Colombia Economy

Latin America & Caribbean · Upper middle income · Capital: Bogota

Updated 17 Oct 2026

GDP Annual Growth Rate in Colombia increased to 3.37 percent in Q2 2026 from 2.39 percent in Q1 2026. Inflation Rate in Colombia increased to 6.29 percent in Sep 2026 from 6.24 percent in Aug 2026.

GDP Growth
3.4%
▲ +1.0 pp Q2 2026 · OECD
Inflation Rate
6.3%
▲ +0.0 pp Sep 2026 · OECD
Interest Rate
12.00%
■ 0.00 pp Sep 2026 · BIS
Unemployment
9.5%
▲ +1.4 pp Aug 2026 · OECD

GDP Growth Rate

Real GDP, annual % change. Hatched bars are IMF projections.

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Inflation vs Interest Rate

Monthly data, %. Source: OECD, BIS.

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Key Highlights

  • Real GDP grew 3.4% in Q2 2026 (previous year: 2.4%).
  • Consumer price inflation was 6.3% in Sep 2026, compared with 6.2% in the previous period.
  • The central bank policy rate stood at 12.00% at the end of Sep 2026 (previous: 12.00%).
  • The unemployment rate was 9.5% in Aug 2026 (previous: 8.2%).
  • General government debt was 59.9% of GDP in 2025.
  • The IMF projects real GDP growth of 2.2% for 2026 (World Economic Outlook projection).

Main Indicators

IndicatorLastPreviousPeriodTrendSource
GDP Annual Growth Rate3.4%2.4%Q2 2026OECD
Interest Rate12.00%12.00%Sep 2026BIS
Inflation Rate6.3%6.2%Sep 2026OECD
Unemployment Rate9.5%8.2%Aug 2026OECD
Government Debt to GDP59.9%61.0%2025IMF
Balance of Trade-$24.7B-$17.5B2025World Bank
Current Account to GDP-2.4%-1.7%2025World Bank
GDP$457.4B$420.5B2025World Bank

GDP

IndicatorLastPreviousPeriodTrendSource
GDP per Capita$8,562$7,9512025World Bank
GDP per Capita PPP$22,640$22,4392025World Bank
Gross National Income$449.5B$414.1B2025World Bank
GDP from Agriculture9.9%9.5%2025World Bank
GDP from Industry21.8%23.4%2025World Bank
GDP from Manufacturing9.9%10.2%2025World Bank
GDP from Services58.5%57.6%2025World Bank
Gross Fixed Capital Formation16.0%16.2%2025World Bank
Household Consumption to GDP73.2%72.9%2025World Bank
GDP Growth Rate1.29%0.64%Q2 2026OECD

Labour

IndicatorLastPreviousPeriodTrendSource
Youth Unemployment Rate17.7%19.4%2025World Bank
Labour Force Participation Rate63.4%63.5%2025World Bank
Employment Rate58.1%57.4%2025World Bank
Population53.43M52.89M2025World Bank

Prices

IndicatorLastPreviousPeriodTrendSource
GDP Deflator Growth5.4%6.4%2025World Bank
Core Inflation Rate6.5%6.6%Sep 2026OECD
Inflation Rate MoM0.37%0.39%Sep 2026OECD
Food Inflation6.7%6.1%Sep 2026OECD

Money

IndicatorLastPreviousPeriodTrendSource
Lending Rate14.31%16.37%2025World Bank
Deposit Interest Rate8.96%10.17%2025World Bank
Broad Money Growth11.9%11.3%2025World Bank
Foreign Exchange Reserves$65.8B$61.9B2025World Bank
Private Debt to GDP54.9%54.4%Q1 2026BIS
Government Bond 10Y Yield12.73%12.18%Sep 2026OECD
Interbank Rate10.25%10.16%Sep 2026OECD

Trade

IndicatorLastPreviousPeriodTrendSource
Current Account-$11.0B-$7.1B2025World Bank
Exports$68.5B$67.6B2025World Bank
Imports$93.2B$85.1B2025World Bank
Foreign Direct Investment$11.57B$13.68B2025World Bank
External Debt$201.8B$196.2B2024World Bank
Remittances$13.13B$11.87B2025World Bank
Terms of Trade140.1139.22024World Bank
Tourist Arrivals1.40M4.53M2020World Bank
Tourism Revenues$1.96B$6.78B2020World Bank

