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Colombia Economy: Report and Indicators

 

The Colombian Economy has been growing at high rates during the last decade, due to the confidence and business opportunities that the investors have found in this emerging market. Nowadays, foreign investors see Colombia as an emerging destination for secure investment.

This section provides statistics on the Colombian Economy and a complete analysis of the current situation of Foreign Direct Investment in Colombia:

 

Economy: Foreign Direct Investment Report in Colombia, 2010

 

*The source of the data as of March 2010, broken down by destination sector and by country of origin, is the Central Bank Balance of Payments, which includes foreign exchange flow, profit reinvestment and capital contributions other than foreign exchange.

*Investment figures registered as of July 2010, whose source is the Central Bank, correspond to Exchange Balance, which exclusively measure foreign currency from overseas.

During 2009, Colombia showed an increase of 8.7% vis-à-vis US$2,230 million received in I Quarter 2009

 

 

FDI flow in Colombia as per balance of payments

colombia economy: FDI flow 2010


Source: Balance of Payments, Central Bank

 

According to data supplied by the Central Bank technical department, in IQ 2010, foreign direct investment (FDI) in Colombia amounted to US$2,037 million, which represents a 8,7% decrease as compared with IQ 2009 (US$2,230 million).

It is worth to highlight that in its most recent report the Central Bank adjusted the 2008 consolidated foreign investment figure from US$10,583 million to US$10,596 million.

 

Distribution and performance by sectors as per balance of payments

2009 US$ Million IQ 2009 US$ Million IQ 2010 US$ Million % Grow IQ 09 - IQ 2010
2,994
389
699
80%
2,620
573
648
13%
635
66
162
146%
721
374
12
-67%
542
536
285
-47%
349
181
57
-68%
261
52
72
37%
88
15
9
-41%
28
4
5
14%
-977
40
-26
-165%
7,260
2,230
2,037
-9%

 

 

FDI flow by main sectors % Share IQ 2010*

colombia economy: Distribution and performance by sectors

 

 

FDI Flows by country or origin as per balance of payments

COUNTRY 2009 (US$ Million) IQ 2009 (US$ Million) IQ 2010 (US$ Million) Growth IQ 09- iQ 10 (%)
United States
2,314
585
598
2%
Anguilla
646
97
200
106%
Panama
337
129
140
9%
Bermuda
287
199
76
-62%
England
386
46
51
12%
Spain
-327
312
47
-85%
Albania
0
0
24
-
Chile
54
10
21
110%
Brazil
47
4
21
486%
France
113
0
20
-
Others
-1188
-56
-359
547%
Subtotal non-oil sectors
2,669
1,326
839
-37
Reinvestment of profits
1,917
332
550
66%
Oil Sector
2,620
573
648
13%
Total
7,260
2,230
2,037
-9%

 

 

FDI Flow by countries IQ 2010 % Share*

Colombia economy: fdi flow by main sectors

* Share within sectors with net positive investment Source: Balance of Payments, Central Bank, PROCOLOMBIA calcuations

Economy: complete report presentation

 

Economy: Summary

Foreign Investment Report 2009 - PROCOLOMBIA - Presentation Transcript

  • FDI REPORT IN COLOMBIA AS PER BALANCE OF PAYMENTS AND EXCHANGE BALANCE 2010
  • FDI flow in Colombia US$ Million 2002 – Jan - Sep 2009
  • FDI FLOW IN COLOMBIA AS PER BALANCE OF PAYMENTS
  • DISTRIBUTION AND PERFORMANCE BY SECTORS AS PER BALANCE OF PAYMENTS FDI
  • FDI Flow by countries Jan – Sep 2009
  • FDI FLOWS BY COUNTRY OR ORIGIN AS PER BALANCE OF PAYMENTS TOTAL: US$ 2,740.7 MILLION COUNTRY
  • Foreign Direct Investment measured through DEB*
  • Cummulative January – February 12, 2009-2010
  • FOREIGN DIRECT INVESTMENT
  • AS PER EXCHANGE BALANCE
  • US$250.6 million, while for the same period in 2009 it amounted to US$141.4 million, representing a increase of 77%.
  • Calculation: PROCOLOMBIA Source: Central Bank, Colombia 141.4 250.6FDI AS PER WEEKLY EXCHANGE BALANCE 2009-2010FDI-DEB in third
  • other than the oil industry, hydrocarbons and mining for week 6 in 2010 amounted to US$19.4 million, US$0.6 million less than week 6 in 2009. Week
  • US$ million Week 6 corresponds to 8 – 12 January 2010, and 9 to 13 January 2009. FDI-DEB Total Week US$ million US$20.1 M US$19.4 M FDI-
  • DEB Other Sectors


