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March 5, 2025
The Big Data Private Consumption Index registered a yoy growth of 5.2% in February, decelerating from the 9.6% expansion recorded in January. This moderation was partly driven by an unfavorable base effect, as February of this year had one fewer day compared to the same month in 2024, a leap year.
March 3, 2025
The national unemployment rate in January 2025 was 11.6%, while the seasonally adjusted rate was 9.4%, staying below 10% for the third straight month. The strong performance of the unemployment rate is due to positive labor market dynamics, with employment accelerating its growth since late 2024.
March 3, 2025
The consumer price index increased 0.19% m/m in February affected by adverse weather conditions (they negatively impacted the normal supply of some foods) and the greater demand for transportation due to carnivals. On the contrary, the decrease in electricity rates attenuated the advance of the CPI.
February 28, 2025
In 2024, deforestation in Colombia increased by 35%. Unfortunately, attention to this issue only arises when these figures are published. The problem is complex, not only due to its environmental impact but also because of its socioeconomic effects. A collective response is needed to address this phenomenon.
February 21, 2025
Colombia is advancing in artificial intelligence with the national policy CONPES 4144, which invests $479 million to boost productivity until 2030. It focuses on 6 pillars, promoting regional hubs and strengthening public-private collaboration to ensure equitable benefits, especially for SMEs and rural areas.
February 17, 2025
GDP grew 4.9% y/y in December. By productive sectors, the primary component stood out (+9.0%) due to the strong expansion of the fishing sector and the advance of the agricultural sector. On the non-primary component side, it grew 3.3%. With the December result, GDP grew 4.2% in Q4 and 3.3% in 2024.
February 17, 2025
GDP grew 1.7% in 2024, led by domestic demand (+2.2%). Private consumption (1.6%) was driven by a rebound in durable goods and services, while fixed investment (3.0%) grew due to machinery, equipment, and civil works. In 2025, growth is expected at 2.5%, with better financial conditions but fiscal and global risks.
February 14, 2025
The labor market in 2024 performed well in terms of job creation and showed an acceleration in the last three months. The average unemployment rate was 10.2% in 2024, the same as in 2023. However, in the last quarter, it dropped to 9.7% (seasonally adjusted), in line with the increase in job creation.
February 12, 2025
Formal employment began 2025 with a 0.8% increase, adding 73 thousand new positions—87.1% of which were temporary—reflecting the trend observed since last year. Despite the slowdown in job creation, real wages continue to grow above the average, supporting consumption.
February 9, 2025
Monthly inflation in January was 0.94%, exceeding analysts' expectations (0.82% projected in the Central Bank of Colombia’s survey). As a result, the annual variation remained stable for the third consecutive month at approximately 5.22%.
