Sound macroeconomic policy has allowed Colombia to weather the drop in oil prices, while a peace deal with the FARC has the potential to boost economic growth.
Although still affected by global economic trends, Colombia’s economy has proven more resilient than many of those in the wider Latin America and Caribbean region.
Recent economic growth has in part been fuelled by an expansion of bank credit, with commercial loans accounting for more than 50% of the total.
Oil production has increased rapidly in recent years and output levels have so far been sustained despite the recent drop in global energy prices.
Growth in the construction sector has been robust in recent years, driven by a number of major public infrastructure projects.