Current Account in Colombia

Colombia Current Account (USD bn) | Economic News & Forecasts

Colombia - Current Account (billions of U.S. Dollars)

First-quarter growth came in slightly above Q4 2018, thanks to a positive contribution from inventories countering weakness on the domestic and external front. Ongoing belt-tightening measures caused government spending to decelerate, which, along with a fall in fixed investment growth amid weak business sentiment, eroded the gains from a faster expansion in private consumption. Meanwhile, exports rose more softly on reduced oil sales. Going into Q2, the data is mixed. Exports bounced back in April on higher fuel shipments, while the manufacturing PMI returned to expansionary territory in the first two months. On the downside, households turned markedly pessimistic in April, boding ill for private spending at the outset of the quarter. In other news, Colombia received mixed signals from credit agencies on the progress of fiscal consolidation efforts: On 23 May, Moody’s upgraded the sovereign outlook to stable, while Fitch Ratings downgraded it to negative.

Colombia - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-12.5  -19.8  -18.5  -12.0  -11.4  

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Colombia Current Account (USD bn) Chart

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

Colombia Facts

Bond Yield6.040.0 %Jun 14
Exchange Rate3,273-0.17 %Jun 14
Stock Market12,317-0.66 %Jun 14

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