Office for Monetary Policy and Economic Information

During the fourth quarter of 2024, Colombia’s current account of the balance of payments registered a deficit of USD 2,240 million (m), equivalent to 2.1% of quarterly gross domestic product (GDP). In turn, the financial account, including the…

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 fourth quarter of 2023, the current account deficit of the Colombian economy reached 1.6% of quarterly…

Given the increase in the working-age population, the employment-to-population rate (ER) remained stable in the recent period, standing at 57.5% in the last rolling quarter, with a notable difference between urban areas (59%) and other municipalities and rural areas (55.9%).

Inflation has fallen significantly, from 9.3% in 2023 to 5.2% in 2024. During this year and into the next, inflation would continue to decline towards the inflation target.

According to the Financial Accounts calculated by Banco de la República (the Central Bank of Colombia, Banrep), in the third quarter of 2024, the current account deficit of the Colombian economy reached 0.9% of…

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…

Los datos de la Gran encuesta integrada de hogares (GEIH) indican que, tras un periodo de contracción a fínales del año 2023, el empleo creció en todos los dominios geográficos. Este comportamiento es explicado, en particular, por el mejor desempeño de la ocupación en las otras cabeceras y el…

In the third quarter, headline inflation continued to decrease and is expected to continue doing so gradually to reach 3.0% by the end of 2025.

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…

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.

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.

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.

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

As of November 2022, the Colombian labor market has stabilized. This is due to the heterogeneous dynamics between the urban and rural domains. In the first domain, employment continues to grow, while in the second, there have been contractions in recent months. Job losses in the rural area <…

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.

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.

In December, headline inflation (13.1%) and the average of the core inflation measures (10.3%) continued to trend upward, posting higher rates than those estimated by the Central Bank's technical staff and surpassing the market average. Inflation expectations for…