Colombia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (H2 2026)

Summary

The Colombian Congress approved the national budget for 2026 totaling COP546.9 trillion ($124.2 billion), reflecting a 7% increase compared to COP511 trillion ($116 billion) allocated under the 2025 Budget. Moreover, in June 2026, the government announced a recovery and reconstruction program named “Plan de Recuperación Temprana” in Córdoba following flooding caused by a cold front, with the National Unit for Disaster Risk Management (UNGRD) working with municipal authorities to identify priority investments in road infrastructure, housing, sanitation, disaster-risk management and productive recovery. Under the program, authorities are preparing integrated actions to rebuild and improve damaged homes, upgrade basic sanitation systems, strengthen flood-risk protection and restore transport infrastructure and agricultural livelihoods.

Over the remaining part of the forecast period, the construction industry is expected to record an annual average growth rate of 4.4% between 2027 and 2030, supported by investments in transport and energy projects, coupled with government’s plan to reduce greenhouse gas emissions by 2030 and reach carbon neutrality by 2050. The government also plans to invest COP181.1 trillion ($41.1 billion) in 20 energy infrastructure projects by 2035. In terms of transport infrastructure development, in July 2026, the government revealed that it is advancing a major railway infrastructure pipeline that could leave more than 1,500km of rail corridors under development, with 12 projects covering the recovery, modernization, construction and expansion of the country’s railway network.

The analyst’s Construction in Colombia - Key Trends and Opportunities to 2030 (H2 2026) report provides detailed market analysis, information, and insights into Colombia's construction industry, including:

Colombia's construction industry's growth prospects by market, project type and construction activity
Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Colombia's construction industry
Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Colombia. It provides:

Historical (2021-2025) and forecast (2026-2030) valuations of the construction industry in Colombia, featuring details of key growth drivers.
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using the analyst's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

