Current Account in Colombia
Colombia - Current AccountGDP 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
|Current Account (% of GDP)||-6.3||-4.3||-3.3||-3.9||-4.2|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Current Account Chart
Source: Colombia Central Bank and FocusEconomics calculations.
|Bond Yield||6.08||0.0 %||Dec 30|
|Exchange Rate||3,287||-0.17 %||Jan 01|
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September 8, 2022
Consumer confidence jumped to minus 2.4 in August from July's minus 10.4.
September 7, 2022
Merchandise exports expanded 17.7% year-on-year in July, decelerating from June’s 74.3% increase.
September 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) rose to 52.4 in August from July's 49.5.
August 16, 2022
GDP growth sped up to 12.6% year on year in the second quarter, from 8.5% in the first quarter.
August 12, 2022
Manufacturing output grew 12.3% in year-on-year terms in June, which followed May's 46.1% increase.