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Published on Thursday, March 17, 2022

Big Data techniques used

Colombia | Big Data Consumption Tracker. 17 mar, 2022.

In this report, in addition to general consumer trends, the main results of the VAT-free Day on March 11 are presented. The slowdown in household spending that had been occurring was temporarily interrupted by the momentum of VAT-Free Day, which was especially important for online purchases.

Key points

  • Key points:
  • The slowdown in consumption continues, despite the temporary boost from the "VAT-Free Day".
  • On VAT-Free Day, sales of appliances and department store activity were boosted.
  • Drugstore sales fell as Covid figures declined, while airline purchases were boosted by recent promotions.
  • Bogota leads consumer dynamics in 2022.

Documents and files

Presentation (PDF)

BBVATracker_consumoSem63-2.pdf

Spanish - March 17, 2022

Authors

Alejandro Reyes González
Alejandro Reyes González Principal economist for Colombia
BBVA Research
More information
Mauricio Hernández
Mauricio Hernández Principal economist for Colombia
BBVA Research
More information

Geographies

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