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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade contracting activities. It also includes management and leasing of land and properties, real estate brokerage, architectural and engineering services, warehousing and storage activities, and operation of car parks and garages.
Albeit challenging for all nations, the COVID-19 pandemic has been more of a driving force for the infrastructure sector in many Latin American countries than a restraining factor. In most Latin American countries, infrastructure ...
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In the Latin American context, Colombia lags in developing its road and railway infrastructure due to a prolonged period of underinvestment and relatively low participation of the private sector. But the country’s port and ...
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The COVID-19 outbreak shaped the construction industry in Latin America during 2020. The economy of the four largest markets, namely Brazil, Mexico, Argentina and Colombia, contracted significantly over the year. The construction ...
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Construction is the sixth largest economic sector in Colombia, accounting for 6.3% of the country’s GDP, 5.8% of total FDI inflow and 7.2% of formal employment in 2019. However, due to its stagnation in the last three years ...
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Construction is the sixth largest economic sector in Colombia, accounting for 6.5% of the country’s GDP, 5.9% of total FDI inflow and 6.7% of formal employment in 2018. Over the 2013-2018 period, the construction sector expanded its GVA at a ...
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Construction is the sixth-largest economic sector in Colombia, accounting for 6.8% of the country’s GDP, 3% of total FDI inflow and 6.3% of formal employment in 2017. Over the 2012-2016 period, the construction sector emerged as one of the main ...
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Construction is the fourth-largest economic sector in Colombia, accounting for 9.4% of the country’s GDP, 5% of total FDI inflow and 6.2% of formal employment in 2016. Over the period 2011-2014, the construction sector emerged as one of the ...
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In 2024, Colombia's construction sector experienced mixed fortunes. While the gross value added (GVA) of the sector grew by 1.89% y/y, slightly higher than GDP growth, the performance varied across different sub-segments. However, the year concluded ...
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