Academia Open
Vol 10 No 1 (2025): June (In Progress)
Business and Economics

Green Energy and Tourism Drive Colombia’s Economic Growth and Stability
Energi Hijau dan Pariwisata Mendorong Pertumbuhan dan Stabilitas Ekonomi Kolombia


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  • Shavqiyev Erkin*,
  • Ulugmurodov Farkhod Fakhriddinovich,
  • Ulmasov Diyorjon
Shavqiyev Erkin
Department of Digital Economy of SIES, Uzbekistan *
Ulugmurodov Farkhod Fakhriddinovich
Department of Digital Economy of SIES, Uzbekistan
Ulmasov Diyorjon
Samarkand Institute of Economics and Service, Uzbekistan

(*) Corresponding Author
Picture in here are illustration from public domain image or provided by the author, as part of their works
DOI: https://doi.org/10.21070/acopen.10.2025.10768
Published March 16, 2025
Keywords
  • Colombian economy,
  • economic transition,
  • green energy,
  • GDP fluctuations,
  • policy planning
How to Cite
Erkin, S., Fakhriddinovich, U. F., & Diyorjon, U. (2025). Green Energy and Tourism Drive Colombia’s Economic Growth and Stability. Academia Open, 10(1), 10.21070/acopen.10.2025.10768. https://doi.org/10.21070/acopen.10.2025.10768

Copyright (c) 2025 Shavqiyev Erkin, Ulugmurodov Farkhod Fakhriddinovich, Ulmasov Diyorjon

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

General Background: Colombia's economy has undergone significant transformations, influenced by global and domestic factors. Specific Background: While historically reliant on agriculture and energy resources, recent shifts emphasize services, infrastructure, and trade diversification. Knowledge Gap: Despite sustained economic growth, challenges persist in employment generation, economic equity, and macroeconomic stability. Aims: This study analyzes Colombia’s economic transition, assessing policy changes, GDP fluctuations, and structural composition to identify key drivers of economic recovery. Results: Findings indicate that economic growth prospects are strongly linked to investments in green energy and tourism expansion. Inflation reached 9.7% in 2023, negatively affecting consumer spending, while rising public debt necessitates careful fiscal management. Novelty: This research provides a comprehensive evaluation of Colombia’s evolving economic model, highlighting the role of sustainable investments and technological modernization in fostering long-term stability. Implications: The study offers critical insights for policymakers in designing strategies to enhance economic resilience through green technology investments, service sector expansion, and global market adaptation.

Highlights:

 

  1. Economic Shift – From agriculture to services and trade diversification.
  2. Key Drivers – Green energy and tourism boost economic growth.
  3. Policy Focus – Manage inflation, public debt, and macroeconomic stability.

 

Keywords: Colombian economy, economic transition, green energy, GDP fluctuations, policy planning

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