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Published on Monday, November 29, 2021

Colombia | Consumption is the protagonist

The economy is recovering strongly, as confirmed by both third quarter growth data and our real-time indicators as of the third week of November. The protagonist of this recovery is both private and public consumption.

Key points

  • Key points:
  • The economy grew by 13.2% in annual terms and by 5.7% with respect to the second quarter.
  • The protagonism of total consumption in the third quarter stands out as it grew by 20% year-on-year, with very similar figures for private consumption (20.2%) and public consumption (19.1%).
  • Investment in machinery and equipment was good, investment in housing was fair and investment in non-residential buildings and civil works was poor.
  • Private consumption continued to play a leading role in the fourth quarter in both goods and services.

Associated documents for downloading

  • Report (PDF) Articulo_Prensa_Colombia_29Nov21.pdf Spanish November 29, 2021

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