Between 2014 and 2023, the value added of water collection, treatment, and supply in Colombia steadily increased from 2.268 trillion pesos to 4.165 trillion pesos. The sector experienced varying year-on-year growth rates, peaking in 2018 with an 11.43% increase. The average Compound Annual Growth Rate (CAGR) from 2019 to 2023 was 6.7%, indicating solid growth over this period. In 2023, the value added stood at 4.165 trillion pesos, marking a modest 5.58% year-on-year rise.
Looking ahead to 2028, the sector's growth is forecasted at a slower pace, with an average CAGR of 3.61% over the next five years. This projection leads to an anticipated increase of 19.41% from 2023 to 2028. Future trends to watch for include advancements in water management technologies, increasing government investments, and potential impacts of climate change on water resources.
