Colombia Economic Outlook
July 11, 2017The Ministry of Finance presented this year’s medium-term fiscal plan on 14 June. The new macroeconomic assumptions include a downward revision to GDP growth this year, partially reflecting Q1’s disappointing reading. While the economy is expected to pick up in 2018, public spending is projected to fall—the result of fiscal consolidation efforts—and thus represents a downside risk to GDP growth. The fiscal plan also presented the first estimates for the costs of implementing the peace deal with FARC, which amount to about 15% of 2016’s GDP over the course of the next 15 years.
Colombia Economy Data
5 years of Colombia economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||7.01||1.30 %||Jul 26|
|Exchange Rate||3,017||-0.44 %||Jul 26|
|Stock Market||10,914||-0.25 %||Jul 26|
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Colombia Economic Growth
July 11, 2017The Colombian economy will be supported this year by accommodative monetary policy, stronger government consumption and higher commodities prices. Analysts expect the economy to grow 2.0% in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, our panel projects economic growth of 2.8%.
Colombia Economic News
July 6, 2017
In June, consumer prices rose 0.10% from the previous month, which was below May’s 0.47% reading and market expectations of a 0.70% increase.
June 5, 2017
In May, consumer prices rose 0.23% from the previous month, which was below April’s 0.47% reading and market expectations of a 0.32% increase.
June 2, 2017
In April, exports grew just 6.8% from the same month of the previous year, which followed the staggering 37.9% expansion recorded in March and was the lowest reading since October 2016.
May 26, 2017
The board of the Central Bank (BanRep) decided to cut the policy rate by 25 basis points to 6.25% at its 26 May monetary policy meeting, which was in line with market expectations.
May 16, 2017
The Fedesarrollo consumer sentiment index rose from March’s minus 21.1 points to minus 12.8 points in April, marking a four-month high.