Wholesale Funding and Energy Portfolio Strategy
Colombian Economy
Gaining momentum
.
Services account for a rising share of Colombian
GDP compared with traditional strengths in
extractive industries
Colombia continues to build on its 10 free-trade
agreements with 42 countries that account for
38% of global GDP
Rising consumption, supported by public
spending, reflects an expanding middle class as
growth gains momentum and converges toward
the economy's underlying potential
14.1%
Finance, Insurance,
& Real Estate
6.8%
Other
6.5%
Natural Resources
2.9%
Information &
Communication
2.6%
Arts &
Entertainment
COLOMBIAN
GDP BY
INDUSTRY
(Q2 2018)
7.5%
Professional,
Scientific,
& Technical
Services
17.4%
Wholesale, Retail Trade,
Accommodation & Food
Services
12.2%
Manufacturing
8.2%
Mining and Oil
& Gas Extraction
-15.2%
6.6%
Construction
Public Administration
Top 5 Trading Partners
Contributions to Colombian GDP Growth
5
y/y % change
4
3
2
United
States
Others
29%
44%
1
0
-1
-2
-3
16
17
Real GDP
18
Other
Net Exports
Investment
Government
Consumption
Germany
China
14%
Brazil Mexico
3%
Sources: Scotiabank Economics, Haver Analytics.
4%
6%
Scotiabank®
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