Publications

GDP grew by 2.2% in the first quarter of 2026, a figure similar to that reported for the fourth quarter of 2025. This growth was driven primarily by final consumption and investment in machinery and equipment.

The Colombian automotive sector experienced a strong recovery in 2025 and has further accelerated its momentum in 2026. Growth has been driven by improved household consumption, the rise of utility vehicles, and the advancement of hybrid and electric technologies.

The labor market remains solid with national unemployment at historic lows of 8.8% and employment growth of 2.7%. However, a duality persists in the 13 main cities, where unemployment rose to 9.4% and employment growth slowed to 0.8% annually.

En decisión unánime, BanRep mantuvo inalterada la tasa de interés de política monetaria en 11,25% en abril. Observan amplia incertidumbre en el entorno externo que les permite tomar una pausa para evaluar la evolución de diversos indicadores.

Inflation in March stood at 5.56% year-on-year, driven by the rebound in food prices due to the rainy season and by persistent pressures in services associated with the minimum wage. Inflation is expected to close the year at 6.5%, amid these pressures and additional climate and geopolitical risks.

The Central Bank increased the interest rate by 100 basis points to 11.25% due to persistent core inflation and high inflation expectations. The decision was divided with 4 members supporting the increase.

Colombia grew 2.6% in 2025, driven by domestic demand and remittances, but faces a growing fiscal deficit, rising inflation and weaker private investment. In a global environment shaped by geopolitical tensions and tariffs, the country needs fiscal adjustment and private investment to sustain its growth potential.