attractive landscape in Colombia

Colombia GDP Q2 2022

Colombia: GDP growth accelerates in the second quarter

GDP growth sped up to 12.6% year on year in the second quarter, from 8.5% in the first quarter.

Household spending increased 14.6% in the second quarter, above the first quarter’s 12.2% expansion. Meanwhile, public consumption growth moderated to 3.7% in Q2 (Q1: +8.5% yoy). Simultaneously, fixed investment growth waned to 9.6% in Q2, from 11.0% logged in the previous quarter.

On the external front, exports of goods and services growth accelerated to 31.6% in Q2 (Q1: +18.6% yoy). Conversely, imports of goods and services growth moderated to 31.7% in Q2 (Q1: +36.7% yoy), marking the lowest reading since Q1 2021.

Lastly, on a seasonally adjusted quarter-on-quarter basis, economic growth sped up to 1.5% in Q2, compared to the previous quarter’s 1.4% increase.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen