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Colombia GDP Annual Growth Rate

Colombia's GDP annual growth rate rose to 1.74% in 2024, up from 0.71% in 2023, according to World Bank. This represents an increase of 1.03% from the previous year. Colombia has GDP annual growth rate lower than the global median (1.74% vs median 3.24%). Compared with the median in Americas, Colombia is lower (1.74% vs regional median 3.27%) and ranks 32nd out of 44 countries in Americas.

Colombia's real GDP rose to $363.51 billion in 2024, up from $357.28 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 1.74%
2023 0.71%
2022 7.33%
2021 10.8%
2020 -7.19%
2019 3.19%
2018 2.56%
2017 1.36%
2016 2.09%
2015 2.96%
2014 4.5%
2013 5.13%
2012 3.91%
2011 6.95%
2010 4.49%
2009 1.14%
2008 3.28%
2007 6.74%
2006 6.72%
2005 4.83%
2004 5.33%
2003 3.92%
2002 2.5%
2001 1.68%
2000 2.92%
1999 -4.2%
1998 0.57%
1997 3.43%
1996 2.06%
1995 5.2%
1994 5.81%
1993 5.39%
1992 4.04%
1991 2%
1990 4.28%
1989 3.41%
1988 4.06%
1987 5.37%
1986 5.82%
1985 3.11%
1984 3.35%
1983 1.57%
1982 0.95%
1981 2.28%
1980 4.09%
1979 5.38%
1978 8.47%
1977 4.16%
1976 4.73%
1975 2.32%
1974 5.75%
1973 6.72%
1972 7.67%
1971 5.96%
1970 6.21%
1969 6.1%
1968 5.93%
1967 4.13%
1966 5.24%
1965 3.6%
1964 6.17%
1963 3.29%
1962 5.41%
1961 5.09%
Colombia GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Colombia's total economic output.
Indicator Last Value Prior Value Period
GDP $418.54B $366.29B 2024
GDP Growth Rate (QoQ) 0.5% 0.3% Jun'25
GDP Growth Rate (YoY) 2.1% 2.7% Jun'25
GDP per Capita $6,873.42 $6,828.6 2024
GDP per Capita PPP $18,503.67 $18,383 2024
R&D Expenditure (% GDP) 0.29% 0.32% 2020
Real GDP $363.51B $357.28B 2024