Economic Growth Will Remain Robust In 2014


BMI View: We forecast real GDP growth in Colombia to accelerate from 4.3% in 2013 to 4.5% in 2015, driven by stronger private consumption and fixed investment. Moreover, following a weak performance in 2013, we expect exports to pick up throughout 2014, further bolstering economic growth.

Real GDP growth in Colombia came in at 5.1% year-on-year (y-o-y) in Q313, driven by a sharp uptick in gross fixed capital investment, and we expect economic activity to remain robust in 2014 as a two-year long household deleveraging comes to an end in the coming months bolstering household spending. In addition, we anticipate a recovery in exports in 2014, as the labour-strikes that disrupted key export-oriented sectors through most of 2013 have mostly been resolved. We expect real GDP growth to stabilise in the 4.0%-5.0% range in the coming quarters, and forecast the economic growth to accelerate from 4.3% in 2013 to 4.5% in 2015.

Investment And Private Consumption Will Remain Key Drivers Of Growth

Multi-Year Growth Acceleration On Track
Colombia - Real GDP Growth

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This article is tagged to:
Sector: Country Risk
Geography: Colombia