International Reserves in Colombia

Colombia International Reserves | Economic News & Forecasts

Colombia - International Reserves

Incoming data continues to paint a dire picture of the economy in the second quarter, amid a collapse in output due to the Covid-19 pandemic and low oil prices. In May, exports collapsed around 40% after having plummeted 50% in April, while the unemployment rate hit a record high and consumer confidence clocked the second-worst result on record. That said, the manufacturing PMI jumped into expansionary territory in June, suggesting that an easing of the lockdown measures could have helped restart economic activity. In addition, the government announced three tax-free holidays in June and July to help kick start consumer spending, waiving the 19% VAT. While it bodes well for retail sales figures as large crowds came out, the move has been widely criticized due to the possible implications for public health.

Colombia - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)46.7  46.7  47.6  48.4  53.2  

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Colombia International Reserves Chart

Colombia International Reserves
Note: International reserves in months of imports.
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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