Colombia Industry Reports

Colombia was the fifth largest pharmaceutical market in Latin America in terms of sales value in 2021, due to its large and growing population. The country has a near-universal social security health insurance system, which has experienced chronic ...

Brazil is the largest pharmaceutical market in Latin America, with retail drug sales of USD 33.1bn in 2022. Brazil's pharmaceutical and healthcare sector faced several challenges during the COVID-19 pandemic, including shortages of drugs and active ...

The food and beverages sector in Colombia has shown resilience, not only at the production level by recovering from the COVID-19 pandemic, but also at the consumption level, as despite higher prices Colombians have increased their consumption of milk ...

According to the July 2023 Electricity Market Report by the International Energy Agency (IEA), electric power consumption increased by 2.3% y/y across the world during 2022, slightly below the annual average of 2.4% observed during the pre-pandemic ...

The oil and gas sector in Colombia is of great significance for the country, accounting for 4.8% of its GDP and nearly 30% of its exports value in 2022, according to data from Colombia's statistics office (DANE). After two years of troubled ...

Amidst a backdrop of pandemic-induced challenges, Colombia's real estate and construction sector demonstrated resilience and growth during 2019 to 2022 but is now facing challenges in Q2 2023. GVA has decreased by 3.7% y/y compared to the same period ...

The Colombian automotive industry is characterised by dissimilar levels of development at the segment level. Motorcycles are the main product of the Colombian automotive sector as the country kept its position as the second largest motorcycle ...

The COVID-19 pandemic boosted the adoption of digital financial services, a shift that was particularly remarkable in Latin America. According to the Global Findex Database published by the World Bank, in 2017, Latin America lagged behind the global ...