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November 20, 2024
Tourism in Colombia hit historic highs in 2023, marked by significant growth in international visitors, revenues, and employment. A diversified offer and domestic tourism drive the sector, yet challenges in infrastructure and sustainability demand focus to unlock its full potential.
November 15, 2024
Consumption in Colombia mirrors demographic and geographic shifts. With smaller households, an aging population, and healthier choices, spending on health and fresh foods rises, while intermediate cities gain economic importance. However, low savings limit future consumption potential.
November 8, 2024
This week, BBVA Research published an analysis of private consumption in Colombia, covering topics from the impact of the pandemic to demographic trends shaping household spending. The report confirms that private consumption remains a fundamental pillar of the Colombian economy, with one of the highest GDP shares globally.
November 6, 2024
This study provides an overview of consumption patterns in Colombia, analyzing how purchasing power and demographic shifts influence household decisions. It also explores changes in the consumer basket and the impact of digital trends on Colombians' preferences.
June 6, 2022
The automobile sector offers a useful overview of many of the general trends that we are seeing in the economy. First of all, it provides a good example of the impact that society's changing preferences are having and, secondly, it demonstrates how supply-side constraints are limiting growth.
December 10, 2021
The trends that will determine consumption are: a more digital environment (consumer-banking-commerce), a heterogeneous income recovery, lower savings, more stable weekday spending, greater importance of regions and intermediate cities, and a gradual aging of the population.
August 17, 2020
The COVID-19 pandemic is turning society's finances into a mixture of two diametrically opposed worlds, much the same as the tiny Lilliput and the gigantic Brobdingnag from Jonathan Swift's dystopian world in Gulliver's Travels.
January 26, 2015
This paper aims to improve our understanding of the determinants of e-commerce and of its composition, and clarify the possible reasons conditioning its development in Spain. The internet is still not widely available in Spanish households, furthermore, just one in four people has recently bought online, whereas in the European Union (EU15) one in two has done so.
