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Colombia — Market Overview

Americas>Colombia

🇨🇴 Colombia

Colombia trades as a market where commodity exposure, bank earnings, and domestic policy credibility interact directly, so shifts in oil, rates, and the reform backdrop can move valuations quickly. The cleanest read usually comes from oil and external balances, local rate policy, and whether banks and domestic consumers can stay resilient through political noise.

Regional map

Key facts

Colombia at a glance

Capital

Bogota

Currency

Colombian Peso ($)

Primary exchange

BVC

Central bank

Colombia Central Bank

Region

Americas

Time zone

America/Bogota

Source: DANE Colombia,

Country dashboard

Why this market matters

This version combines a stylized country map with a switchable macro explorer built from official published history, using OECD primary datasets where available and World Bank annual series where coverage is otherwise incomplete.

Macro explorer

Switch variables, keep the country context

These country charts now use official OECD quarterly and monthly history where the feed is actually published, with government debt added from the World Bank when a stable public series exists. Variables without dependable republishable coverage are left out instead of being interpolated, so each page shows fewer lines only when the source coverage is genuinely thinner.

GDP

Nominal GDP shown as bars.

COP 500TCOP 1000TCOP 1500TCOP 2000T201020112012201320142015201620172018201920202021202220232024
Click a year to zoom from that point.

Available variables

GDP

COP 1706.4T
1Y trend+7.7%
Avg growth+8.7%

What This Signals

This view isolates nominal GDP, which is useful for seeing the economy's absolute scale instead of a growth rate or ratio.

Trade and external position

Exports, services, and external balance

Instead of a generic macro-card wall, this section focuses on how the country earns demand from abroad, where its trade edge sits, and how the external balance is evolving.

Total trade Colombia$155.1B
Goods
Services
Goods
Services
Export$67.4B
$87.6BImport
External Balance2024
Exports +$67.4B
Imports -$87.6B
Balance-$20.2B
$67.4B
Total exports

The full export figure, combining goods and services in one line. It is the cleanest way to read how much external demand Colombia is capturing across both physical products and higher-value intangible flows.

$49.6B
Goods exports

This is the merchandise side of exports: industrial supplies, capital goods, autos, food, and other physical products. It matters because it reflects the health of manufacturing, energy, aerospace, and the broader global industrial cycle.

$18.0B
Services exports

This is the intangible side: finance, travel, licensing, business services, and IP-linked flows. It matters because it shows where Colombia is strongest in higher-margin, knowledge-intensive, and branded service activities.

Trade composition

What the country exports

Trade partners

Where the country trades

Commodity lens

Raw-material exposure

Trade openness37.0%

Trade in goods and services equaled 37.0% of GDP in 2024. This is a quick read on how externally exposed the economy is.

Services share of exports26.8%

Services represented 26.8% of total exports in the latest reading, which helps show whether the export mix leans more toward intangibles or merchandise.

Manufactures share21.4%

Manufactures accounted for 21.4% of merchandise exports in 2024.

Fuel share45.3%

Fuel exports accounted for 45.3% of merchandise exports in 2024, useful for reading commodity exposure.

Food share18.1%

Food exports accounted for 18.1% of merchandise exports in 2024, adding context on agricultural exposure.

What to watch

Reading framework

01

oil and exports

Colombia should first be read through oil and exports. When this regime shifts, local multiples and sector leadership usually shift with it.

02

rate policy

The cleanest read usually comes from oil and external balances, local rate policy, and whether banks and domestic consumers can stay resilient through political noise. That makes rate policy one of the most important signals for revising the country narrative.

03

bank and consumer resilience

The final layer is bank and consumer resilience, because it determines whether the macro backdrop turns into sustainable earnings support for the COLCAP.

Other countries

Continue across Americas

Each card opens the same country template with its own map, switchable macro variables, and benchmark view. This is the first linked network of country pages across the region.