attractive landscape in Colombia

Colombia Total Consumption

Colombia Total Consumption

Total Consumption in Colombia

The economy recorded an average growth rate of 4.2% in total consumption in the decade to 2022. In 2022, total consumption growth was 7.8%, up/down from the 13.6% reading of the prior year.

Colombia Total Consumption Chart

Note: This chart displays Total Consumption (ann. var. %) for Colombia from 2019 to 2018.
Source: Macrobond.

Colombia Total Consumption Data

2019 2020 2021 2022 2023
Total Consumption (ann. var. %) 4.3 -4.2 13.8 8.8 1.0
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Colombian total consumption projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable total consumption forecast available for Colombian total consumption.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Colombian total consumption projections.

Want to get access to the full dataset of Colombian total consumption forecasts? Send an email to info@focus-economics.com.

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

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