In Colombia, the industrial sector's share of GDP showed varied patterns, starting at 31.5% in 1990. A dip to 26.4% by 1998 reflected economic restructuring and a stronger focus on oil and mining sectors, which boosted services over traditional manufacturing. Industrial contribution rebounded through the early 2000s, reaching a peak of 33.4% by 2012, driven by growth in construction and extractive industries. However, from 2015 onwards, the sector faced declines, hitting 23.7% in 2020 amid global oil price drops and the COVID-19 pandemic, which impacted both demand and production capacities. Recovery efforts in 2021 and 2022 lifted the sector to 26.9%, supported by increased manufacturing output and infrastructure development, signaling Colombia’s renewed focus on industrial diversification within its broader economic framework.
For a broader context, visit other statistics on Colombia’s annual GDP growth rate, Colombia’s manufacturing share in GDP, Colombia’s population numbers.
