Antioquia's economy to grow 2.8% in 2026, exceeding national average, says Medellín Chamber of Commerce

The economy of Antioquia, Colombia, is poised for robust growth, with projections indicating a 2.8% expansion in its Gross Domestic Product (GDP) for 2026. This forecast, released by the Chamber of Commerce of Medellín for Antioquia, places the department's economic performance above the projected national average of 2.5%.

The region's economic dynamism is fueled by several key factors. A significant rebound in goods exports, coupled with the attraction of foreign direct investment, are primary drivers. Additionally, the Aburrá Valley Metropolitan Area is experiencing a progressive reduction in its unemployment rate, despite prevailing macroeconomic challenges such as high interest rates and fiscal uncertainty.

Antioquia's export sector shows strong momentum. In the first half of 2026, goods exports from the department reached nearly $7.2 million, marking a substantial 47.8% increase compared to the same period in 2025. This figure represents 35.8% of Colombia's total non-mining-energy exports. Excluding gold sales, Antioquian exports still saw a positive variation of 14.2%. The leading export products include gold, bananas, plantains, coffee, and copper concentrates.

Foreign investment is also on the rise, with the Agency for Cooperation and Investment of Medellín and the Metropolitan Area (ACI) facilitating $408.5 million in foreign investment as of July 2026. This amount already surpasses the total for 2025 and is expected to create over 3,000 direct jobs, particularly in technology, life sciences, agribusiness, and commerce. Fredy Pulgarín Sierra, Vice President of Business Development and Competitiveness at the Chamber of Commerce, highlighted this investment as a sign of foreign confidence in the region, noting that traditional sectors like industry, commerce, and construction are showing positive indicators.