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November 22, 2024
Colombia's GDP grew 2.0% year-on-year in Q3 2024, driven by investment in civil works and machinery, though with moderate private consumption and a decline in public consumption. Growth is projected at 2.0% for 2024, with gradual acceleration in 2025, led by investment and goods consumption.
November 20, 2024
Growth outlook remained weak, while the demand indicators point to a slower-than-desired correction. Considering tight financial conditions and the gradual moderation in domestic demand, we expect the economic growth to reach 3.2% in 2024 but downside risks are increasing on our 2.7% growth forecast for 2025.
November 19, 2024
Colombia's economy advanced in Q3 2024, with investment outpacing GDP and service exports reaching record highs. Private consumption showed a mixed dynamic, while public consumption detracted from growth. The GDP growth projection for 2024 remains at 2.0%.
November 15, 2024
Activity advanced 3.2% year-on-year in September. By productive sectors, the behavior of the non-primary component of GDP stood out, and within this, that of some services, non-primary manufacturing (greater manufacturing of capital goods), and commerce.
November 15, 2024
The new release includes significant updates mainly focused on the chronic physical risk assessment, driven by a new damage function aligned with the latest research, resulting in greater projected output losses.
November 14, 2024
Sales of goods abroad are 2.4% below the levels of two years ago. In that time, exports of services have increased by 24% and GDP has increased by 5.6%. This divergence is not normal.
November 11, 2024
In contrast to the dynamism of government expenditures and service exports observed in recent years, the poor performance of private consumption stands out, only slightly better than that of investment.
October 30, 2024
Economic activity grew strongly again in the third quarter (0.8% QoQ), driven by domestic demand. Consumption would have offset the sluggishness in investment. The contribution of net external demand was slightly negative. GDP growth was due to higher productivity, as hours worked increased by 0.2%.
