LatAm Daily | Gradual adjustment in Colombia’s external deficit
Published on Tuesday, June 21, 2016
LatAm Daily | Gradual adjustment in Colombia’s external deficit
Summary
In Colombia, the current account deficit in 1Q16 was 5.6% of GDP, below 2015’s figure. In the coming quarters the trade balance should improve due to the recovery of oil prices. Also in Colombia, a gradual import substitution process is being signalled by imports (-17.0 YoY in April), with manufacturing and fuel products showing the sharpest drops.
Geographies
- Geography Tags
- Latin America
- Colombia
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Lorena Lechuga
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist