Blog BanRep | Potential Drivers of Private Consumption
This entry analyzes the factors that influence households’ greater willingness to consume, as well as those that have contributed to increase households’ disposable income and, consequently, their purchasing power.
Publication Date:
Thursday, 18 September 2025
10:55
The Colombian economy has been increasing its growth pace over the past quarters in response to the strengthening of domestic demand, which expanded by 4.3% annually in the first half of 2025, more than double its growth in 2024 (2.0%). The rise in domestic demand has been driven by the notable recovery of household consumption, which grew at a 4.0% annual rate during the first half of the year, significantly above the 1.6% growth recorded in 2024.
