Earthquake hit Colombians' wallets hard: consumption fell 8.9% after the strong earthquake on August 10

On August 10, a powerful 7.4 magnitude earthquake struck Colombia, resulting in widespread devastation with 329 reported fatalities, 4,592 injuries, 234 missing persons, and over 324,000 individuals affected by the emergency.

Beyond the immediate humanitarian crisis, the disaster has severely impacted the national economy. Financial consequences are already manifesting significantly, highlighted by an 8.9 percent drop in household consumption as the country struggles to cope with the aftermath of the severe tremor.