Current Account Balance: Colombia

Analysis# Colombia Current Account Balance Colombia's current account balance stands at -2.6% of GDP in 2026, reflecting a persistent deficit that has dominated the economy since 1980. The country achieved its strongest position in 1991 with a 4% surplus, but has struggled with deficits for most of the past four decades. The 2015 low of -6.4% represents the worst performance in the data range, though recent years show meaningful improvement from that trough. The most significant turning point emerged in 2023, when the deficit contracted sharply to -2.3% after hitting -6% in 2022. This recovery continued into 2024 at -1.7%, marking the strongest performance in decades. The 2025-2026 forecast suggests modest deterioration to -2.3% and -2.6% respectively, indicating stabilization around a moderate deficit rather than a return to the severe imbalances of 2021-2022.