Colombia's Economy Grows Faster Than Expected in First Quarter

Colombia's economy grew faster than expected in the first quarter of 2026, according to government data released on Friday. The stronger-than-forecast performance comes as voters prepare to select a new president later this month. The current administration has pointed to the figures as evidence of underlying stability in the economy.

Growth exceeded projections set by economists and the government itself at the start of the year. Specific percentage rates and sector breakdowns were not detailed in the initial release.

The timing of the report coincides with the final weeks of campaigning. President Gustavo Petro’s leftist ally is among the candidates seeking to succeed him in the presidential vote scheduled for the end of May. Economic performance has emerged as a central issue in the contest.

Supporters of the current government have highlighted recent data points as signs of progress, while opponents have focused on persistent challenges including inflation and unemployment. The first-quarter expansion follows a period in which growth had slowed from levels seen in prior years.

Full-year forecasts for 2026 remain subject to revision based on second-quarter performance and global commodity prices.

Complete breakdowns of the gross domestic product report, including contributions from agriculture, manufacturing, services and mining, have not yet been published. Analysts will examine those details when released in coming weeks. The government statistical agency typically issues revised figures several months after the initial announcement.

Those revisions have occasionally altered the perceived strength of quarterly performance in the past.