Colombia is the 4th largest economy in Latin America after Brazil, Mexico and Argentina. Population wise Colombia is 3rd largest in Latin America accounts to 47.66 million inhabitants in 2015. It is the only country in Latin America with two coasts (Caribbean as well as Pacific), which provides shipping advantages to the country.
Even though Colombia’s have pro-business policies, steady economic growth and stable political environment, the country have fought in the field of infrastructure development. Inadequate infrastructure is the biggest restraint for doing business in this Latin American Nation.
After taking office in 2010, President Juan Manuel Santos who got re-elected in June 2014 for the second time, have taken actions to improve transportation and increase the speed of infrastructure investments. In November 2011, a ten-year US $55 billion master infrastructure plan was proposed by the government. It aims to, improve existing railway network, build a toll highway network, multiply ports, and improvement of airports around the country.
The US$ 23.2 billion strategy pursues to renovate 8,000 kilometers of roads and construct new 3,500 km of four-lane road before the end of 2020. Port, railway, water and energy projects are also in planning and development phases.
A large market equipped with a robust policy framework, a well-developed financial market and an openness to international market for trade, etc., has helped attract investment in the country. High enrollment rates in higher education, a large population and a competitive internal market helped Colombia diversify its economy.
High unemployment rates, an inadequate transport (road and rail) infrastructure, lackluster private investment and a banking sector that needs further consolidation makes for characteristics that Colombia, as an economy, is in want of. Furthermore, weak currency reflects costly imports for the country.
What this Report Offers
This report will contain micro & macro factors that affect Colombia’s market on both Global and Regional scale. It will provide insights pertaining to specified topics and key drivers & restraints for the market particular to each mentioned sector and sub-sector. The report will identify factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
It also contains competition analysis on global & regional scale providing region specific assessments. Competitive landscape will contain profiles of multiple companies along with their strategic initiatives and market shares. Finally, it offers a comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.