Services Sector Contribution to GDP in Colombia (1990-2022)

Colombia’s services sector rose steadily from 48.3% in 1990, peaking at 59.9% in 2020. The growth reflects the country’s economic shift from traditional industries to more services-based output, including finance, telecommunications, and tourism. The early 2000s marked a dip to 54.9% in 2003, amid global economic challenges, but the sector rebounded as Colombia’s economy stabilized. Between 2015 and 2019, the sector consistently contributed above 56%, with the COVID-19 pandemic further emphasizing its role, peaking in 2020. By 2022, the contribution dipped to 54.6%, suggesting adjustments post-pandemic as other sectors regained traction.