Colombia Tasso di Crescita annuale del PIL

Colombia's gross domestic product expanded by 2.1% year-on-year in Q2 2024, accelerating from a 0.7% increase in Q1 2024 and marking the strongest growth since Q1 2023. This uptick was driven by a significant rebound in gross fixed capital formation (1.7% vs. -13.4% in Q1) and government spending (2% vs. -0.7%), while household consumption accelerated (1.5% vs. 0.4%). Additionally, foreign demand strengthened with exports rising at a faster pace (4.8% vs. 0.7%) and imports recovering (2.2% vs. -12.9%). On the production side, agriculture (10.2%), public defense, education, and health (4.8%), utilities (2.6%), real estate (1.9%), and finance and insurance (1.4%) contributed to growth, while declines were observed in mining (-3.3%), communications (-1.9%), and manufacturing (-1.6%). On a seasonally adjusted quarterly basis, the economy grew by a marginal 0.1%.