Improved Business Environment in Colombia

This section provides information about the Improved Business Environment in Colombia:

  • Historically, Colombia has been distinguished by outstanding economic stability. GDP growth remained constant over the last seventy years.
  • Colombia has managed to control inflation, and it has never experienced hyperinflation. This stability has been reinforced by the inflation rates of a single digit from 1999.
  • Colombia has never failed to fulfill its international financial obligations.
  • According to the Nominal GDP, Colombia is the 36th greatest economy in the world and 5th in Latin America and the second largest Spanish speaking population in the world.
  • According to The World Bank, Colombia: the third most “business friendly” country in Latin America and the first country in Latin America that best protects investors and its rank fifth worldwide.
  • In six years Colombian exports tripled, growing from US$ 13,129 million in 2003 to US$ 32,852 million in 2009.
  • Agencies examining the economy showed improvement in Colombia's confidence index. For 2008, S& P, one of the most prestigious risk examining agencies, gave Colombia a BB+ rating in regards to its long term foreign currency debt.
  • Foreign Direct Investment is four times greater than six years ago, growing from US$ 1,720 million in 2003 to US$ 7,201 million in 2009.  International companies including SAB Miller, Drummond, Votorantim, Phillip Morris, GE Money were among the many to invest in multimillion dollar projects in Colombia.
  • In six years international visitors in Colombia  tripled growing from 668 thousand visitors in 2003 to 1.7 million visitors in 2009. While tourism in the world fell 4% in Colombia it  increased 10.2% in 2009.

If interested in obtaining more data on Colombian Growth and Stability, we invite you to go to this section.

Download here:

An Improved Business Environment (December2010).pdf 3307 Kb

e-max.it: your social media marketing partner

Sectors

Find more information about sector opportunities.
view more Agroindustria Manufacturas Servicios

Subscribe


Invalid Input

Invalid Input

Invalid Input

Aceptar

Proexport Colombia  is the bureau in charge of tourism, foreign investment and export promotion in Colombia.

Portal Network