Colombia - Gross domestic product in constant prices growth rate

0.6 (%) in 2023

Real GDP growth of Colombia plummeted by 91.60% from 7.3 % in 2022 to 0.6 % in 2023. Since the 24.30% surge in 2019, real GDP growth sank by 80.80% in 2023.

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What is real GDP growth?

Annual percentage growth rate of GDP at market prices based on constant local currency. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

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What is Colombia real GDP growth?