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January 17, 2023
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How much Colombian households spent in 2022, according to Raddar

How much Colombian households spent in 2022, according to Raddar

Last year the colombian homes they registered an expense of $941.5 billion, 13.97% more than in 2021.

(See: Household spending entered negative territory in November).

According to the monthly report of the firm Raddarreal growth for the year was 3.4%.

2022 was once again a year where household spending was the main protagonist, growing above GDP and marking the national industry, trade and imports”, notes the analysis.

This strong dynamic of spending (measured from the national accounts by the Dane), for the third quarter of 2022 accumulates 14 quarters growing annually more than the GDP and that it will surely do so in the fourth quarter of 2022, reaching at least 15, It is to a large extent one of the engines of the current inflation…“, Explain.

(See: Colombian households spent $6.34 billion on milk and its derivatives).

The report also details the behavior of spending, particularly in December.
This is how in the last month of 2022, Colombian homes spent $32.8 billion, about $4.9 billion less than at Christmas 2021a figure that represents a drop of 12.9 percent.

(See: In December, energy prices rose again).

Although the cost data total rose throughout the year, the December figure would show a sign of a slowdown in the economymarked by the high cost of food, the greater indebtedness and the lower supply of products, among other reasons that led to a seizure of families.

According to the consultant, despite the inconveniences registered last year Both in terms of high prices and less supply of some basic products, especially food, these have reached a greater weight in the Christmas basket of Colombian households.

(See: Colombia, the fourth country in Latin America with the lowest pension age).

For example, last Christmasfood represented 41.6 percent of the spent destined for this celebration, key to trade.

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