The Eastern Antioquia subregion has positioned itself as a national benchmark in business competitiveness, leading the country in mercantile registry renewals with a 2.60% increase. This remarkable achievement highlights the region’s economic resilience and the entrepreneurial spirit of its business community.
During the first quarter of 2024, Eastern Antioquia‘s business dynamism was evident in the 2.60% growth in mercantile registry renewals, outpacing both national (-4.78%) and departmental (-1.61%) trends. This growth stands as a testament to the creativity and perseverance of merchants and entrepreneurs across the subregion’s 23 municipalities.
The region’s economic momentum is further underscored by the impressive 7.65% growth in new business creation, surpassing both national and departmental trends. These positive figures not only reflect the vibrancy of the business sector but also the positive impact of the programs and services offered by the Eastern Antioquia Chamber of Commerce. The Chamber actively supports local merchants and entrepreneurs through training and development initiatives, fostering a business environment conducive to growth and innovation.
The three sectors that experienced the most significant growth during the first quarter of 2024 were:
- Wholesale and Retail Trade: This sector exhibited robust growth, reflecting strong consumer demand and a thriving retail landscape.
- Accommodation and Food Services: The hospitality industry demonstrated resilience, capitalizing on increased tourism and leisure activities.
- Manufacturing Industries: The manufacturing sector showcased its adaptability, navigating global economic challenges and emerging as a key driver of regional growth.