Colombia | Monthly update BBVA GDP Tracker. July 23, 2021

Summary

Consumption in July consolidates the good dynamics observed in the first days of the month and is 16.0% above that recorded in the same period in 2019, the highest record observed since January 2020.

Key points

• Key points:
• Spending in drugstores moderated during July while Covid-19 cases began to decline and grew 35% compared to its pre-pandemic level.
• During the mid-year holiday season, hotel and fuel expenditures reached highs in July that had not been seen since the beginning of the pandemic.
• Spending on entertainment has shown better dynamics in July, although it continues to be at lows and its recovery continues to be slower than in other sectors that have been more open.
• So far in July, fuel spending has reached highs not seen since Feb-20, standing 12.2% above its pre-pandemic level and maintaining a better dynamic outside the major cities.

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