Colombia's GDP changed from approximately $46B 501M in 1980 to $386B 76M in 2024, showing an overall 730.3% sharply increased during the period.
The lowest GDP was recorded in 1980 at $46B 501M, and the highest in 2024 at $386B 76M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.9%.
For comparison, the average annual growth rate of Venezuela was 0.9%, and that of Peru was 6.2%.
Colombia GDP from 1980 to 2024
The total market value of goods and services produced annually in Colombia.
Overview of Colombia's GDP (1980–2024)
The Gross Domestic Product (GDP) of Colombia recorded a 730.3% sharply increased from 1980 to 2024.
The average GDP during this period was $176B 157M, and the median was $116B 382M.
GDP fluctuated within a range of $339B 575M, with a standard deviation of $122B 10M.
The average annual change was $8B 550M.
Highest and Lowest GDP Records
- Lowest GDP: 1980, $46B 501M
- Highest GDP: 2024, $386B 76M
- Most Recent GDP: 2024, $386B 76M
Notable Annual GDP Changes
- 2010: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Colombia's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $323B 55M → $270B 348M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $206B 230M → $232B 469M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $99B 270M → $97B 606M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $127B 490M → $117B 725M
- Outcome: declined
Key Economic Indicators of Colombia (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 4.429 % | $ 46B 501M | $ 78B 711M | $ 1,682.43 | $ 2,847.80 | 17.87 % | 27M 639K people | -0.032 % | 0 % |
1981 | 2.277 % | $ 50B 661M | $ 88B 120M | $ 1,792.98 | $ 3,118.74 | 14.46 % | 28M 255K people | -3.399 % | 0 % |
1982 | 0.948 % | $ 54B 252M | $ 94B 453M | $ 1,878.86 | $ 3,271.09 | 11.06 % | 28M 875K people | -5.318 % | 0 % |
1983 | 1.574 % | $ 53B 920M | $ 99B 696M | $ 1,827.90 | $ 3,379.70 | 10.77 % | 29M 498K people | -5.241 % | 0 % |
1984 | 3.351 % | $ 53B 257M | $ 106B 755M | $ 1,767.89 | $ 3,543.82 | 12.24 % | 30M 124K people | -3.921 % | 0 % |
1985 | 3.107 % | $ 48B 581M | $ 113B 553M | $ 1,623.66 | $ 3,795.16 | 13.84 % | 29M 921K people | -3.285 % | 0 % |
1986 | 5.824 % | $ 48B 648M | $ 122B 586M | $ 1,592.85 | $ 4,013.78 | 18.14 % | 30M 541K people | 1.1 % | 0 % |
1987 | 5.369 % | $ 50B 640M | $ 132B 368M | $ 1,624.05 | $ 4,245.16 | 18.74 % | 31M 181K people | -0.041 % | 0 % |
1988 | 4.064 % | $ 54B 592M | $ 142B 606M | $ 1,714.91 | $ 4,479.67 | 20.21 % | 31M 834K people | -0.394 % | 0 % |
1989 | 3.414 % | $ 55B 48M | $ 153B 258M | $ 1,694.09 | $ 4,716.43 | 18.35 % | 32M 494K people | -0.366 % | 1.139 % |
1990 | 4.282 % | $ 56B 71M | $ 165B 801M | $ 1,691.11 | $ 5,000.62 | 18.51 % | 33M 156K people | 0.97 % | 2.396 % |
1991 | 2.372 % | $ 57B 954M | $ 175B 475M | $ 1,712.35 | $ 5,184.66 | 19.44 % | 33M 845K people | 4.05 % | 3.387 % |
1992 | 4.353 % | $ 68B 578M | $ 187B 287M | $ 1,986.54 | $ 5,425.16 | 17.59 % | 34M 522K people | 1.277 % | 2.665 % |
1993 | 5.71 % | $ 77B 721M | $ 202B 674M | $ 2,209.20 | $ 5,760.93 | 16.69 % | 35M 181K people | -2.857 % | 2.084 % |
1994 | 5.147 % | $ 97B 665M | $ 217B 657M | $ 2,726.82 | $ 6,076.99 | 19.77 % | 35M 817K people | -3.759 % | 1.719 % |
1995 | 5.202 % | $ 110B 564M | $ 233B 780M | $ 3,035.31 | $ 6,418 | 19.56 % | 36M 426K people | -4.16 % | 0.928 % |
1996 | 2.056 % | $ 116B 130M | $ 242B 955M | $ 3,137.07 | $ 6,563.02 | 16.33 % | 37M 19K people | -3.997 % | -0.215 % |
1997 | 3.43 % | $ 127B 490M | $ 255B 622M | $ 3,399.33 | $ 6,815.76 | 14.59 % | 37M 505K people | -4.511 % | -1.065 % |
1998 | 0.57 % | $ 117B 725M | $ 259B 968M | $ 3,090.90 | $ 6,825.54 | 13.91 % | 38M 88K people | -4.126 % | -1.072 % |
1999 | -4.204 % | $ 103B 132M | $ 252B 563M | $ 2,673.66 | $ 6,547.60 | 12.83 % | 38M 573K people | 0.65 % | -2.213 % |