Servicios
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Transportation services play a critical role across all sectors of the economy by facilitating the movement of goods and services at all production levels. Although not all goods produced in a country require transportation due to inventory accumulation in industries and businesses or because…
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Investment, a crucial driver of a country’s economic growth, is intricately linked with increased productive capacity and infrastructure. After a notable upturn in certain investment components in 2021 and 2022, Colombia experienced a significant investment decline in the past year. High levels of…
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In 2023, the Colombian economy experienced a slowdown in economic activity, registering annual growth of 0.6% after the historical highs experienced in 2021 and 2022. This same year, inflation began to converge to the target, reaching 9.3 % at yearend amid a backdrop of a weakening in domestic…
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Annual inflation has been decreasing for a year and is projected to continue, with inflation at 5.5% in December and the 3% target to be reached in 2025.
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Inflation continues to decline but remains well above 3%. It is anticipated to decrease significantly in 2024 and draw closer to the established target in the first half of 2025.
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After facing the adverse effects brought on by the COVID-19 pandemic, in 2021 and 2022 the Colombian economy grew at a remarkable pace, reflected in a widening of the current account deficit to levels close to its historical maximums (-5.6% and -6.1% of GDP, respectively). In contrast,…
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During the second quarter, headline inflation remained stable, while core inflation continued to fall. Inflation would continue its measured downward path to meet its 3.0% target by the end of 2025.
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Rent is the most important CPI component for Colombian households, representing approximately one-fourth of the household’s index expenditures. Price increases for this component exhibit signifcant inertia because they are indexed to the headline infation of the prior year. In turn, this introduces…
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The global economy experienced a substantial rise in infation in the aftermath of the COVID-19 pandemic and ensuing disruptions in the international supply chain, in addition to the impact on international energy prices resulting from the war between Russia and Ukraine. In emerging economies, this…
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In August 2024, it was projected that family remittance income received in Colombia surpassed USD 1000 million for three consecutive months, an amount of USD 187 million above the monthly average for 2023. The sustained increase of this external income has enhanced the signifcance of this component…
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In the third quarter, headline inflation continued to decrease and is expected to continue doing so gradually to reach 3.0% by the end of 2025.
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I. Performance of Credit Institutions (CIs)
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Given the increase in the working-age population, the employment-to-population rate (ER) remained stable in the recent period, standing at 57.5% in the last rolling quarter, with a notable difference between urban areas (59%) and other municipalities and rural areas (55.9%).
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Inflation has fallen significantly, from 9.3% in 2023 to 5.2% in 2024. During this year and into the next, inflation would continue to decline towards the inflation target.
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Artículo publicado en: Revista Colombiana de Estadística, vol. 35, núm. 3, pp. 477-506, diciembre, 2012.
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Artículo publicado en: Ensayos sobre Política Económica, vol. 30, núm. 68, pp. 274-295, junio, 2012
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The United States Federal Reserve has guaranteed Banco de la República access to repos through FIMA. This facility has been open since 6 April 2020. Eligible institutions are central banks with custody accounts for US Treasury securities at the Federal Reserve. Banco de la República would make use…
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In its virtual meeting today, the Committee for the Coordination and Surveillance of the Financial System, whose members are the Minister of Finance, the Governor of the Central Bank, the Financial Superintendent, and the Director of FOGAFIN (National Deposit Insurance Fund), analyzed aspects that…
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The Covid-19 pandemic brought about an unprecedented deterioration of the Colombian labor market, both in terms of its pace and magnitude. About a quarter of pre-crisis employment was destroyed in March and April, and while a slight upturn in occupation occurred in May, its annual falls continue to…
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The Executive Board of the International Monetary Fund (IMF) met on April 9 to conclude the Article IV consultation with Colombia. In its report, the IMF highlights the country's macroeconomic policy framework and the short-term response to the effects of the COVID-19 pandemic. The flexible…
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The Economic Education Section hereby informs that the deadlines and conditions of the essay contest “De la banca escolar a la banca central” have been modified to ensure the participation of every school in the country. Please read the following information carefully:
New Deadlines
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The files (folders) of those interested in participating in the calls for studies abroad for Colombian citizens 2020 (PhD in Economics, graduate studies in Economic Law, and young musical talents) will be received digitally by email at: DDHB-Estudios-Exterior@banrep.gov.co
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Given the health emergency situation in the country, the service hours at our windows are modified starting Tuesday 19 April 2020, as follows:
In Bogotá:
Calle 13 # 35-25 (Industrial Area)
Mondays through Fridays from 7:00 am to 1:00 pm, non-stop.
Treasury Windows in the Country:
Armenia,…
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