15.05.202518:07:02UTC+00Colombia GDP Grows 2.7%

In March 2025, Colombia's GDP experienced a growth of 2.7% compared to the same month of the prior year, marking an increase from the 2.3% growth observed in February and surpassing the anticipated 2.5% growth rate. This acceleration represents the most rapid annual growth rate the country has seen in the last two years. The increase was primarily driven by a 7.1% surge in agricultural output, largely attributed to record-high coffee prices, which resulted from prolonged drought conditions in Brazil and Vietnam, Colombia's primary competitors. However, the expansion was somewhat constrained by a 5% decline in the oil and mining sectors. On a seasonally adjusted basis, the economy showed a 0.8% growth from the previous quarter. Despite this robust performance, Colombia's economy remains vulnerable to external factors, notably the demand from the United States, its principal trading partner, and the secondary repercussions of the ongoing trade conflict with China.