Retail Sales in Colombia
Over the past decade to 2022, Colombia's economy recorded an average growth rate of 5.4% in retail sales, significantly above the 1.7% average for Latin America. In 2022, retail sales growth was 9.0%.
Colombia Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Colombia from 2020 to 2024.
Source: Macrobond.
Colombia Retail Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | -1.6 | 12.3 | 9.4 | -4.1 | 1.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Colombian retail projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Colombian retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Colombian retail projections.
Want to get access to the full dataset of Colombian retail forecasts? Send an email to info@focus-economics.com.