Colombia - PIB - Tasa de crecimiento anual

Colombia's economy expanded 3.0 percent year-on-year in the second quarter of 2019, following an upwardly revised 3.1 percent advance in the previous period and beating market expectations of 2.9 percent. Main contributors to the GDP growth were retail & wholesale trade (4.8 percent vs 4.1 percent); public administration (3.1 percent vs 4.1 percent); professional, scientific and technical activities (3.6 percent, the same as in Q1); finance & insurance (4.6 percent vs 5.5 percent) and construction (0.6 percent vs -5.5 percent). On a seasonally adjusted quarterly basis, the GDP rose 1.4 percent, after an upwardly revised 0.8 percent growth in the previous quarter.

Colombia's economy grew 2.8 percent year-on-year in the first quarter of 2019, following a downwardly revised 2.7 percent expansion in the previous three-month period and missing market expectations of 3 percent. The mining sector was the biggest contributor to the GDP increase (5.3 percent vs 0.0 percent in Q4), followed by retail & wholesale trade (4 percent vs 3.2 percent), manufacturing (2.9 percent vs 2.5 percent), financial activities & insurance (5.5 percent vs 2.8 percent), real estate (3 percent vs 1.8 percent), utilities (3.1 percent vs 2.6 percent), and agriculture (1.4 percent vs 1.1 percent). By contrast, construction output plunged 5.6 percent, following a 4.5 percent advance in the previous period. On a quarterly basis, the economy stalled, after growing 0.7 percent in the fourth quarter.

The Colombian economy advanced 2.8 percent year-on-year in the fourth quarter of 2018, following a 2.7 percent expansion in the previous period and matching market expectations. Stronger growth was reported for: trade, repairs, restaurants & hotels and transportation (2.9% from 2.6% in Q3); arts & entertainment (2.6% from 1.0%); construction (4.2% from 1.8%) and agriculture (0.9% from 0.1%). Meanwhile, expansion slowed for professional services (3.3% from 3.6%); public administration (3.9% from 4.5%); finance & insurance (2.7% vs 1.7%); manufacturing (2.5% from 2.9%) and utilities (2.6% from 3.0%). Also, the mining sector shrank (-0.1% from 1.0%) while information & communication grew at the same pace (3.7%, the same as in Q3). On a quarterly basis, the GDP expanded 0.6 percent, after a 0.8 percent growth in the prior period and above market consensus of 0.4 percent. Considering full 2018, the economy grew 2.7 percent above 1.4 percent in 2017.