Colombia | BBVA GDP Tracker - 14 dec 2021

Summary

We estimate 7.9% to 9.6% annual GDP growth in the fourth quarter. Economic recovery continues in the fourth quarter, but a more demanding base in 2020 leads to a gradual reduction in annual growth.

Key points

• Key points:
• In November, growth should be between 4.4% and 7.6% year-on-year, thanks to the continued good pace of economic recovery.
• With these estimates, GDP growth in 2021 would be between 9.6% and 10.1% annually.
• Private consumption remains the main determinant of growth. In the last quarter, it was further boosted by the No-VAT days.
• In 2022, investment and exports will be the fastest growing sectors.

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