transport, Storage & Communications (USD mn) -314.938 Jun 2024 quarterly Mar 1996 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.1 Jun 2024 monthly Apr 1995 - Jun 2024
Household Debt: % of GDP (%) 32.1 Mar 2024 quarterly Dec 2015 - Mar 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 (%) 8.8 Jul 2024 monthly Dec 1980 - Jul 2024
Reserve Requirement Ratio (%) 8.0 Aug 2024 monthly Jun 2008 - Aug 2024
Foreign Exchange Reserves (USD mn) 56,887.7 Jul 2024 monthly Dec 1956 - Jul 2024
Foreign Exchange Reserves: % of GDP (%) 14.244 Mar 2024 quarterly Dec 2000 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 12.0 Jun 2024 monthly Jan 1980 - Jun 2024
Gold Reserves (USD mn) 363.700 Jul 2024 monthly Dec 1956 - Jul 2024
Domestic Credit (USD mn) 215,878.7 May 2024 monthly Jan 1993 - May 2024
Domestic Credit Growth (%) 5.3 May 2024 monthly Jan 1994 - May 2024
Credit to Households (USD bn) 111.713 Dec 2023 quarterly Dec 1996 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 238.500 Dec 2023 quarterly Dec 1996 - Dec 2023
Household Debt (USD mn) 74,567.7 Jun 2024 monthly Apr 1995 - Jun 2024
Total Loans (USD mn) 164,498.239 Jun 2024 monthly Apr 1995 - Jun 2024
Total Loans Growth (%) 1.46 Jun 2024 monthly Apr 1996 - Jun 2024
Private Debt: % of Nominal GDP (%) 42.53 Dec 2023 quarterly Dec 2005 - Dec 2023
Monetary Base (COP bn) 153,436.345 Jul 2024 monthly Jan 1980 - Jul 2024
Money Supply: M3 (COP bn) 834,581.407 Jul 2024 monthly Jan 1982 - Jul 2024
Net International Reserves: Gross (USD mn) 61,911.989 Jul 2024 monthly Jan 1960 - Jul 2024
Net International Reserves: Gross: Gold (USD mn) 363.700 Jul 2024 monthly Jan 1980 - Jul 2024
Credits Institutions: Credit Balance Including Leasing: Gross (COP bn) 682,345.273 Jun 2024 monthly Apr 1995 - Jun 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -1.0 Jul 2024 monthly Jan 1981 - Jul 2024
IOS: Business Climate Indicators: Better Expectations (%) 34.700 Jan 2023 monthly Oct 2006 - Jan 2023
IOS: Business Climate Indicators: Favorable Situation (%) 70.200 Jan 2023 monthly Oct 2006 - Jan 2023

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