Some Facts About Colombia

  • GDP variation forecast growth for 2019: 3,5%. Faster than other Latin America countries. (World Forecast is 3,7%)

  • Colombia is the 32nd largest economy in the world, 4th in Latin America

  • Currently the third most business-friendly country in Latin America, the greatest reformer in the region and the number one country for investor protection.

  • With 13 Free Trade Agreements and 23 Investment Agreements, Colombia exports to 181 countries with 9700+ exporter companies.

  • 300 municipalities are connected by a fiber-optic ring internet network

  • With almost 47.6 million inhabitants, Colombia is the 24th in the world in terms of population, and the second largest Spanish-speaking nation in the world.

  • Easy access to global markets: 850 direct international flights per week, 4900 domestic flights per week with over 32 airlines currently operating in Colombia.

  • Located in the center of 5 time zones, including the international business hubs of New York, Toronto, and Miami.

  • Sector opportunities in Oil, BPO, Equity Funds, Infrastructure, Hotel & Tourism, Logistics, Software, IT, Automotive, Cosmetics & Toiletries, Construction, Metalworking, Fashion & Confectionary, Biofules, Beef, Horticulture, Dairy.

  • According to Bloomberg, Pacific Alliance countries of Mexico, Chile, Peru and Colombia “are projected to have GDP growth in the range of 3 percent from 2017—2020, compared to 1.6 percent, on average, for G7 nations

  • The combined big data and analytics market of Brazil, Mexico and Colombia, generated revenues of USD $538 millions in 2015. It is expected to reach USD $2 billion by 2020 (Frost & Sullivan)

  • Colombian economy is forecasted to grow 3% in 2018 and 2019, above the 1.1% average for Latin America, according to OECD.

  • Reduced corporate taxation, the peace agreement currently executed, better financing conditions and new infrastructure projects will boost investment.

  • Inflation has stabilized within the 2 – 4% target and monetary policy is project to maintain neutral.

  • The medium-term goal is to reduce the deficit to 1% of GDP by 2022 in line with the fiscal rule

  • In the period 2017 to 2019, a recovery in economic growth is expected, driven by the recovery of non-oil exports and oil prices, and the 4G infrastructure program.

  • According to IMF, Colombia´s potential growth is likely to moderate to a range of 2.8 to 4.1 during 2018-2019, considering the current low oil prices.

  • Colombia is the 37th member of the OECD signaling economic stability, transparency and government discipline.

  • According to UNCTAD´s 2018 World Investment Report, Colombia is part of the 30 destinations for Foreign Direct Investments.

  • With 105 Free Trade Zones, Colombia represent opportunities for 3rd countries to take advantage of the country´s trade agreements. These agreements has access to 60 countries and more than 1.5 billion consumers in the network.

Latest Colombia Economic Indicators:

  • GDP $282 USD Billion

  • GDP Growth Rate 3.5%

  • GDP Per Capita $7,526 USD

  • Unemployment Rate 9.1%

  • Inflation Rate 3.4% in 2019 (within National Bank target)

  • Interest Rate 4.8%

  • Balance of Trade $-0.98 USD Billion

  • Stock Market 1570 points

Sources: Frost & Sullivan, IMF, Procolombia, DANE, Bloomberg, UNCTAD

Chat With Us !


A good composition writer knows how to structure their ideas. They are able to plan their thoughts and remain focused throughout the writing process. When you begin writing there are a couple of concerns to be asked. They include who the principal character is, and their location. Also, what is the purpose of the composition to inform, convince or to entertain. Also, it is important to be aware of the various parts and organize them. A standard composition in English is composed of a help essay writing heading, an introduction and body. Additionally, there is a concluding sentence.