Mining, manufacturing and utilities contributed 22.1% to gross value added (GVA) in 2022, followed by financial intermediation, real estate and business activities (21.9%) and wholesale, retail and hotels (13.7%), according to the publisher. In nominal terms, the three sectors are forecast to grow by 6.2%, 7.8% and 6.6%, respectively, in 2023.
Bogota, Cali and Medellin are among the best performing cities of Colombia. These areas contributed 33.2% of GDP and comprised 33.6% of Colombia's population in 2022.
Bogota, Cali and Medellin are among the best performing cities of Colombia. These areas contributed 33.2% of GDP and comprised 33.6% of Colombia's population in 2022.
Key Highlights
The overall COLCAP Index exhibited a decreasing trend over last year. As of April 26, 2023, the index stood at 1197.7, compared to 1,575.4 on April 26, 2022.Scope
- In 2023, the Colombian government will spend $3.3 billion on infrastructure. About 70% of the sector's funding has already been allocated to the portfolio of fourth- and fifth-generation road projects
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country's snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies' presence in these areas.
Table of Contents
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
- Exhibit 1: Colombia's performance in country risk analysis in comparison to Latin America and World average
- Exhibit 2: Performance overview (Score: 1-100)
- Exhibit 3: Broad categories and weights behind the index
- Exhibit 4: COLCAP Index (April 2022 - April 2023)
- Exhibit 5: Key sectors contribution to the economy (2018-25f)
- Exhibit 6: FDI total (2018-22) and FDI by sector (2021-22)
- Exhibit 7: FDI by country (2021-22) & quarter wise FDI by country (Q1 2022 - Q4 2022)
- Exhibit 8: Key infrastructure indicators
- Exhibit 9: Real GDP and household consumption growth rate (2018-25f)
- Exhibit 10: Real GDP growth rate comparison (2022)
- Exhibit 11: Export, import and trade balance (2018-25f)
- Exhibit 12: Current account balance (2018-25f)
- Exhibit 13: Top three commodity exports, % of total exports (2018-22)
- Exhibit 14: Mineral fuels, mineral oils and products of their distillation, % of world total exports (2021)
- Exhibit 15: Interest rates (April 2018 - April 2023)
- Exhibit 16: Exchange rate and inflation (2018-25f)
- Exhibit 17: General government deficit (2018-25f)
- Exhibit 18: General government debt (2018-25f)
- Exhibit 19: Unemployment rate (2018-25f)
- Exhibit 20: Average annual wages (2018-25f)
- Exhibit 21: Labor cost index (2018-25f)
- Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
- Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
- Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
- Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)
- Exhibit 26: Number of patents granted per million population (2021)
- Exhibit 27: High-technology exports, % of manufactured exports (2021)
- Exhibit 28: Rule of law (rankings), 2022
- Exhibit 29: Corruption perceptions index (rankings) (2022)
- Exhibit 30: Renewable energy capacity (2017-21)
- Exhibit 31: CO2 emissions (2017-21)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- UNICO
- Bancolombia
- Auteco
