Colombia Economic Outlook
November 10, 2015A partial recovery in the external sector led to an acceleration and better-than-expected economic growth in Colombia in Q2. Latest data paint a mixed picture of growth since then. While exports shrank at the steepest rate on record in September, consumer confidence rebounded into positive territory and reached a three-month high in the same month and industrial production accelerated in August. Meanwhile, severe drought caused by El Niño threatens to lower agricultural output in some regions and could diminish the earnings of thousands of farmers.
Colombia Economy Data
5 years of Colombia economic forecasts for more than 30 economic indicators.
See all the data and analysis available in each of our Regional and Country reports.
|Bond Yield||8.14||0.82 %||Nov 25|
|Exchange Rate||3,087||0.60 %||Nov 25|
|Stock Market||8,376||-1.27 %||Nov 25|
Colombia Economic Growth
November 10, 2015Colombia has recently shown signs of partial recovery from the adverse commodity shock, but the economy remains fragile despite the efforts of the government and its extensive stimulus plan. Panelists participating in the LatinFocus Consensus Forecast expect the economy to grow 2.9% in 2015, which is unchanged from last month’s projection. For 2016, the panel projects economic growth of 2.8%.
Colombia Economic News
November 18, 2015
The Fedesarrollo consumer sentiment index rose from September’s 4.3 points to 6.8 points in October, reaching a four-month high.
November 9, 2015
In October, consumer prices rose 0.68% over the previous month, which came in slightly below the 0.72% price increase registered in September.
November 5, 2015
In September, exports shrank 43.4% over the same month last year, coming in below August’s 41.6% drop and marking a new multi-year low.
November 3, 2015
The Colombian peso (COP) has been depreciating rapidly since the second half of May 2015.
October 30, 2015
In a divided decision, the members of the Central Bank (BanRep) Board decided to increase the reference interest rate by 50 basis points from 4.75% to 5.25% at the Bank’s 30 October monetary policy meeting.