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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
