Colombia Industry Reports

Between 2010 and 2019, written insurance premiums in Colombia grew at an average yearly rate of 6.1% in real terms, nearly doubling the country’s GDP average increase of 3.7% per year in the same period. As a result, penetration ...

The year 2020 was particularly harsh for the global economy following the outbreak of the Coronavirus pandemic. The Colombian economy experienced its first recession since 1999, with GDP contracting by 6.8 y/y. The banking sector was no ...

The COVID-19 outbreak shaped the construction industry in Latin America during 2020. The economy of the four largest markets, namely Brazil, Mexico, Argentina and Colombia, contracted significantly over the year. The construction ...

Latin America is a resourceful region and has tremendous opportunities within its mining sector. From recently emerged stars in mineral commodities, such as lithium, to traditional segments like gold, copper, iron ore and coal, the ...

In 2019, Colombia’s agriculture, livestock, forestry, hunting and fisheries sector accounted for 6.7% of the country’s GDP. Between 2014 and 2019, the sector’s GVA rose at a CAGR of 3.3% in real terms. This ...

Latin America was among the hardest-hit regions by the COVID-19 pandemic. The novel coronavirus entered the region at a bad time. The commodities boom at end of the 2000s combined with several local crises afterwards have hurt badly the public ...

Colombia was the fourth-largest pharmaceutical market in Latin America in terms of sales volume in 2019, with a large and growing population, a universal but underfunded social security health insurance system, and a small but rapidly ...

Colombia’s tourism sector plays an increasingly important role in the national economy, being now among the main sources of foreign revenue for the country, behind mineral and agricultural commodities exports. It also offers ...

The transportation sector in Latin America still faces the challenges of most developing countries: inadequate infrastructure; informality; lack of diversity and limited availability of intermodal services. According to the World Economic ...

As of the end of 2019, Latin America and the Caribbean accounted for 19.0% of the world’s crude oil reserves and 4.1% of natural gas reserves, turning the region into a prominent player in the global oil and natural gas industry ...