Colombia | BBVA GDP Tracker - 11 Jan 2022

Summary

Economic growth ended 2021 with outstanding dynamics. We estimate that last year's GDP grew 10.0%, driven by final consumption. A moderation in activity is expected for 2022, which is already beginning to be seen in the most recent data, especially in those related to investment.

Key points

• Key points:
• According to our BBVA GDP Tracker indicator, in the fourth quarter of 2021 the economy should have grown between 7.7% and 9.7% annually, a range that contains our estimate of 9.1%.
• We maintain our growth estimate of 10.0% for the full year 2021.
• Economic growth will decelerate in the first quarter of the year.
• In the rolling quarter between November 2021 and February 2022, economic growth was between 5.8% and 7.8%, with a estimate of 6.1%.

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