INSUBCONTINENT EXCLUSIVE:
10.7% expansion in the third quarter of 2024 stands out as a key factor
This growth pushed agricultural production to a record 16,991.38 billion Colombian pesos.Farmers benefited from favorable weather and lower
input costs, boosting both yields and profits
Other sectors also contributed to the overall economic uptick
Services grew by 2.9%, with retail, transportation, and hospitality seeing a 5% increase.Public services and entertainment activities rose
Even the previously struggling manufacturing and construction sectors rebounded with 1.4% growth.However, challenges remain
The mining sector declined by 7.1% in the third quarter, while manufacturing contracted slightly by 1.3%
The success of the agricultural sector demonstrates the impact of individual initiative and favorable market conditions.In short, as
Colombia navigates its economic future, maintaining this momentum across all sectors will be key to sustained prosperity.
