Total Consumption in Colombia
The economy recorded an average growth rate of 4.2% in total consumption in the decade to 2022. In 2022, total consumption growth was 7.8%, up/down from the 13.6% reading of the prior year.
Colombia Total Consumption Chart
Note: This chart displays Total Consumption (ann. var. %) for Colombia from 2019 to 2018.
Source: Macrobond.
Colombia Total Consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Total Consumption (ann. var. %) | 4.3 | -4.2 | 13.8 | 8.8 | 1.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Colombian total consumption projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable total consumption forecast available for Colombian total consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Colombian total consumption projections.
Want to get access to the full dataset of Colombian total consumption forecasts? Send an email to info@focus-economics.com.