Current Account in Colombia

Colombia Current Account | Economic News & Forecasts

Colombia - Current Account

Available data suggests that the relatively weak dynamics of Q1 persisted in the second quarter. Retail sales growth eased in April, which, coupled with consumers turning more pessimistic, on average, in April–May compared to the first quarter, signals that private consumption lost some strength. Furthermore, industrial production contracted for the first time in over a year in April. This, alongside the manufacturing PMI entering contractionary territory in June, following fairly positive readings in April and May, hints at softer business activity in Q2. In other news, the government announced in early June that the original fiscal deficit targets of 2.4% and 2.2% of GDP will be maintained this year and next, respectively, despite being allowed to relax them to address the influx of Venezuelan migrants. Some concern remains, however, over the credibility of the pace of fiscal consolidation.

Colombia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.3  -5.2  -6.3  -4.2  -3.3  

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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

ValueChangeDate
Bond Yield5.900.0 %Jul 11
Exchange Rate3,199-0.17 %Jul 11
Stock Market13,005-0.66 %Jul 11

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