Current account posts US$1.573 million deficit in first quarter

Colombia's central bank reported a US$1.573 million current account deficit for the first quarter of 2026.

According to the central bank's preliminary figures, the negative balance was driven mainly by a US$2.500 million deficit in the goods and services account. Goods trade posted a US$2.905 million deficit, partly offset by a US$405 million services surplus.

The primary income deficit reached US$3.251 million due to payments of profits and interest abroad. This was partly offset by a US$4.178 million surplus in secondary income, driven by remittances.

The financial account recorded a US$954 million balance. Direct investment showed a negative balance of US$3.435 million and portfolio investment one of US$1.532 million.

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Colombian Finance Minister presenting 2026 economic projections including dollar rate at $3,801 and Brent oil at $59.2, amid charts and a skeptical press audience.
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Colombian government projects dollar at $3,801 and brent at us$59.2 for 2026

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The Ministry of Finance published the Financial Plan for 2026, projecting 2.6% GDP growth and 5.8% inflation. The document estimates an average dollar rate of $3,801 and Brent barrel at US$59.2, though analysts warn of calculation errors and lack of concrete measures for fiscal cuts. The publication was delayed by more than a month compared to previous years.

Egypt’s current account deficit narrowed by 13.6% to $9.5bn in the first half of fiscal year 2025/26, driven by a 29.6% surge in remittances to $22.1bn, Central Bank of Egypt data shows. Tourism and Suez Canal revenues also boosted the services surplus.

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Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) reported that the trade deficit widened to $4.8bn in January 2026, a 15% increase from $4.2bn in January 2025. The rise was driven by a 20.3% drop in exports to $3.6bn, while imports fell 3.2% to $8.4bn.

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Colombia's economy grew 2.2% year on year in the first quarter of 2026, according to Dane data. The main driver was state spending on consumption and public administration.

The Dane reported that Colombia's GDP rose 2.2% in the first quarter of 2026, below the 2.5% recorded a year earlier. Growth was driven mainly by public spending and household consumption, while sectors such as construction and agriculture posted declines.

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Dane reported Bogotá's GDP grew 4.6% in Q3 2025 year-on-year, surpassing Colombia's national figure of 3.6% from the same period in 2024. Growth was fueled by commerce, transport, and services sectors. Year-to-date through Q3, the capital's GDP expanded 3.9%.

 

 

 

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