This paper studies aggregate productivity growth (APG) in Services and Industry in Colombia from 2007 to 2019 applying Petrin and Levinsohn (2012) framework, where APG is decomposed in two effects: resource reallocation and technical efficiency. Using data from National Surveys of Services and Industry, the results for both sectors combined show that APG decreased on average -0.69% over the period examined, explained because the reallocation effect (negative) dominates over the technical efficiency one. When studying each sector independently, Ser- vices present a negative APG on average of -0.96%, explained also by the negative effect of reallocation of resources, bigger in magnitude com- pared to the technical efficiency effect. In the case of Industry, APG is negative and equal to -0.11%, but in this case, the effect that dominates the explanation is the technical efficiency. This paper also estimates the Cost of Use of Capital for these sectors with a result of 16.2% on average for the period of study. Finally, this document provides a welfare interpretation of APG.