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Colombia GDP

Colombia's GDP rose to $418.54 billion in 2024, up from $366.29 billion in 2023, according to World Bank. This represents an increase of 14.3% ($52.25 billion) from the previous year and accounts for 0.38% of the world's total GDP. Colombia has GDP higher than the global median ($418.54 billion vs median $35.85 billion). Compared with the median in Americas, Colombia is higher ($418.54 billion vs regional median $25.03 billion) and ranks 6th out of 44 countries in Americas.

Colombia's GDP per capita rose to $6,873.42 in 2024, up from $6,828.6 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 418.54
2023 366.29
2022 345.63
2021 318.52
2020 270.35
2019 323.03
2018 334.2
2017 311.87
2016 282.72
2015 293.49
2014 381.24
2013 382.09
2012 370.69
2011 334.97
2010 286.5
2009 232.47
2008 242.5
2007 206.23
2006 161.79
2005 145.6
2004 117.09
2003 94.64
2002 97.95
2001 98.2
2000 99.88
1999 86.28
1998 98.49
1997 106.66
1996 97.15
1995 92.5
1994 81.71
1993 66.47
1992 58.39
1991 49.64
1990 47.84
1989 39.54
1988 39.21
1987 36.37
1986 34.94
1985 34.89
1984 38.25
1983 38.73
1982 38.97
1981 36.39
1980 33.4
1979 27.94
1978 23.26
1977 19.47
1976 15.34
1975 13.1
1974 12.37
1973 10.32
1972 8.67
1971 7.82
1970 7.2
1969 6.45
1968 5.96
1967 5.83
1966 5.43
1965 5.76
1964 5.97
1963 4.84
1962 4.96
1961 4.54
1960 4.03
Colombia GDP : Definition
GDP measures the total value of all goods and services produced in Colombia, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 1.74% 0.71% 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