Key Market Indicators
Colombian passenger transport expenditure is projected to hit $747 million by 2028, up from approximately $715 million in 2023. This marks an average annual growth rate of 0.7%. Despite the forecasted growth, Colombian demand for passenger transport has experienced a decline of 0.9% per year since 2013. In the global ranking for 2023, Colombia occupied the 25th spot, with Chile slightly ahead at around $715 million. Leading the ranking were France, Canada, and Italy, holding the second, third, and fourth positions respectively.
