World Bank: Colombia Expected to Outpace Brazil and Mexico in 2026
The World Bank maintained its growth forecast for Colombia at 2.3% in 2026, down from the 2.6% recorded in 2025. However, the projection still puts Colombia’s expected growth rate ahead of Brazil and Mexico, the two largest economies in Latin America. The forecast reflects a broader regional slowdown, with consumer spending continuing to support economic […]
The World Bank has projected that Colombia's economy will outpace those of Brazil and Mexico in 2026, despite a slowdown globally. The World Bank predicts Colombia's GDP growth at 2.3% in 2026, while Brazil's growth is forecast at 2.1% and Mexico's at 1.4%. This projection comes after Colombia's growth rate slowed from 2.6% in 2025 to 2.3% in 2026.
The report attributes Colombia's growth to strong consumer spending, though this is tempered by high interest rates, fiscal constraints, and uncertainty. The World Bank's latest forecast suggests that Colombia is expected to grow faster than Argentina and Brazil, both estimated at 2.1%, and notably faster than Mexico, which is projected at 1.4%.
The institution also projects Latin America and the Caribbean's overall economic growth for 2026 at 2.2%, which it says is lower than the region's potential. Colombia's projected growth, while above the regional average, does not guarantee an increase in income levels due to persisting inflation above the Central Bank's target. The World Bank warns of potential risks, including climate risks like the intensification of El Niño, which could impact agriculture and hydroelectric power generation, thereby affecting the economy.
Written by urgent.news from Colombia One's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