1 Executive Summary2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

Outlook
Latest news and developments
Construction Projects Momentum Index

4.2 Commercial Construction

Outlook
Project analytics
Latest news and developments

4.3 Industrial Construction

Outlook
Project analytics
Latest news and developments

4.4 Infrastructure Construction

Outlook
Project analytics
Latest news and developments

4.5 Energy and Utilities Construction

Outlook
Project analytics
Latest news and developments

4.6 Institutional Construction

Outlook
Project analytics
Latest news and developments

4.7 Residential Construction

Outlook
Project analytics
Latest news and developments

5 Key Industry Participants

5.1 Contractors
5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology

List of Tables

Table 1: Construction Industry Key Data
Table 2: Colombia, Key Economic Indicators
Table 3: Colombia, Commercial Construction Output by Project Type (Real % Change), 2021-30
Table 4: Colombia, Top Commercial Construction Projects by Value
Table 5: Colombia, Industrial Construction Output by Project Type (Real % Change), 2021-30
Table 6: Colombia, Top Industrial Construction Projects by Value
Table 7: Colombia, Infrastructure Construction Output by Project Type (Real % Change), 2021-30
Table 8: Colombia, Top Infrastructure Construction Projects by Value
Table 9: Colombia, Energy and Utilities Construction Output by Project Type (Real % Change), 2021-30
Table 10: Colombia, Top Energy and Utilities Construction Projects by Value
Table 11: Colombia, Institutional Construction Output by Project Type (Real % Change), 2021-30
Table 12: Colombia, Top Institutional Construction Projects by Value
Table 13: Colombia, Residential Construction Output by Project Type (Real % Change), 2021-30
Table 14: Colombia, Top Residential Construction Projects by Value
Table 15: Colombia, Key Contractors
Table 16: Colombia, Key Consultants
Table 17: Colombia Construction Output Value (Real, $ Million)
Table 18: Colombia Construction Output Value (Nominal, COP Billion)
Table 19: GlobalData Construction Market Definitions
Table 20: GlobalData Construction Market Definitions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Latin America, Construction Output (Real % Change), 2024-30
Figure 2: Colombia, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 3: Colombia, Risk Summary
Figure 4: Colombia, Risk Regional Comparison
Figure 5: Colombia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 6: Colombia, Construction Output Value, by Sector (Real, $ Million), 2021-30
Figure 7: Colombia, Construction Value-add (COP Billion, 2015 Chained Prices), YoY % Change
Figure 8: Colombia, Gross Capital Formation (COP Billion, 2015 Chained Prices)
Figure 9: Colombia, Total Area Approved for Construction, In Thousand m2
Figure 10: Colombia, Building Construction Cost Index (2021=100)
Figure 11: Colombia, Number of People Employed in The Construction Industry, In Thousands
Figure 12: Colombia, Producer Price Index (PPI) for Construction Materials (2014=100)
Figure 13: Colombia, Production and Sales of Cement, In Tons
Figure 14: Colombia, Production of Ready-Mixed Concrete, In Thousand m3
Figure 15: Colombia, Construction Projects Momentum Index
Figure 16: Latin America, Construction Projects Momentum Index
Figure 17: Colombia, Commercial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 18: Colombia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 19: Colombia, Retail Sales Index, In Real Prices (2019=100)
Figure 20: Colombia, Non-Resident Visitor Arrivals, In Thousands
Figure 21: Colombia, Value-add of Wholesale and Retail and Repair of Motor Vehicles and Motorcycles, Transportation and Storage, and Accommodation and Food Services Activities (2015 Chained Prices, COP Billion)
Figure 22: Colombia, Value-add of Artistic, Entertainment and Recreation, and Other Service Activities (COP Billion, 2015 Chained Prices)
Figure 23: Colombia, Industrial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 24: Colombia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Colombia, Manufacturing Value-add (COP Billion, 2015 Chained Volume Measures)
Figure 26: Colombia, Industrial and Manufacturing Production Indices (2018=100)
Figure 27: Colombia, Total Exports ($ Million)
Figure 28: Colombia, Infrastructure Construction Output by Project Type (Real, $ Million), 2021-30
Figure 29: Colombia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Colombia, Value-add of Civil Engineering Works (COP Billion, 2015 Chained Prices)
Figure 31: Colombia, Civil works Production Index (Q1 2021=100)
Figure 32: Colombia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021-30
Figure 33: Colombia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Colombia, Value-add of Supply of Electricity, Gas, Steam and Air Conditioning and Water Distribution, Wastewater Evacuation and Treatment and Waste Management and Environmental Sanitation Activities, (COP Billion, 2015 Chained Volume Measures)
Figure 35: Colombia, Information and Communication Value-Add (COP Billion, 2015 Chained Volume Measures)
Figure 36: Colombia, Institutional Construction Output by Project Type (Real, $ Million), 2021-30
Figure 37: Colombia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 38: Colombia, Value-Add of Education, Human Healthcare and Social Service Activities, (COP Billion, 2015 Chained Volume Measures)
Figure 39: Colombia, Value-add of Public Administration and Defense and Compulsory Social Security Plans (COP Billion, 2015 Chained Prices)
Figure 40: Colombia, Residential Construction Output by Project Type (Real, $ Million), 2021-30
Figure 41: Colombia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 42: Colombia, Real Estate Value-add, (COP Billion, 2015 Chained Volume Measures)
Figure 43: Colombia, Total Area Approved for Housing, In Thousand m2
Figure 44: Colombia, Total Balance of Mortgage Portfolio, In Current Prices, In COP Billion, % Change YoY
Figure 45: Colombia, New Housing Price Index (IPVN), Q4 2020=100, % Change YoY
Figure 46: Colombia, Disbursement for Home Purchase, In COP Billion, Constant Prices
Figure 47: Colombia, Residential Building Construction Index (2021=100)
Figure 48: Colombia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 49: Colombia, Headquarters of Key Consultants (% of Total Project Pipeline)

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