Finance Colombia » GDP Growth

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Colombia’s Constitutional Court Invalidation Of Tax Reform Package Unlikely To Have Significant Macroeconomic Impact

Colombia’s Constitutional Court invalidated several articles of the President Ivan Duque’s “Ley de Financiamiento” fiscal reform law that was approved at the end of 2018 declaring them unenforceable. This means that the government has until January 1 2020 to return to...

Posted On November 4, 2019

, By Loren Moss

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Bancolombia Projects Colombian GDP to Grow by 2.5% in 2018

Growth will be driven by higher commodities prices, improved household consumption, and a more balanced performance across various sectors.

Posted On February 4, 2018

, By Jared Wade

Colombia Central Bank Projects GDP to Grow by 2.7% in 2018. (Photo credit: kschneider2991 / Pixabay)

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Colombian Central Bank Projects GDP to Grow by 2.7% in 2018

The prediction is slightly below the 3.0% and 2.9% forecasts from the World Bank and IMF, respectively.

Posted On January 31, 2018

, By Jared Wade

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IMF Projects Colombian GDP to Grow by 3.0% in 2018

The IMF projection is in line with the 2.9% prediction issued last week by the World Bank.

Posted On January 26, 2018

, By Jared Wade

World Bank. (Credit: Ministry of Telecom and Mass Communications of the Russian Federation / Minsvyaz.ru)

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World Bank Projects Colombian GDP to Grow by 2.9% in 2018

Looking further ahead, the World Bank has forecast Colombian GDP to increase by 3.4% in both 2019 and 2020.

Posted On January 15, 2018

, By Jared Wade

mauricio cardenas colombia finance minister tax reform ecopetrol

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Colombian Finance Minister Lowers Forecast for Colombia GDP Growth to 2.0% for 2017

"These forecasts for Colombia's growth are much higher, compared to the other scenarios in Latin America," said Cárdenas.

Posted On July 26, 2017

, By Jared Wade

The latest IMF World Economic Update forecasts Colombia GDP growth to hit just 2.0% for the second straight year. (Credit: IMF)

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IMF Once Again Lowers Forecast for Colombia’s 2017 GDP Growth to 2.0%

Last July, the IMF forecasted Colombia's GDP to grow by 3.0% in 2017. In October, that figure fell to 2.7% then, in April, it was cut again to 2.3%. Now it sits at 2.0%.

Posted On July 25, 2017

, By Jared Wade