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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 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.
November 24, 2023
Private consumption balance between goods and services changed due to pandemic spending patterns, the subsequent recovery and the current slowdown. In addition, the new momentum of goods consumption since 2024 and the role of government spending are expected to change, again, the composition of household spending.
January 4, 2023
BBVA Research's big data consumption index for Peru (inflation-adjusted spending with cards and cash withdrawals) slowed down in December to 3.8% (November: 8.9%). In 2022 as a whole, the index registered growth of 8.4% (26.4% in 2021).
March 4, 2022
In February, BBVA Research's big data consumer index (spending with cards and cash withdrawals) increased 28.0% compared to the same month in the previous year (11.0% YoY January).
January 6, 2022
In December, spending with cards and cash withdrawals (BBVA Research's big data consumer index) increased 7.0% compared to the same month in 2019 (10.9% compared to December 2020).
November 26, 2020
Imports have been less affected by COVID-19 than expected. In the first half of the year, the adjustment shifted to goods produced within the country and, to a lesser extent, on purchases from the rest of the world. Similarly, during the recovery process, the momentum of imports is proving to be more moderate.
July 9, 2020
BBVA Research has developed a high-frequency indicator to track consumption in different countries. In Peru, this indicator shows that, after an initial significant contraction in household's purchases when confinement began, a recovery in spending is already visible with information as of July
March 8, 2016
Industrial production (IPI) fulfilled its expectatives in January, and mantained the positive interannual trend in its most relevant components. In particular, the behavior of equipment and consumption goods -both durable and non-durable- stood out.
