He gross domestic product (GDP) of Colombia grew 2% in the third quarter of the yeara figure below what analysts expected, but which is still a positive sign of economic progress.
“Frankly, I came to believe that the third quarter was going to have a better GDP growth performance, much more so taking into account the base effect of the similar quarter of 2023 (which was -0.6%). Grow at 2% depending on the public administration component, but above all with very low growth compared to the previous quarter. Not the best result“said the rector of the EIA University, José Manuel Restrepo.
(You can read: How much will the behavior of the Colombian GDP in 2024 affect next year?).
Although 2024 has been marked by the fall in interest rates and inflation, as well as the loss of ground of the peso against the dollar and a labor market where informality still predominates, Different experts suggest that the national economy will close the year in figures close to 2%.
Under this order of ideas, how does the national GDP stand compared to other countries?
(More: Regions aren’t making the most of royalty resources.)
Growth
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Colombia, on the OECD podium
USA (2.7%) and Chili (2.3%) were the member countries of this international organization that recorded the highest growth data in the July-September period.
(Also: ‘There is an opportunity for a social rental policy for housing’: Fedelonjas).
Just behind them appears Colombia, with 2%, managing to surpass countries like Mexico (1.5%), France (1.3%), Canada (1.2%), United Kingdom (1%) and even the entire European Union (0.9%).
However, if countries that do not belong to the OECD are added to this list, Colombia’s result will be far behind. Indonesiawith 5%, was the economy that grew the most globally in the last quarter, followed by the People’s Republic of China (4.6%), Costa Rica (3.7%) and Spain (3.4%).
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