economy
Colombian economy fails to regain pre-pandemic path and shows lower expansion capacity
Colombian economy will face great challenges in 2026 economic growth. Photo: Image generated with artificial intelligence.
TL;DR
- Colombian economy shows structural fragility despite positive growth and employment figures.
- Economic growth is driven by consumption and services, not investment-related sectors like manufacturing and construction.
- The ISE (Economic Monitoring Indicator) has shown a slowdown in secondary and primary activities.
- Tertiary activities such as public administration, entertainment, trade, and transport are the main contributors to growth.
- Household consumption is a key driver, supported by a significant minimum wage increase and labor income.
- Construction and investment sectors are losing momentum, with a notable contraction in residential construction.
- Job creation is concentrated in tertiary activities, but labor productivity has fallen.
- Colombia has recovered pre-pandemic activity levels but not its long-term growth path, indicating a lower expansion trajectory.