Manufacturing Production in Colombia
The economy recorded average manufacturing growth of 2.9% in the decade to 2022. In 2022, manufacturing growth was 10.7%, down from the 16.2% reading of the prior year.
Colombia Manufacturing Chart
Note: This chart displays Manufacturing Production (ann. var. %) for Colombia from 2014 to 2023.
Source: Macrobond.
Colombia Manufacturing Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Manufacturing Production (ann. var. %) | 1.5 | -8.1 | 16.2 | 10.7 | -5.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Colombian manufacturing projections for the next ten years from a panel of 10 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 manufacturing forecast available for Colombian manufacturing.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Colombian manufacturing projections.
Want to get access to the full dataset of Colombian manufacturing forecasts? Send an email to info@focus-economics.com.