PESTLE Insights: Colombia – Macroeconomic Outlook Report

Financial intermediation, real estate and business activities contributed 22.65% to the country’s gross value added (GVA) in 2019, followed by mining, manufacturing and utilities (22.20%) and other services (19.65%). In nominal terms, the three sectors grew by 5.22%, 5.37% and 11.49%, respectively, in 2019, as per MarketLine.

Bogota, Valle Del Cauca, and Antioquia are among the best performing provinces of Colombia. They contributed 49.7% of GDP and comprised 37.63% of Colombia’s population in 2018.


– Colombia ranked 58th out of 160 nations in the World Bank's logistics performance index (LPI) in 2018

– The COLCAP index exhibited a declining trend over the last year. As of May 12, 2020, the COLCAP index stood at 1,089.29, compared to 1,550.38 on May 10, 2019.

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.

Companies mentioned




Table of Contents

Table of Contents

List of Exhibits

Did You Know?

Country Highlights

Impact of COVID-19

Country Snapshot

PESTLE Insights

Political Landscape

Economic Landscape

Social Landscape

Technological Landscape

Legal Landscape

Environmental Landscape


List of Figures

List of Figures

Exhibit 1: Colombia’s Performance in terms of its Country Risk Analysis in Comparison to Latin American Nations and the World Average

Exhibit 2: Performance Overview (Score: 1-100)

Exhibit 3: Broad Categories and Weights Behind the Index

Exhibit 4: Colombia Stock Exchange (COLCAP)

Exhibit 5: Key Sectors’ Contribution to the Economy (2015-2022f)

Exhibit 6: FDI Inflows in Colombia (2015-2018) and Greenfield Investments in Colombia (2015-2018)

Exhibit 7: Key Infrastructure Indicators

Exhibit 8: Real GDP and Household Consumption Growth Rate (2015-2022f)

Exhibit 9: Real GDP Growth Rate Comparison (2019)

Exhibit 10: Export, Import and Trade Balance (2012-2019)

Exhibit 11: Current Account Balance (2015-2022f)

Exhibit 12: Top Three Commodity Exports, % of Total Exports (2015-2018)

Exhibit 13: Mineral Fuels, Mineral Oils and Products of their Distillation, % of World Total (2018)

Exhibit 14: Interest Rates (January 2012 – January 2020)

Exhibit 15: Exchange Rate (2015-2022f)

Exhibit 16: Public Finance (2015-2022f)

Exhibit 17: General Government Debt (2015-2022f)

Exhibit 18: Employment/Unemployment (2015-2022f)

Exhibit 19: Average Annual Wages (2015-2022f)

Exhibit 20: Labor Cost Index (2015-2022f)

Exhibit 21: Rural/Urban Share of Total Population (1995, 2005, 2015, 2025)

Exhibit 22: Age-group Share of Total Population (1995, 2005, 2015, 2025)

Exhibit 23: Gender Split (1995, 2005, 2015, 2025)

Exhibit 24: Internet Users as a Percentage of the Total Population, Mobile and Broadband Penetration Rates (2019)

Exhibit 25: Number of Patents Granted Per Million People (2019)

Exhibit 26: High-technology Exports (% of Manufactured Exports) (2019)

Exhibit 27: Doing Business in Colombia 2020

Exhibit 28: Corruption Perception Index (Rankings) (2019)

Exhibit 29: CO2 Emissions (2012-2017)


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