Colombia Industry Reports

Colombia’s ICT sector is of great importance to the country in terms of GDP, employment and investment. In 2019, the information and communications sector’s gross value added increased by 1.7% y/y in real terms, reaching COP 24 ...

Colombia's oil and gas sector is of great importance to the country, both in terms of foreign trade and investment, accounting for 40% of exports and 19% of all foreign direct investment in the country in 2019. Despite the liberalisation ...

Colombia is one of the leading economies in Latin America in terms of GDP and is also one of the more stable countries in the region in terms of its economic policies and regulatory environment. The mining sector represents 1.6% of the ...

Construction is the sixth largest economic sector in Colombia, accounting for 6.3% of the country’s GDP, 5.8% of total FDI inflow and 7.2% of formal employment in 2019. However, due to its stagnation in the last three years ...

In 2019, Colombia consolidated its positions as the second-largest motorcycle producer in Latin America, after Brazil, and the fourth-biggest manufacturer of four-wheel vehicles in the region. During the year, the domestic vehicle sales ...

Colombia is the fourth largest economy in Latin America in terms of nominal GDP, and the third largest in the region by population, with 50.4mn people as of December 2019. During 2014-2019, the wholesale, retail and repair sector performed well, with ...

The food and beverage industry is one of the largest sectors in the Colombian economy. Between 2014 and 2019, the sector’s GVA rose at a CAGR of 2.03%, boosted by growing domestic demand and higher household incomes. The best-performing segment ...

During each year of the 2008-2019 period, written premiums in Colombia’s insurance sector grew faster than the country’s GDP. As a result, penetration levels have grown continually, reaching 2.84% at end-2019. Despite the positive ...

Colombia was the fourth-largest pharmaceutical market in Latin America in terms of sales volume in 2018, with a large and growing population, a universal but underfunded social security health insurance system, and a small but rapidly developing ...