Browse a full set of economic indicators


Includes historical data for Colombia’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

A Commodities Export-Driven Economy

Boasting abundant natural resources, a market of over 52 million people with a growing and increasingly educated middle class, and coastlines on both the Atlantic and Pacific oceans, Colombia has become an attractive destination for foreign investment in Latin America. Further, a history of sound macroeconomic and fiscal policies has helped the country achieve financial stability and greatly reduce poverty rates. With growth concentrated in the commerce sector, manufacturing industries and agriculture, the Colombian government has also undertaken ambitious reforms to stimulate the economy and create jobs.

However, Colombia also grapples with significant challenges. Outside the metropolitan areas, the security situation related to narcotrafficking and illegal mining remains problematic. Colombia is also considered one of the most unequal countries globally. Structural unemployment, a large informal labor market and inadequate infrastructure pose additional concerns.

Macroeconomy & Sovereign Data

Type of Government Presidential republic
Capital Bogota
Sovereign Ratings S&P: A
Moody’s: A2
Fitch: A–
Total Population 52.7 million
Median Age 32.1
Adult Per Capita Income (PPP) 22,453.06
Total GDP (2023) 386.1 billion

Colombia GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 59.5 billion (2023)
Leading Exports Crude Petroleum
Refined Petroleum
Total Imports USD 64.1 billion (2022)
Leading Imports Refined Petroleum
Broadcasting Equipment
Packaged Medicines
Source: World Integrated Trade Solution

Colombia Leading Companies

Bancolombia Financials
Grupo Aval Financials
Grupo Bolivar Insurance
Ecopetrol Oil & Gas Exploration & Production
Grupo Nutresa Consumer Staples, Packaged Foods & Meats
ISA (Interconexion Eléctrica) Utilities
Grupo Argos Conglomerates, Materials, Energy, Real Estate

Major Trade Partners — Import

China 25%
United States 23%
Mexico 6%
Brazil 6%
Germany 3%

Major Trade Partners — Export

United States 28%
China 9%
Panama 6%
India 5%
Brazil 5%

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000