Publications

The report breaks down global and local trends affecting Colombia's economy in 2025-2026. It assesses multiple sectors using macroeconomic data and key factors shaping growth, risks, and opportunities. It provides a strategic perspective for decision-making in a changing environment.

Productivity per hour worked has returned to the growth path experienced in the 2014–2018 period. Following a worrying stagnation during the two years leading up to the pandemic, this indicator got back to an annual growth rate of 1.1% between 2022 and 2024, while the same indicator stagnated in the wider EMU.

Since the end of 2019 through the first quarter of 2024, the Gross Value Added (GVA) of the services sector has increased by 6.3%, compared to 3.7% for the total economy. In addition, the number of hours worked increased by more than 2%, compared to 0.9% for all sectors.

Colombia's economy grapples with recovery challenges. Proposing an infrastructure plan to link regions, cut logistic costs, and drive housing, business hubs, and energy projects. Public-private collaboration is paramount.

The GDP grew by 0.7% YoY in the first quarter. The growth slowed down, with March being the month with the least activity among the three months. Domestic demand was the main source of the low growth. The performance of fixed investment and the manufacturing industry remains concerning.

The transition to a low-emission economy not only represents an opportunity for the transformation of the Spanish economy and society, but has become a priority on the national agenda. However, a more effective approach will be necessary to achieve the targets set.

Human economic activity generates greenhouse gas (GHG) emissions that change climate and hurt biodiversity, affecting the well-being of society and the free-market system to the most limited extent.

In the second quarter of 2023, the colombian GDP grew 0.3% YoY. Domestic demand decelerated sharply, mostly explained by investment, which implied a double-digit drop in total imports. For 2023, BBVA Research maintains the GDP growth forecast at 1.2%.