Crecimiento del PIB en Colombia impulsado por gasto público en primer trimestre

La economía colombiana creció un 2,2% anual en el primer trimestre de 2026, según datos del Dane. El impulso provino principalmente del gasto estatal en consumo y administración pública.

El consumo final de gobierno aumentó un 7,8% anual y la actividad de administración pública, defensa, educación y salud se expandió un 5,7%. Este último rubro aportó por sí solo 0,9 puntos porcentuales al crecimiento total del PIB.

El presupuesto nacional de 2025 alcanzó 498,5 billones de pesos, de los cuales 316 billones se destinaron a funcionamiento y solo 69,8 billones a inversión. La formación bruta de capital cayó un 3% anual.

Sectores como la construcción se contrajeron un 5,4%, las edificaciones residenciales un 8,6% y la producción cafetera un 30,5%. La extracción de gas natural disminuyó un 17%. Las exportaciones crecieron apenas un 3,5% y retrocedieron un 1,7% en términos trimestrales ajustados.

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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.

Dane reported Bogotá's GDP grew 4.6% in Q3 2025 year-on-year, surpassing Colombia's national figure of 3.6% from the same period in 2024. Growth was fueled by commerce, transport, and services sectors. Year-to-date through Q3, the capital's GDP expanded 3.9%.

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Brazil's Gross Domestic Product (GDP) expanded 2.3% in 2025, below the 3.4% of 2024, according to data released by the IBGE on Tuesday (3). The economy did not grow in the second half, with family consumption stagnant and productive investment declining, but government spending and exports prevented contraction. The slowdown stems from tighter monetary policy to control inflation.

Colombia's January 2026 ISE grew by 1.55%, dipping below 2% for the first time in 11 months. Andi warned that public spending remains the main driver, while productive sectors like mining and industry deteriorate. Tertiary activities led growth at 2.7%.

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An ANIF report states that the gross debt of Colombia's National Central Government ended 2025 at $1.194 trillion, or 64.4% of GDP, the highest since the 2020 pandemic. Treasury liquidity hit historic lows, with cash on hand covering just five days of obligations in February 2026.

Dane reported that Colombia's annual inflation for March 2026 reached 5.56%, up from 5.29% in February. This is the highest rate since September 2024 at 5.81%. Year-to-date inflation for the first quarter stood at 3.07%.

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In the latest update in Colombia's Monthly ISE Reports series, the Indicador de Seguimiento a la Economía (ISE) for February 2026 grew 1.65%, according to Dane—marking the second consecutive month below 2%, following January's 1.55%. Tertiary activities led with 2.55% growth, offsetting a 2.08% drop in primary sectors.

 

 

 

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