Colombia Economy

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Chapter | The Guide from The Report: Colombia 2019

This section includes information on hotels, government offices and other listings, alongside useful tips for visitors on topics like currency, visas, language, communications, dress code, business hours and electricity.

Chapter | Economy from The Report: Colombia 2019

Colombia is poised for expansion in 2019 and 2020, despite some internal and external challenges that have not abated since 2018. Growth of the Colombian economy will be determined by which side of the scale advances further in the short term: strong consumer spending and increased investment in the construction sector due to the ongoing Fourth Generation road programme, or a deepening current...

Chapter | Country Profile from The Report: Colombia 2019

The end of the formal conflict between FARC and the government has boosted the country’s image abroad, allowing the tourism industry to fulfil its potential in areas that were previously out of bounds. Medellín, once known as the home of drug cartels, is now a focal point for innovation in Latin America. As such, it is set to become a regional leader in creative industries, an incentive...

Since the drop in commodity prices in 2014, Colombia’s economy has been recovering and is set to expand in 2019 and 2020. In May 2018 Colombia was invited to become the 37th member of the OECD, a positive development that should increase the country’s international political and economic prominence in the coming decades. However, challenges to ensuring Colombia’s continued economic progress remain.

The WEF decided to place its regional centre for the fourth industrial revolution (4IR) in Medellín, what impacts will this have on the city?

La ciudad colombiana de Medellín ha dado un paso más en su desarrollo como clúster de innovación regional, convirtiéndose en la primera ciudad del mundo hispanohablante en albergar una filial del Centro para la Cuarta Revolución Industrial.

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