Current Account in Colombia
Colombia - Current AccountThe economy appears to have picked up last year, thanks to a turnaround in the oil sector. On the demand side, private consumption accelerated on reduced inflationary pressures in the first three quarters, but a marked deterioration in consumer confidence in Q4 signals household spending cooled in the quarter. This is likely due to the recently-approved tax reform bill, which will raise personal income taxes for high-income earners. That said, a weak construction sector and the government’s fiscal consolidation drive restrained growth in overall economic activity. In other news, amid dwindling popularity for President Iván Duque, the government announced that planned reform to the pension system, with the overall aim of reducing social security spending, would not be implemented this year. Instead, more time will be spent assessing its likely impacts.
Colombia - Current Account Data
|Current Account (% of GDP)||-3.3||-5.2||-6.3||-4.2||-3.3|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Current Account Chart
Source: Colombia Central Bank and Met the why particular calculations.
|Bond Yield||6.63||0.0 %||Feb 19|
|Exchange Rate||3,116||-0.17 %||Feb 19|
|Stock Market||12,023||-0.66 %||Feb 19|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Colombia: Consumer sentiment gains considerable ground in January, but remains in pessimistic territory
February 19, 2019
The Fedesarrollo consumer confidence index improved markedly in January, climbing to minus 2.8 points from minus 8.3 points in December.
February 14, 2019
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 February, the industrial sector contracted for the first time in nine months in December.
February 5, 2019
According to the National Department of Administrative Statistics (DANE), exports swung to contraction in December from expansion in the previous month.
February 5, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.60% over the previous month in January, following a 0.30% month-on-month upturn in December.
February 1, 2019
Colombia’s manufacturing sector slammed the brakes in January, on the heels of a five-month slump.