Huila Ranks as the Second Department with the Highest Economic Growth

The Huila department has emerged as the second-highest in economic growth in Colombia, according to the latest report from the National Administrative Department of Statistics (DANE). In 2024, Huila’s economy grew by 3.02% in terms of GDP, nearly double the national average of 1.6%. This remarkable performance places Huila just behind Arauca, which recorded a 3.68% growth.\n\nThe primary drivers of Huila’s economy include Public Administration (22.15%), Agriculture (19.60%), Commerce (18.54%), Real Estate Activities (6.15%), and Construction (6.09%). The agricultural sector saw a significant boost, growing by 9.6%, followed by arts, entertainment, and recreation at 8.5%. Construction also rebounded with a 4.6% recovery. However, challenges remain in mining and quarrying (-6.6%) and manufacturing industries.\n\nThe commerce sector showed notable improvement, reversing a previous decline of -2.4% to achieve equilibrium at 0.0 and a representative increase of 2.4%. These results reflect collective efforts, commitment, and vision from local leadership, producers, entrepreneurs, and workers.\n\nThe Huila government celebrates these achievements as a testament to regional progress, crediting initiatives supporting entrepreneurship, formalization, innovation, and tourism promotion. The positive economic performance has also contributed to reduced unemployment and multidimensional poverty in the region. While acknowledging the progress, there is recognition of the need for continued efforts to ensure sustainable growth and improved quality of life.\n— new from lanacion.com.co

Leave a Reply

Your email address will not be published. Required fields are marked *