Colombia Economy 2026: GDP, Growth Rate & World Ranking

Colombia has the 32nd-largest nominal GDP of the 189 economies SOTW covers for 2026: $572.74 billion (IMF projection). It sits just behind Thailand ($599.12 billion) and ahead of Malaysia ($547.10 billion). The IMF projects real GDP growth of 2.2% and inflation of 6.0% for 2026. Colombia's population was 53.4 million in 2025.

Nominal GDP: $572.74B; Reference year 2026 (IMF projection); current US dollars; International Monetary Fund (World Economic Outlook); Series and history →; Unrounded value
572735000000 current US dollars
Real GDP growth: 2.2%; Reference year 2026 (IMF projection); annual percent change in real GDP; International Monetary Fund (World Economic Outlook); Series and history →; Unrounded value
2.2 annual percent change in real GDP
Inflation (annual-average CPI): 6.0%; Reference year 2026 (IMF projection); annual percent change in average consumer prices; International Monetary Fund (World Economic Outlook); Series and history →; Unrounded value
6 annual percent change in average consumer prices
Unemployment: 9.0%; Reference year 2026 (IMF projection); percent of labor force; International Monetary Fund (World Economic Outlook); Series and history →; Unrounded value
9 percent of labor force
GDP per person: $10,726; Reference year 2026 (IMF projection); current US dollars per person; International Monetary Fund (World Economic Outlook); Series and history →; Unrounded value
10725.535 current US dollars per person
Population: 53.4M; Reference year 2025; people; World Bank (World Development Indicators); Series and history →; Unrounded value
53425635 people
General government gross debt: 59.5%; Reference year 2026 (IMF projection); percent of GDP; International Monetary Fund (World Economic Outlook); Series and history →; Unrounded value
59.5 percent of GDP
Life expectancy at birth: 77.9 years; Reference year 2024; years; World Bank (World Development Indicators); Series and history →; Unrounded value
77.913 years

IMF projection: a forecast from the IMF World Economic Outlook, revised at each release, not a measured value.

About these figures

Each figure keeps its own year, unit and source, shown on its card. Missing values are not zero: a card that says Not reported has no figure for this economy.

IMF figures for the current year and later are projections from the World Economic Outlook and change with each edition. Earlier IMF years can still be estimates. Some economies report on a fiscal year rather than a calendar year, and the source data do not record each country-specific fiscal-year mapping, so the same year label may not cover the same twelve months everywhere.

The GDP rank compares economies with a positive IMF figure for the same year; older figures and regional aggregates are not ranked. Nominal GDP is in US dollars at market exchange rates. GDP per person is output per person, not a typical income. General government gross debt covers every level of government, so it is broader than central-government debt.

Population follows the World Bank's midyear-estimate definition. Open a card's Unrounded value for the full figure, or its series link for the history.

Colombia Economic Overview

Colombia is the fourth-largest economy in Latin America and the Caribbean, with a population of 53.4 million in 2025 and one of the region's most diversified economic bases. While historically known for coffee (the world's third-largest producer) and oil (its top export), Colombia has developed significant financial services, technology, and tourism sectors. Bogotá has emerged as a regional tech hub, and Medellín's transformation from one of the world's most dangerous cities to an innovation center is one of urban development's greatest success stories.

Colombia joined the OECD in 2020, reflecting its progress on institutional reform, economic openness, and governance improvements over the past two decades. The 2016 peace agreement with FARC guerrillas opened previously conflict-affected regions to investment and development. The country has maintained relatively prudent fiscal policy and inflation targeting, earning it investment-grade credit ratings — unusual in a region prone to macro instability.

Challenges include high inequality (Gini coefficient above 50 — among the world's highest), informal employment affecting roughly 60% of workers, and vulnerability to commodity price swings. The transition away from oil dependence is a strategic priority as global energy markets shift. GDP per capita at $10,726 in 2026 (IMF projection) reflects Colombia's upper-middle-income status with significant room for growth. The Pacific Alliance trade bloc (with Mexico, Peru, and Chile) has deepened regional integration.

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Questions about Colombia's figures

What is Colombia's nominal GDP for 2026?

Colombia's nominal GDP is $572.74B (current US dollars; reference year 2026, an IMF projection). Source: International Monetary Fund (World Economic Outlook). Rank 32 among 189 covered IMF economies for reference year 2026.

What is Colombia's real GDP growth for 2026?

Colombia's real GDP growth is 2.2% (annual percent change in real GDP; reference year 2026, an IMF projection). Source: International Monetary Fund (World Economic Outlook).

What is Colombia's population for 2025?

Colombia's population is 53.4M (people; reference year 2025). Source: World Bank (World Development Indicators). The World Bank definition describes midyear population estimates.

What is Colombia's life expectancy at birth for 2024?

Colombia's life expectancy at birth is 77.9 years (years; reference year 2024). Source: World Bank (World Development Indicators).