The nation of Colombia registered remarkable economic growth during the past decade. The country's economy is estimated to reach US $451.6 billion at the current prices by 2017, with a CAGR of 5.3%. Colombia's economic growth is primarily driven by domestic demand under the influence of increasing middle class population, in addition to growing global demand.
Lucintel, a leading global management consulting and market research firm, conducted a competitive analysis on this country and presents its findings in “Colombia Country Analysis 2012-2017: An Evaluation of Political, Social, Economic, and Business Risk.” This study provides a concise overview of the political, economic, social, technological, and business risk associated with the country.
Among the various challenges the country faces is a very high homicide rate. Drug trafficking is one of the major reasons for the high level of crime in Colombia. The high crime rate is affecting the investment climate negatively. Industries such as oil, gas, and mining all are severely impacted by the crime rate.
Colombia’s population that is over 60 years of age is expected to increase through 2017. The government is likely to face issues related to its aging population by 2017, as healthcare costs for aging population are nearly eight times higher than that of children.
Lucintel's study considers Colombia major economic drivers. The country has an advantageous position in terms of its young population. Colombia registers high national literacy rate with ample enrolment in tertiary education, which shows the quality of higher education. The government is increasingly spending more on education. One of the major attractions in the economy is its cheap labor costs. Colombia has a low level of labor costs compared to other emerging Latin American countries such as Brazil and Argentina.
The report highlights the different aspects of Colombia, including geographic location, economic performance, quarterly trends, sectoral contributions, foreign direct investment by industry, and trend of population. Other factors considered include per capita income, inflation trend, balance of payments, budget deficit, trade structure, foreign exchange reserve and exchange rates, and R&D expenditures.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. Colombia country analysis report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. Colombia country analysis market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of this report:
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Trend and forecast for key macroeconomic variables that are useful to make major investment decision.
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Analysis on economic activity, Government debt, investment environment, and trade structure of the country
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In depth political, social, economic and business risk analysis of the country that may have impact on different industries.
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Risk analysis associated with availability of labor, aging population, wage rates, industry policy, business environment, etc.
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More than 28 figures/charts and 10 tables are provided in this roughly 65-page report.
Benefits of a Lucintel Report:
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Lucintel’s core competency is in market research and management consulting. In the last 14 years, Lucintel has worked on hundreds of market research studies. Lucintel’s risk reports offer the following benefits:
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Enhance your global growth strategy with key economic and potential industry analysis
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Enhance your risk management using the report's economic, social and business risk analysis.
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Fine tune your business expansion planning with understanding of domestic demand analysis and demographics structure analysis.
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Reduce the investment risk by knowing the analysis of sovereign debt risk, exchange risk, availability of labor and risk associated with country’s policies.