Current Account in Colombia

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 |
Colombia Current Account Chart

Source: Colombia Central Bank and FocusEconomics calculations.
Colombia Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 6.08 | 0.0 % | Dec 30 |
Exchange Rate | 3,287 | -0.17 % | Jan 01 |
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Economic News
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Colombia: Merchandise exports rise at weaker pace in December
January 10, 2023
Merchandise exports rose 4.6% on an annual basis in December (November: +8.7% year-on-year).
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Colombia: Inflation exceeds expectations and comes in at highest level since March 1999 in December
January 5, 2023
Inflation increased to 13.1% in December, following November’s 12.5%.
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Colombia: Manufacturing PMI rises above 50.0 threshold for first time in three months in December
January 2, 2023
The S&P Global Manufacturing Purchasing Managers' Index (PMI) rose to 51.1 in December from November's 47.3.
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Colombia: Manufacturing activity growth slows in October
December 15, 2022
Manufacturing output increased 5.3% in year-on-year terms in October, which was a deterioration from September's 6.8% increase.
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Colombia: Consumer confidence improves in December
December 11, 2022
According to a survey elaborated by Fedesarrollo, consumer confidence came in at minus 22.3 in December, up from November's minus 24.8.