Colombia GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

2.7

Units In

2.3

Frequency

Quarterly

Next Release

Aug 15, 2025

Time to Release

2 Months 29 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
17.5 Jun 2021	-15.8 Jun 2020	3.64 %	2001-2025	N/A

The biggest and the fastest growing sector of Colombian economy is services (53 percent of GDP) including: financing, insurance, real estate and business services; community, social and personal services; trade, repairs, restaurants and hotels and transport, warehousing and communication. Manufacturing, mining and quarrying create 20 percent of the wealth. Other sectors include: government (10 percent), agriculture, hunting, forestry and fishing (6.3 percent); construction (6 percent) and electricity, gas and water distribution (4 percent).

Latest Updates

Colombia's GDP grew by 2.7% in March 2025 compared to the same month the previous year, up from 2.3% in February and above expectations of 2.5%. This was the fastest annual rate of expansion in two years. The result was driven by a 7.1% increase in agricultural production, fueled by record coffee prices following prolonged droughts in Brazil and Vietnam—Colombia’s main competitors. In contrast, the oil and mining sectors declined by 5%, which limited further growth. On a seasonally adjusted basis, the economy expanded 0.8% from the previous quarter. Despite the strong performance, the economy remains sensitive to external conditions, particularly demand from the US, its main trading partner, and the indirect effects of the tariff war with China.