Colombia GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


Colombia GDP from 1980 to 2024

The total market value of goods and services produced annually in Colombia.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 46B 501M
    $ 1,682.43
    $ 2,847.80
    $ 78B 711M
    4.429 %
    -0.032 %
    17.87 %
    0 %
    27M 639K people
    1981
    $ 50B 661M
    $ 1,792.98
    $ 3,118.74
    $ 88B 120M
    2.277 %
    -3.399 %
    14.46 %
    0 %
    28M 255K people
    1982
    $ 54B 252M
    $ 1,878.86
    $ 3,271.09
    $ 94B 453M
    0.948 %
    -5.318 %
    11.06 %
    0 %
    28M 875K people
    1983
    $ 53B 920M
    $ 1,827.90
    $ 3,379.70
    $ 99B 696M
    1.574 %
    -5.241 %
    10.77 %
    0 %
    29M 498K people
    1984
    $ 53B 257M
    $ 1,767.89
    $ 3,543.82
    $ 106B 755M
    3.351 %
    -3.921 %
    12.24 %
    0 %
    30M 124K people
    1985
    $ 48B 581M
    $ 1,623.66
    $ 3,795.16
    $ 113B 553M
    3.107 %
    -3.285 %
    13.84 %
    0 %
    29M 921K people
    1986
    $ 48B 648M
    $ 1,592.85
    $ 4,013.78
    $ 122B 586M
    5.824 %
    1.1 %
    18.14 %
    0 %
    30M 541K people
    1987
    $ 50B 640M
    $ 1,624.05
    $ 4,245.16
    $ 132B 368M
    5.369 %
    -0.041 %
    18.74 %
    0 %
    31M 181K people
    1988
    $ 54B 592M
    $ 1,714.91
    $ 4,479.67
    $ 142B 606M
    4.064 %
    -0.394 %
    20.21 %
    0 %
    31M 834K people
    1989
    $ 55B 48M
    $ 1,694.09
    $ 4,716.43
    $ 153B 258M
    3.414 %
    -0.366 %
    18.35 %
    1.139 %
    32M 494K people
    1990
    $ 56B 71M
    $ 1,691.11
    $ 5,000.62
    $ 165B 801M
    4.282 %
    0.97 %
    18.51 %
    2.396 %
    33M 156K people
    1991
    $ 57B 954M
    $ 1,712.35
    $ 5,184.66
    $ 175B 475M
    2.372 %
    4.05 %
    19.44 %
    3.387 %
    33M 845K people
    1992
    $ 68B 578M
    $ 1,986.54
    $ 5,425.16
    $ 187B 287M
    4.353 %
    1.277 %
    17.59 %
    2.665 %
    34M 522K people
    1993
    $ 77B 721M
    $ 2,209.20
    $ 5,760.93
    $ 202B 674M
    5.71 %
    -2.857 %
    16.69 %
    2.084 %
    35M 181K people
    1994
    $ 97B 665M
    $ 2,726.82
    $ 6,076.99
    $ 217B 657M
    5.147 %
    -3.759 %
    19.77 %
    1.719 %
    35M 817K people
    1995
    $ 110B 564M
    $ 3,035.31
    $ 6,418
    $ 233B 780M
    5.202 %
    -4.16 %
    19.56 %
    0.928 %
    36M 426K people
    1996
    $ 116B 130M
    $ 3,137.07
    $ 6,563.02
    $ 242B 955M
    2.056 %
    -3.997 %
    16.33 %
    -0.215 %
    37M 19K people
    1997
    $ 127B 490M
    $ 3,399.33
    $ 6,815.76
    $ 255B 622M
    3.43 %
    -4.511 %
    14.59 %
    -1.065 %
    37M 505K people
    1998
    $ 117B 725M
    $ 3,090.90
    $ 6,825.54
    $ 259B 968M
    0.57 %
    -4.126 %
    13.91 %
    -1.072 %
    38M 88K people
    1999
    $ 103B 132M
    $ 2,673.66
    $ 6,547.60
    $ 252B 563M
    -4.204 %
    0.65 %
    12.83 %
    -2.213 %
    38M 573K people