Colombia PESTLE Insights – A Macroeconomic Outlook Report
Mining, manufacturing and utilities contributed 22.1% to gross value added (GVA) in 2022, followed by financial intermediation, real estate and business activities (21.9%) and wholesale, retail and hotels (13.7%), according to GlobalData. In nominal terms, the three sectors are forecast to grow by 6.2%, 7.8% and 6.6%, respectively, in 2023.
Bogota, Cali and Medellin are among the best performing cities of Colombia. These areas contributed 33.2% of GDP and comprised 33.6% of Colombia’s population in 2022.
Scope
In 2023, the Colombian government will spend $3.3 billion on infrastructure. About 70% of the sector's funding has already been allocated to the portfolio of fourth- and fifth-generation road projects.
Key Highlights
The overall COLCAP Index exhibited a decreasing trend over last year. As of April 26, 2023, the index stood at 1197.7, compared to 1,575.4 on April 26, 2022.
Reasons to Buy
Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Key Players
Table of Contents
List of Tables
List of Figures
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