Source: Published cases compiled by major national and international media
INVESTMENT CASES IN COLOMBIA

 

 

This section provides information about the Quality of Life in Colombia:

Access to First Level Education

Colombian education provides access to more than 26 schools offering the SAT test -- a key requirement for students to enter US universities. Additionally, 19 schools grant the International Baccalaureate Organization (IBO) Diploma – a standard that allows students to enter the best universities in the world.

For those interested in the French system of education, the Baccalauréat is part of the training in three Colombian schools. In third level, three Colombian universities are among the top 30 universities in Latin America.

Relaxation for all types of pleasures

  • Colombian Dining: During the past few years, Colombian dining has earned an increasing reputation. The most important Colombian chefs host their own television programs on the prestigious food network "Gourmet."
  • Luxury Shopping and Golf: The most luxurious stores can be found in exclusive Colombian shopping malls. Moreover, business people can take advantage of 45, 18 hole golf courses available for year round play. Many of these golf courses have been designed by architects including Jack Nicklaus and Mark Mahannah. This sporting experience is a perfect opportunity to explore the Colombia world while identifying investment opportunities.

If interested in obtaining more information about the Quality of Life in Colombia, we invite you to go to this section.

Download here:

Quality of Life (December 2010).pdf  386 Kb

This section provides information about Ideal Export Platform:

  • In the year 2010, Free Trade Agreements will allow Colombia greater access to preferential markets of more than 1.5 billion consumers.
  • Colombia’s 2010 Free Trade Agreements (FTA) includes 12 agreements with 48 countries, 19 Double Taxation Agreements (DTA) with 22 countries and 22 International Investment Agreements (IIA) with 48 countries.
  • Bogota is only 3:40 hours from Miami, 4:25 hours from Mexico City, 5:15 hours from Houston, 6 hours from New York, 8:30 hours from Los Angeles and 10:20 hours from Madrid.
  • The cost of marine transport is approximately 30% less than that of direct competitors.

If interested in obtaining greater data about the Ideal Export Platform, we invite you to download additional information.

More information about logistics in Colombia: Commercial Information System

Download here:

Ideal Export Platform (December 2010.pdf 3302 Kb

This section provides information about Incentives for Investors which Colombia can offer:

  • Two types of Free Trade Zones are available: Permanent FTZ and Single Enterprise FTZ.
  • 15% income tax and the possibility to selling into local markets.
  • Many other tax deductions from the Colombian government exist for investors.

If interested in obtaining greater data about Incentives for Investors, we invite you to go to this section: Investment Incentives

This section provides information about Human Resources in Colombia:

  • Multinational companies concur that Colombian managers are among the best in the region.
  • According to IMD, Colombia has the second most qualified labor available in Latin America.
  • According to the IMD, Colombia's labor regulations hinder business activities in Latin America the least.
  • According to the IMD, Colombia has the lowest Index on rigidity of employment in Latin America.
  • Additionally, compared with other developed and developing countries, Colombia’s labor force offers competitiveness in comparison to the cost of labor.

If interested in obtaining more data on Human Resources in Colombia, we invite you to go to this section.

Download here:

Human Resources (December 2010).pdf  243 Kb

Sectors

Find more information about sector opportunities.
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