Colombian economy is dominated by the service sector, which contributed approximately 62.8% to the total GDP in 2016. Industrial sector contributes 30.5% of GDP, in which the manufacturing contributes 11.2% of GDP. Colombian government has a plan of investing $70 billion for 4G, to improve regional and international connecti
vity, foster regional development and promote foreign trade by reducing transport times. The plan has three key objectives includes promotion of foreign trade, fostering regional development by improving accessibility through transport networks, and the enhanced integration of the country’s territory. The new refinery Reficar is the most advanced refinery in Latin America, capable of processing the country’s heavy crudes and producing low Sulphur products. The refinery will have a significant effect on Colombia’s trade balance.
Lucintel, a leading global management consulting and market research firm, has analyzed the political, economic, social, technological, legal, and environmental factors of Colombia and has come up with a comprehensive research report, “PESTLE Analysis of Colombia 2017.” This report provides an analysis of Colombia’s economy from historical, current, and future perspectives. SWOT analysis, forecast and scenario analysis, and risk analysis of Colombia is also included in the report. The report also includes the forecast for Colombia’s economic growth through 2022.
The report highlights various drivers and challenges which have influenced investment decisions in the economy. Colombia is a politically stable country with the literacy rate of 91.4% in 2016. Colombia is currently facing challenges, like low oil prices, high unemployment rate, high fiscal deficit, low foreign reserves, and currency depreciation. Colombian economy is expected to show a gradual recovery of economic activity, with strengthening economic growth in the mid of 2017. The expansion of economic activity will rely on global recovery, stable oil prices, growth of household consumption and investment, with an increase in manufacturing exports followed by the currency appreciation.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of this report:
-
Trend and forecast for key macroeconomic variables that are useful to make major investment decision
-
Analysis on economic activity, investment environment, and trade structure of the country
-
Major industries in Colombia and its contribution to GDP
-
Trends in savings, investments, and consumptions
-
Analysis of Political, Economic, Social, Technological, Legal, and Environmental scenarios as well as their impact on different industries
-
Analysis on geographical importance and social structure such as labor quality
-
Strength, Weakness, Opportunity, and Threat (SWOT) analysis of Colombia
Table of Contents
1. Executive Summary
2. Political Analysis of Colombia
2.1: Structure and Stability of Government
2.2: Government Changes and Policy Stability
2.2.1: Policy Agenda – Reforms and Future Plans
3. Economic Analysis of Colombia
3.1: Sectoral Contribution to GDP and GDP Growth Rate
3.2: Macroeconomic Forecast and Analysis (2016-2021)
3.3: Pricing Trends- Inflation and Interest Rates
3.4: Consumption, Saving, and Investment Trends
3.5: International Trade and Its Contribution to GDP
3.6: Foreign Direct Investment by Industry
4. Economic and Business Risk Analysis of Colombia
4.1: Risk in Financial Sector
4.1.1: Risk in Current Account Balance
4.1.2: Terms of Trade of Colombia
4.2: Risk in Balance of Payment (BOP)
4.3: Risk in Foreign Exchange Reserves and Exchange Rate
4.3.1: Risk in Fiscal Balance
4.3.2: External Debt and Default Risk
4.4: Credit Rating of Countries – Credibility in the Debt Market
5. Social Analysis of Colombia
5.1: Social and Demographic Analysis
5.2: Labor Market – Quality and Availability
5.3: Social Development Index
6. R&D and Technological Factors of Colombia
6.1: R&D Expenditure in Colombia
6.2: Impact of Technology in Industry
6.3: Technology Policy
7. Legal Analysis of Colombia
7.1. Company Law
7.2: Labor Law
7.3: Tax Law
7.4: Economic Policies – Recent Developments
7.5: Doing Business in Colombia 2016– Process to Establish Business
8. Environmental Analysis of Colombia
8.1: Environmental Policy
9. SWOT Analysis – Search of Potential Opportunities in Colombia
List of Figures
Chapter 3. Economic Analysis of Colombia
Figure 3.1: Economic Scenarios of Major Countries in 2016
Figure 3.2: Trends of Real GDP Growth Rate
Figure 3.3: Scenario Analysis of GDP Forecast
Figure 3.4: Trends of Per Capita Income
Figure 3.5: GDP Sectoral Contribution
Figure 3.6: Share of Different Sectors to GDP in 2016
Figure 3.7: Trends of Inflation and Interest Rate
Figure 3.8: Quarterly Interest Rate of Colombia
Figure 3.9: Quarterly Inflation Rate of Colombia
Figure 3.10: Trend of Savings and Investments as Percentage of GDP
Figure 3.11: Trend of Consumption Expenditure as Percentage of GDP
Figure 3.12: Trends of International Trade Structure
Figure 3.13: Colombia’s Exports by Product 2011
Figure 3.14: Colombia’s Exports by Product 2016
Figure 3.15: Colombia’s Imports by Product 2011
Figure 3.16: Colombia’s Imports by Product 2016
Figure 3.17: Colombia’s Exports by Country 2011
Figure 3.18: Colombia’s Exports by Country 2016
Figure 3.19: Colombia’s Imports by Country 2011
Figure 3.20: Colombia’s Imports by Country 2016
Figure 3.21: Trends of Exports and Imports as Percentage of GDP
Figure 3.22: Foreign Direct Investment
Chapter 4. Economic and Business Risk Analysis of Colombia
Figure 4.1: Trends of Current Account Balance and Percentage to GDP
Figure 4.2: Terms of Trade for Colombia
Figure 4.3: Trends of Balance of Payment
Figure 4.4: Trends of Foreign Exchange Reserve and Exchange Rate
Figure 4.5: Trends of Government Revenue and Expenditure as Percentage of GDP
Figure 4.6: Trends of Fiscal Balance as Percentage of GDP
Figure 4.7: Trends of Debt as Percentage of GDP
Chapter 5. Social Analysis of Colombia
Figure 5.1: Geographical Location of Colombia
Figure 5.2: Trends of Population in Colombia
Figure 5.3: Population Age Structure
Figure 5.4: Trends of Unemployment Rate in Colombia
Chapter 6. R&D and Technological Factors of Colombia
Figure 6.1: Trends of R&D Expenditure in Colombia
List of Tables
Chapter 1. Executive Summary
Table 1.1: Factors Affecting Business in Colombia
Chapter 2. Political Analysis of Colombia
Table 2.1: Political Factors and Their Impact on Business
Chapter 3. Economic Analysis of Colombia
Table 3.1: Factors Affecting Industry Growth
Table 3.2: FDI Limits by Industry
Table 3.3: Economic Factors and Their Impact on Business
Chapter 4. Economic and Business Risk Analysis of Colombia
Table 4.1: Credit Rating of Countries by Moody’s, Fitch, and S&P
Table 4.2: Economic Risk Factors and Their Impact on Business
Chapter 5. Social Analysis of Colombia
Table 5.1: Corruption, GINI, Homicide, and Human Development Index
Table 5.2: Social Factors and Their Impact on Business
Chapter 6. R&D and Technological Factors of Colombia
Table 6.1: Technological Factors and Their Impact on Business
Table 6.2: Income Tax Rates of Colombia
Chapter 7. Legal Analysis of Colombia
Table 7.1: Indicators for Starting Business
Table 7.2: Ranking of Ease of Doing a Business
Table 7.3: Legal Factors and Their Impact on Business
Chapter 8. Environmental Analysis of Colombia
Table 8.1: Environmental Factors and Their Impact on Business