Colombia in top 5 of standout economies according to The Economist

The Economist magazine ranked Colombia fourth among 36 OECD economies with the best performance in 2025, tying with Spain. This recognition highlights the country's strong economic growth and thriving stock market. President Gustavo Petro celebrated the achievement, crediting it with attracting global investors.

Colombia's economy has earned international praise by closing the year with a strong showing in The Economist's annual report on the most notable economies of 2025 in the OECD. The country holds fourth place, tied with Spain, outperforming G7 nations like Canada, France, and Japan, amid a global backdrop of persistent inflation and worldwide growth of around 3%.

The ranking relies on five key macroeconomic indicators: inflation, inflation breadth, gross domestic product (GDP), employment, and stock market performance. Colombia excelled especially in GDP growth, reaching 3.4% year-over-year, and in narrowing inflation breadth by 6.7 points, signaling reduced price pressures across the household basket.

These figures align with recent local data from the National Government and Dane, indicating annual inflation at 5.30% in November and an unemployment rate of 8.2% in October, marking the most robust recovery since the pandemic. While the Central Bank of Colombia forecasts a more conservative 2.6% growth for 2025, The Economist's analysis emphasizes the nation's resilience to external shocks and tight monetary policies.

President Gustavo Petro responded on his X account: "The Economist recognizes us as the fourth best economy in the OECD. That's why true entrepreneurs from across the country and the world seek us out for dialogue." This ranking affirms Colombia's economic vitality in a challenging year.

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Realistic illustration of Colombia's economic growth with marketplace consumption, public spending, and signs of declining sectors for a news article.
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Colombian economy grows 2.2% in first quarter of 2026

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The Dane reported that Colombia's GDP rose 2.2% in the first quarter of 2026, below the 2.5% recorded a year earlier. Growth was driven mainly by public spending and household consumption, while sectors such as construction and agriculture posted declines.

Colombia recorded an annual inflation rate of 5.3% in February 2026, ranking second among OECD countries, behind only Turkey at 31.5%. The figure exceeds the OECD average of 3.4%.

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Colombia's economy grew 2.2% year on year in the first quarter of 2026, according to Dane data. The main driver was state spending on consumption and public administration.

Colombia ranked 41st out of 44 OECD countries in practicing physicians per 1,000 inhabitants in 2023, with 2.5 doctors per 1,000 people, according to the OECD's Health at a Glance 2025 report. This is among the lowest figures in the group, surpassed only by Turkey, Brazil, and Peru, though it marks progress from 2013.

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The Departamento Administrativo Nacional de Estadística (DANE) reported that Colombia's unemployment rate fell to 8.8% in March 2026—the lowest for any March since 2001, continuing the downward trend from 10.9% in January and 9.2% in February—with 2.34 million people unemployed (down 174,000). This marks a 0.8 percentage point drop from 9.6% in March 2025. The employed population grew by 650,000 (2.7%), while the January-March quarter rate stood at 9.6%. Neiva ranked among cities with the lowest unemployment.

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