Domestic Demand in Colombia
The economy of Colombia recorded an average growth rate of 3.9% in the decade up to 2022. In 2022, the growth rate was 9.4%.
Colombia Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for Colombia from 2016 to 2015.
Source: Macrobond.
Colombia Demand Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | 4.0 | -7.6 | 13.4 | 10.1 | -3.9 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Colombian demand projections for the next ten years from a panel of 15 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 demand forecast available for Colombian demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Colombian demand projections.
Want to get access to the full dataset of Colombian demand forecasts? Send an email to info@focus-economics.com.