Current Account in Colombia

Colombia Current Account | Economic News & Forecasts

Colombia - Current Account

Economic growth weakened slightly in Q3 as the government intensified its fiscal consolidation efforts and fixed investment growth slid on weaker business confidence and a wider slowdown in manufacturing activity. Leading indicators point to a moderation going into Q4, with consumer confidence falling further into negative territory in October on downbeat sentiment over general economic conditions. The manufacturing PMI also lost ground in October–November. After failing to gain approval for the first and second draft of the tax bill, the government is set to present a notably watered-down tax reform proposal to Congress, with its original revenue target halved. Fierce opposition forced the government to abandon the planned tax of basic foodstuffs, thereby compelling a freeze on spending in order to meet the fiscal goals and avert a potential credit rating downgrade.

Colombia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.3  -5.2  -6.3  -4.2  -3.3  

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Colombia Current Account Chart


Colombia Current Account
Note: Current account balance as % of GDP.
Source: Colombia Central Bank and Met the why particular calculations.

Colombia Facts

ValueChangeDate
Bond Yield7.020.0 %Nov 29
Exchange Rate3,239-0.17 %Nov 29
Stock Market11,995-0.66 %Nov 29

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