Publications

Colombia’s GDP rose 2.6% in 2025 in a domestic-demand rebound. Final consumption grew 4.2%, while investment was uneven—equipment surged but construction fell. Net exports subtracted as imports (+8.4%) outpaced exports (+1.8%).

The BBVA Research Big Data Consumption Indicator reported a (-)0.7% MoM decline in January (real, sa), extending December’s weakness, driven by lower spending on goods (-0.5% MoM).

Heavy rainfall and flooding, together with the continuation of the railway disruption between Madrid and Andalusia, led to a sharp deterioration in consumption in the affected Andalusian provinces during the first week of February.

The Big Data Private Consumption Index maintained strong growth; in January 2026 it increased by 18.3% YoY (19.3% in December and 16.7% in November).

BBVA Research’s Big Data consumption indicator shows that spending remained broadly stable during the 2025 Christmas season, with a slight increase of 0.3% compared to the same period of the previous year.

The BBVA Research Big Data Consumption Indicator posted a (-)4.1% MoM decline in December (real, sa), the sharpest contraction since the onset of the pandemic, reflecting a pullback in private spending on both goods (-2.0% MoM) and services (-7.3% MoM).

The BBVA Research Big Data Consumption Indicator reported 0.5% MoM growth in November, with lower spending on goods and services. Goods spending increased 0.4% MoM, extending the sluggish momentum observed since September, while services grew 1.0% MoM, decelerating after the strong rebound recorded in the previous month.