Government

IndicatorLastPreviousPeriodTrendSource
Government Budget-5.8%-6.0%2025IMF
Government Revenues to GDP28.4%32.2%2024IMF
Government Spending to GDP34.6%35.1%2024IMF
Tax Revenue to GDP15.2%17.5%2024World Bank
Military Expenditure3.20%3.31%2025World Bank

Business

IndicatorLastPreviousPeriodTrendSource
Industrial Production2.0%0.1%Jun 2026OECD
Business Confidence100.91100.63Aug 2026OECD

Consumer

IndicatorLastPreviousPeriodTrendSource
Retail Sales YoY2.7%6.8%Jul 2026OECD
Consumer Confidence101.72102.08Aug 2026OECD

Housing

IndicatorLastPreviousPeriodTrendSource
Residential Property Prices12.8%11.9%Q1 2026BIS

Colombia economy explained in simple words

Size of the economy

The economy of Colombia produced goods and services worth $457.4B in 2025, making it the 36th largest of 214 economies with data.

With a population of about 53.4 million, GDP per person is $8,562. The World Bank classifies Colombia as a “upper middle income” economy.

Economic growth

Real GDP grew 3.4% in 2026, compared with world growth of 3.5% (IMF).

Over the last 10 years growth averaged 2.2% a year, ranging from 0.6% to 3.8%.

The IMF projects growth of 2.2% in 2026.

Prices and interest rates

Consumer price inflation was 6.3% in Sep 2026.

The central bank policy rate was 12.00% at the end of Sep 2026.

The difference between the two — the real interest rate — is about 5.71%.

Jobs

The unemployment rate was 9.5% in Aug 2026 (world: 4.8%).

About 63.4% of people aged 15 and over are in the labour force (working or looking for work).

Government finances

General government debt was 59.9% of GDP in 2025, compared with a median of 52.9% across 191 economies.

The government budget balance was -5.8% of GDP (2025) — a deficit, meaning spending exceeded revenue.

Trade and external position

The current account was -2.4% of GDP in 2025 — a deficit with the rest of the world.

Exports of goods and services were $68.5B and imports $93.2B.

Foreign exchange reserves (including gold) stood at $65.8B.

Structure of the economy

By sector, value added is split roughly as: services 58.5%, industry 21.8%, agriculture 9.9% of GDP.

How to read this page

The four boxes at the top show the most-watched numbers: GDP growth (how fast the economy is expanding), inflation (how fast prices are rising), the central bank policy rate (the base cost of borrowing) and unemployment (the share of job-seekers without work). The small arrow shows the change from the previous reading.

The tabs group all available indicators by topic — GDP, labour, prices, money, trade, government and housing. Each row shows the latest value, the previous value, the period it refers to, a small trend line and the source. Click any indicator to open its full history, chart, statistics and comparison with other countries.

Monthly and quarterly figures come from national statistics offices and central banks — via the OECD, the Bank for International Settlements (BIS) and, for India, the Ministry of Statistics (MoSPI); annual figures come from the World Bank and the IMF. Different indicators are published at different times, so the periods shown can differ.

Frequently asked questions

What is the GDP growth rate of Colombia?
The latest GDP growth rate of Colombia is 3.4% (Q2 2026), compared with 2.4% in the previous period. Source: OECD — Organisation for Economic Co-operation and Development.
What is the inflation rate of Colombia?
The latest inflation rate of Colombia is 6.3% (Sep 2026), compared with 6.2% in the previous period. Source: OECD — Organisation for Economic Co-operation and Development.
What is the interest rate of Colombia?
The latest interest rate of Colombia is 12.00% (Sep 2026), compared with 12.00% in the previous period. Source: Bank for International Settlements (BIS).
What is the unemployment rate of Colombia?
The latest unemployment rate of Colombia is 9.5% (Aug 2026), compared with 8.2% in the previous period. Source: OECD — Organisation for Economic Co-operation and Development.
What is the government debt to GDP ratio of Colombia?
The latest government debt to GDP ratio of Colombia is 59.9% (2025), compared with 61.0% in the previous period. Source: IMF — World Economic Outlook.

Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.