Colombia Economic Outlook
July 15, 2014Recent indicators paint a rosy picture of the economy. In the first quarter, GDP grew a strong 6.4% over the previous quarter, which marked both an improvement over the 5.3% expansion recorded in the fourth quarter and the quickest pace of growth in over two years. The acceleration was driven by improving domestic demand, particularly private consumption and investment. Exports tallied a 2.9% expansion in May, which contrasted April’s 13.1% contraction. Consumer confidence rose from May’s 23.2 points to 26.6 points in June.
Colombia Economic Data
5 years of Colombia economic forecasts for more than 30 economic indicators.
|Bond Yield||6.6||0.36 %||Jul 18|
|Exchange Rate||1,869||-0.34 %||Jul 18|
|Stock Market||13,944||0.29 %||Jul 18|
Colombia Economic Growth
July 15, 2014LatinFocus Consensus Forecast panelists forecast economic growth of 4.9% in 2014, which is up 0.3 percentage points from last month’s forecast. For 2015, the panel sees economic growth at 4.6%.
See all the data and analysis available in each of our Regional and Country reports.
Colombia Economic News
July 11, 2014
The Fedesarrollo consumer sentiment index rose from 23.3 points in May to 26.6 points in June, reaching the highest value in five months.
July 11, 2014
Exports rose 2.9% over the same month last year in May, which contrasted the 13.1% contraction recorded in April and marked the fastest pace of expansion since December last year.
July 5, 2014
In June, consumer prices rose 0.09% over the previous month, which was below the 0.48% inflation rate registered in May.
July 4, 2014
The Central Bank (BanRep) increased its reference interest rate by 0.25 percentage points to 4.00% at its 20 June monetary policy meeting.
June 19, 2014
In Q1 2014, GDP grew 6.4% over the same quarter of the previous year, exceeding the 5.3% increase registered in Q4 2013.