In the second quarter of 2026, the country's Gross Domestic Product recorded a year-on-year variation of 2.5%, surpassing the previous quarter's rate by 0.1 percentage points. This growth was mainly driven by a significant increase in exports of goods and services, which managed to offset the acceleration in imports. The negative impact of net external demand on the year-on-year variation of GDP reduced, falling from -2.3 to -1.3 percentage points.
The contribution of domestic demand, however, showed a decline, falling from 4.6 percentage points in the first quarter to 3.8 in the second quarter. This slowdown was largely attributed to the decrease in investment in the country.
Regarding the first quarter of 2026, GDP grew 0.8% in volume, after modest growth of 0.1% in the previous quarter. The turnaround in the contribution of net external demand was a determining factor for this result, which went from -2.0 percentage points to +0.7, reflecting an acceleration in exports and a deceleration in imports.
However, the contribution of domestic demand registered a significant decrease, falling to just 0.1 percentage point, compared to 2.1 in the previous quarter, evidencing the retraction in investment. The data source is the National Statistical Institute.
