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Colombia's Economy Grows 1.7% Amid Mixed Sector Performance

2/18/2025

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Summary

Story summary

Colombia's economy experienced a modest growth of 1.7% in 2024, slightly below expectations. The vibrant agriculture and arts sectors surged by 8.1%, while oil and mining faced a setback with a 5.2% decline. In the final quarter, a 2.3% year-on-year GDP increase was fueled by rising household consumption and robust investment.

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Story summary

Colombia's economy experienced a modest growth of 1.7% in 2024, slightly below expectations. The vibrant agriculture and arts sectors surged by 8.1%, while oil and mining faced a setback with a 5.2% decline. In the final quarter, a 2.3% year-on-year GDP increase was fueled by rising household consumption and robust investment.