Well-Diversified and Profitable Business
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
13.6%
Finance, Insurance,
& Real Estate
9.1%
Other
6.2%
Natural Resources
2.8%
Information &
Communication
2.4%
Arts &
Entertainment
COLOMBIAN
GDP BY
INDUSTRY
(Q3 2018)
7.0%
Professional,
Scientific,
& Technical
Services
16.9%
Wholesale, Retail Trade,
Accommodation & Food
Services
12.0%
Manufacturing
8.2%
Mining and Oil
& Gas Extraction
-14.9%
6.9%
Construction
Public Administration
Contributions to Colombian GDP Growth
5
y/y % change
4
3
2
1
0
-1
-2
Other
Net Exports
GFCF
Government
Consumption
-3
Real GDP
16
17
18
Sources: Scotiabank Economics, Haver Analytics.
Top 5 Trading Partners
United
States
Others
29%
44%
China
14%
Germany
3%
Brazil Mexico
4% 6%
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