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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 15, 2024
Most indicators show an improvement in economic activity in Valencia during the week of November 5 to 11, although both the growth rates and, more importantly, the levels remain below what would have been observed without the DANA, particularly in the hardest-hit municipalities, where significant impacts are still evident.
November 13, 2024
The Big Data Consumption Index accelerated in October, in a context of pension fund withdrawals that culminated in that month and a strong labor market. Meanwhile, the Big Data Investment Index (private and public) continued to decline in the same period.
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.
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.
October 25, 2024
This study examines how inflation in 2021 affected wealth inequality in Spain through three channels: the traditional wealth channel, the income channel, and the relative consumption channel. The wealth and income channels had significantly larger effects than the consumption channel.
October 24, 2024
This Observatory evaluates the factors explaining the cyclical behavior of GDP and private consumption in Spain up to Q2 2024. It analyzes the supply and demand factors behind the GDP per working-age person (PET) gap of -1.3 pp from its trend level and the weaker performance of consumption compared to pre-pandemic levels.
October 11, 2024
Domestic demand is driving Colombia's economic recovery, with GDP projected to grow by 2.0% in 2024 and up to 3.5% by 2026. Investment and consumption, particularly in durable goods, will fuel growth, while inflation and interest rates continue to decline.
