Colombia's Gross Domestic Product (GDP) inched upwards in the third quarter of 2024, reaching a growth rate of 0.2%. This slight increase follows a modest 0.1% growth in the second quarter of the same year. The figures were updated and released on November 18, 2024, offering a clearer view of the country's economic trajectory.
The quarter-over-quarter comparison indicates that while growth remains modest, the Colombian economy is experiencing a slight acceleration. In comparison to the previous quarter's growth of 0.1%, the latest figure suggests a gradual, positive momentum within the economy, although it remains subdued.
These figures are crucial as they capture the change in economic activity from April to September 2024, reflecting the Colombian economy's resilience amidst global economic challenges. Stakeholders and policymakers will be closely monitoring these trends to inform decisions aimed at sustaining and enhancing economic vitality.