Current Account in Colombia

Colombia Current Account | Economic News & Forecasts

Colombia - Current Account

GDP growth beat market expectations in Q1, but was still lower than that seen last year. The manufacturing plus retail and wholesale trade sectors grew strongly, while the agricultural sector contracted. Turning to Q2, the data paints a mixed picture. The manufacturing PMI averaged higher in April–May than it did in Q1, thanks to robust domestic demand, with consumer confidence ticking up in April–May. That said, inflation remained at a close to 22-year high in May and interest rates continue to rise, boding poorly for consumer spending. In politics, all eyes are on the presidential elections. In a dramatic development, Rodolfo Hernández, a 77-year-old right-wing populist, tripled his support in just over two months to reach the second round of the elections—to be held on 19 June—along with left-wing frontrunner Gustavo Petro.

Colombia - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-6.3  -4.3  -3.3  -3.9  -4.2  

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Colombia Current Account Chart

Colombia Current Account
Note: Current account balance as % of GDP.
Source: Colombia Central Bank and FocusEconomics calculations.

Colombia Facts

Value Change Date
Bond Yield6.080.0 %Dec 30
Exchange Rate3,287-0.17 %Jan 01

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