External Debt in Colombia
Colombia - External DebtAvailable data suggests that the economy sustained a solid pace of expansion into the final quarter despite a sharp decline in oil prices. Retail sales grew robustly in October against a backdrop of weak inflation and falling unemployment, signaling stronger private consumption growth. Moreover, industrial production jumped in October and car sales also soared in the month. Survey-based data was less promising, however, with consumer confidence tumbling to a 20-month low in November and the manufacturing PMI declining throughout the quarter. On 19 December, the deeply-divided Congress passed a much watered-down tax reform bill. Most notably, the original revenue has been halved, thus forcing a freeze on COP 6.2 trillion spending in efforts to fund the COP 7.8 trillion 2019 budget without sacrificing its fiscal goals.
Colombia - External Debt Data
|External Debt (% of GDP)||24.1||26.6||37.7||42.4||39.6|
5 years of economic forecasts for more than 30 economic indicators.
Colombia External Debt Chart
Source: Colombia Central Bank and Met the why particular calculations.
|Bond Yield||6.80||0.0 %||Jan 21|
|Exchange Rate||3,127||-0.17 %||Jan 21|
|Stock Market||11,674||-0.66 %||Jan 21|
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January 18, 2019
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 18 January, the industrial sector lost some pace, with the year-on-year pace of expansion moderating to 4.7% in November, down from 5.4% in October.
January 16, 2019
The Fedesarrollo consumer confidence index improved in December, rising to minus 8.3 points from minus 19.6 points in November.
January 5, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.30% over the previous month in December, after a 0.12% month-on-month increase in November.
January 3, 2019
According to the National Department of Administrative Statistics (DANE), export growth moderated in November.
January 2, 2019
Colombia’s manufacturing sector expanded at broadly the same pace in December as it did in November.