In the second quarter of 2019, the y/y growth rate of Colombian GDP stood at 3.39%, 1.10 p.p. higher than in the previous quarter. The behavior of GDP was driven by the performance of the external sector. In the labor market, the unemployment rate fell by 0.17 p.p. from the previous quarter to 10.29%, while the year-over-year growth rate of employment creation decelerated to -1,62 %. With respect to the exchange rate, the Colombian peso stood at 3,292 Colombian pesos per dollar, after an appreciation of 155 pesos per dollar. Finally, inflation reached 3.33%, increasing 0.21 p.p. from the previous quarter.
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