# Finance Colombia   » Bancolombia Projects Colombian GDP to Grow by 2.5% in 2018

> Bancolombia forecasts Colombian GDP growth of 2.5% for 2018, up from an estimated 1.6% in 2017 but below the IMF's 3.0% and the World Bank's 2.9%. The bank expects gains in manufacturing, retail and mining, helped by higher commodity prices. It also projects an average exchange rate of 2,935 pesos per dollar.

- Date: 2018-02-04 · published 2018-02-04T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/66754-finance-colombia-bancolombia-projects-colombian-gdp-to-grow-by-2-5-in-2018
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Stronger Colombian growth would modestly lift domestic demand for imported feed inputs, but the forecast is a single bank's estimate with little direct effect on commodity prices.

## Sources

- financecolombia.com: https://www.financecolombia.com/bancolombia-projects-colombian-gdp-grow-2-5-2018/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.