Construction is the sixth-largest economic sector in Colombia, accounting for 6.8% of the country’s GDP, 3% of total FDI inflow and 6.3% of formal employment in 2017. Over the 2012-2016 period, the construction sector emerged as one of the main driving forces of the Colombian economy, expanding its GVA at a strong CAGR of 5.4%, favoured by high government spending on transport infrastructure, the launch of social housing programmes and robust demand for modern office and logistics buildings. Nevertheless, in 2017, the sector entered into a correction, due to the overall economic slowdown, a decrease in the purchasing power of households and high borrowing costs. However, construction activity is set to pick up in 2018 in line with the acceleration of the economy, an enhanced regulatory framework, and renewed interest of investors towards large infrastructure projects in the country implemented under the 4G programme.