Office for Monetary Policy and Economic Information

During the third quarter of 2024, Colombia’s current account of the balance of payments registered a deficit of USD 1,669 million (m), equivalent to 1.6% of the quarterly Gross Domestic Product (GDP). In turn, the financial account, including changes…

Data from the Official Colombian Household Survey (GEIH, by its acronym in Spanish) suggests that, following a period of contraction at the end of 2023, employment grew across all geographic domains. This performance is largely explained by the stronger performance of employment in other…

According to the financial accounts calculated by Banco de la República (the Central Bank of Colombia, Banrep), in the second quarter of 2024, the current account deficit of the Colombian economy reached 1.0% of quarterly…

During the second quarter of 2024, Colombia’s current account of the balance of payments registered a deficit of USD 1,630 million (m), equivalent to 1.6% of the quarterly Gross Domestic Product (GDP). In turn, the financial account, including…

During the second quarter, headline inflation remained stable, while core inflation continued to fall. Inflation would continue its measured downward path to meet its 3.0% target by the end of 2025.

Data from the Official Colombian Household Survey (GEIH by its acronym in Spanish) suggests that, following a period of contraction, national employment has stabilized in recent months, reaching levels close to 22.9 million employed people in the quarter ending in May 2024. This performance…

According to the Financial Accounts calculated by Banco de la República (the Central Bank of Colombia), in the first quarter of 2024, the current account deficit of the Colombian economy reached 1.4% of quarterly GDP…

The current account of Colombia's balance of payments registered a deficit of USD 1,924 million (m) during the first quarter of 2024, which is equivalent to 1.9% of gross domestic product (GDP) for that quarter. The financial account, including the…

Annual inflation has been decreasing for a year and is projected to continue, with inflation at 5.5% in December and the 3% target to be reached in 2025.

In recent months, employment has continued to deteriorate at a moderate pace. According to data from the Official Colombian Household Survey (GEIH by its acronym in Spanish), national aggregate employment declined by 1.8% over the past six months, driven mainly by the rural area, while urban…

According to the financial accounts calculated by Banco de la República (the Central Bank of Colombia), in the fourth quarter of 2023, the current account deficit of the Colombian economy reached 1.6% of quarterly…

Inflation continues to decline but remains well above 3%. It is anticipated to decrease significantly in 2024 and draw closer to the established target in the first half of 2025.

During the third quarter of 2023, the current account of Colombia’s balance of payments registered a USD 2,293 million (m) deficit, equivalent to 2.3% of quarterly GDP. In turn, the financial account, including the change in reserve assets (USD 496 m…

According to the Financial Accounts calculated by Banco de la República (the Central Bank of Colombia), in the third quarter of 2023, the current account deficit of the Colombian economy reached 1.4% of the…

Inflation has decreased since April, and it is projected to continue to reduce significantly throughout 2024 as it converges toward 3%.

As of August 2023, employment continued to grow in both urban and rural areas. According to data from the Official Colombian Household Survey (GEIH, by its acronym in Spanish), national aggregate employment grew by 4.8% annually, driven mainly by the strong performance of employment in urban…

During the second quarter of 2023, the current account of the country’s Balance of Payments registered a USD 2,524 million deficit, equivalent to 3.0% of quarterly gross domestic product (GDP). The financial account, including the change in reserve…

As foreseen in the April Report, inflation began to fall in the second quarter of 2023. It is expected to continue declining in the following quarters and return near the 3% target by the end of 2024.

According to the most recent information from the Great Integrated Household Survey (GEIH in Spanish), as of May 2023, employment in the national aggregate grew by 3.4% in annual terms, mainly driven by the rural area, which grew by 4.0% annually, while in the urban area employment grew by 2.9…

Inflation would peak in March and start to gradually decline as of the second quarter of 2023, bringing inflation back to the 3% target over the next two years.