The International Monetary Fund (IMF) on April 30 announced that it foresees 2.7% growth in Colombia’s gross domestic product (GDP) this year. In its latest annual “executive board” report
Medellin-based national electric-power grid operator and power-trading center XM announced April 17 that power demand in Colombia is up 3% year-on-year through first-quarter (1Q) 2018, compared to a 1.8% net year-on-year decline in 1Q 2017. Over the last 12 months through March 2018, Colombian power demand is up 2.5%, whereas power demand actually fell 1.5% […]
Colombia’s national economic statistics agency (Departamento Administrativo Nacional de Estadistica, DANE) revealed February 5 that full-year 2017 exports jumped 19% year-on-year, to US$37.8 billion, up from US$31.7 billion in 2016 — a year that saw exports drop 11.8% year-on-year. By dollar value, petroleum and mining exports led the field, up 32.4% year-on-year,
The latest monthly survey of leading banks and financial firms by Colombia’s Banco de la Republica (the national bank) finds that the Colombian peso is likely to trade in a range of COP$2,800 to COP$3,200 per US$1 during 2018, with a foreseen average of COP$2,995/US$1 by year-end. The monthly survey
In a new study released January 15, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) finds that Colombia’s gross domestic product (GDP) is likely to rebound to 2.6% growth in 2018, up from 1.8% in 2017. “GDP is projected to expand by 2.6% in 2018 against a backdrop of lower interest […]
Colombia’s top economic think-tank — Fundación para la Educación Superior y el Desarrollo (Fedesarollo) — on December 13 unveiled a report which finds that mining and energy projects will continue to be crucial to restoration of slumping national government finances. Antioquia is Colombia’s biggest gold-mining department — and hence figures into the
The Economic Commission for Latin America and the Caribbean (ECLAC) announced October 30 in a new report that Colombia’s exports are forecast to rise by 16.5% for full-year 2017, up sharply from a 12.8% decline in 2016. Meanwhile, imports to Colombia are expected to rise 5.2% this year, up from a 16.9% decline last year, […]
The latest report from Colombia’s national economic statistics agency (DANE – Departamento Administrative Nacional de Estadistica) shows that Colombian exports through August 2017 are up 15.7% year-on-year and 19.5% for the first eight months of 2017. Antioquia once again leads all departments in the nation with an 18.8% share in total dollar value of exports […]
The latest report from Colombia’s national Departamento Administrativo Nacional de Estadística (DANE) shows that industrial production in metropolitan Medellin dropped 10% year-on-year in second quarter (2Q) 2017 and has fallen 6.8% through first-half (1H) 2017 (see chart, above). A sharp drop in textiles output (down 25%) and a 19.8% drop in “other manufactured goods”
The International Monetary Fund (IMF) announced in a report issued May 31 that Colombia’s economy is starting to rebound – and it’s performing much better than its neighbors following the oil-price collapse nearly three years ago. As a result, real gross domestic product (GDP) growth would rebound to 2.3% this year, up from 2.0% last […]
