Colombia Industry Reports

According to the International Energy Agency (IEA), demand for global electricity grew by an estimated 4.3% y/y in 2024, up from 2.5% in 2023, driven by expanded electrification globally. Most of the 2024 growth came from emerging economies, ...

In 2024, electricity generation in Latin America and the Caribbean (LAC) grew by 5.5%, primarily driven by the expansion of wind and solar photovoltaic plants, as well as an increased share of natural gas in the energy matrix. In order of ...

Colombia's GDP grew by 1.7% y/y in real terms in 2024, driven primarily by private consumption on the demand side, which increased from 0.4% in 2023 to 1.6% in 2024. This strengthening of demand has allowed for the gradual recovery of the retail ...

Latin America is home to some of the world's largest reserves of metallic minerals, including copper, iron ore and zinc. As such, the region has numerous metal processing companies and plays an important role in the global trade of metals such as ...

Latin America's role in the global automotive sector has diminished in the past ten years. In 2023, the region accounted for 7.6% of the world's production and 5.9% of global sales. Nine out of every ten vehicles manufactured in the region are made ...

Brazil's transportation sector is a fundamental pillar of the economy, supporting the country's position as a global leader in agricultural and mineral exports. In terms of the sector's structure, road transport dominates, handling 64.9% of domestic ...

The hydrocarbons sector in Colombia remains a key pillar of the national economy in terms of its exports value, gross revenues and transfers to the nation via royalties. Nonetheless, the sector faces significant challenges related to the regulatory ...

Colombia's economy is on a gradual recovery path, with real GDP growth expected to reach 2% in 2024 and 2.8% in 2025, according to BBVA Research estimations. Inflation is forecast to decline, reaching 5.2% in December 2024 and 3.8% by December 2025, ...

In H1 2024, the food and beverages sector's GVA contracted by 3.8% y/y. This was due to the reduced performance of certain segments, such as oils and fats (-11.3% y/y), dairy products (-6.3% y/y), bakery products (-8.4% y/y), sugar and panela (-7.9% ...