The composition of Colombia's GDP is diversified across several key sectors as of 2024. The services sector remains predominant, contributing 39.59% to the GDP, reflecting its consistent growth in recent years. The mining, manufacturing, and utilities sector accounts for 22.34%, while wholesale, retail trade, restaurants, and hotels make up 13.67%. The construction sector represents 10.25%, showing a modest contribution. Agriculture, hunting, forestry, and fishing account for 7.12%, and the transport, storage, and communication sector contributes 7.03%, indicating a stable presence across these industries.
Future trends to monitor include:
- The potential impact of digital transformation on the services sector, possibly leading to accelerated growth in technology-driven services.
- Renewable energy developments may affect the mining and utilities sectors, promoting more sustainable practices.
- Infrastructure investments could boost the construction sector, enhancing its GDP contribution.
- Trade policies and tourism recovery post-pandemic may continue to influence the performance of wholesale, retail trade, and the hospitality industry.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 39.59 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 22.34 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 13.67 | 2016 | |
| 4 | 4 Construction | 10.25 | 2016 | |
| 5 | 5 Agriculture, hunting, forestry, fishing | 7.12 | 2016 | |
| 6 | 6 Transport, storage and communication | 7.03 | 2016 |
