Analysis by Region - Emerging Markets - Colombia

Analysis by Region - Emerging Markets - Colombia



We increased our 2024 GDP growth forecast for Colombia by 0.8ppts to 1.9%. This upgrade is backed by an upward revision of Q1 data and a strong start to Q2. The negative effects of El Nino are waning, and it has prompted a solid rebound for primary activities. For 2025, we expect GDP to expand by 2.3% as inflation gradually slows and financial conditions loosen.


Colombia: Sturdy performance in H1 boosts the outlook
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Economic policy and politics

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