What is the GDP of Colombia?

Colombia's GDP is approximately $418.8 billion USD. The GDP growth rate is 1.6%.

What is the population of Colombia?

Colombia has a population of approximately 52.9 million people. The population growth rate is 1.1%.

What is the inflation rate in Colombia?

The inflation rate in Colombia is 6.6%.

What is the unemployment rate in Colombia?

The unemployment rate in Colombia is 8.3%.

What is the GDP per capita of Colombia?

Colombia's GDP per capita is approximately $7,919 USD.

Is Colombia a good country to invest in?

Colombia has an investment score of 50/100, classified as "Moderate" risk. Key sectors include Energy, Agriculture (Coffee), Technology. Credit rating: BB+.

How open is Colombia's economy to trade?

Colombia's trade openness (trade as % of GDP) is 37%. Exports total approximately $67.4B and imports $87.6B.

What is Colombia's government debt?

Colombia's government debt is approximately 71% of GDP. The current account balance is -1.7% of GDP.

How much foreign investment does Colombia attract?

Foreign direct investment (FDI) in Colombia is 3.3% of GDP. This indicates strong foreign investor interest.

What are the main economic sectors in Colombia?

Colombia's economy is composed of services (58% of GDP), industry (23% of GDP), and agriculture (9% of GDP).

Can I start a business in Colombia as a foreigner?

Colombia offers various options for foreign entrepreneurs. Visit our business setup guide for Colombia for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Colombia's economy growing?

Colombia's GDP growth rate is 1.6%. The economy is growing at a moderate pace.

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Colombia Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Latin America & CaribbeanUpper MiddleCapital: BogotaCOL

Moderate

BB+

Growing

418.8B USD

GDP (Nominal)

Growing at 1.6%

$7,919

GDP Per Capita

Middle income level

52.9M

Population

+1.1% annual growth

High

6.6%

Inflation

Elevated

37%of GDP

Trade Openness

Strong

3.3%of GDP

FDI Inflows

High

71%of GDP

Public Debt

High

8.3%

Unemployment

Deficit

-$20.2B

Trade Balance

Currency & Exchange Rate

Currency

$ Colombian Peso

COP

Exchange Rate (1 USD)

$3,950.00

+0.5% YoY(weakened)

5-Year Change

+5.3%

From $3,750.00

Regime & Controls

free floating

Capital controls: none

GDP

Billion USD, nominal

$418.8B

2024+52.5B

GDP Growth

Annual %

1.6%

2024+0.9%

Inflation

Consumer prices, annual %

6.6%

2024-5.1%

Population

Millions

52.9M

2024+0.6M

Economic Structure

Services58%

Industry23%

Agriculture9%

Infrastructure50/100

Internet Speed

55 Mbps

Mobile: 22 Mbps

Logistics Index

2.6 /5.0

World Bank LPI

Electricity

82%

Reliability score

Connectivity

moderate

65% internet access

Investment Score Breakdown

Economic Health (30%)52

Political Safety (25%)38

Business Climate (20%)50

Financial Strength (15%)52

Growth Potential (10%)60

Key Sectors

Energy

12% of GDP

stable

Agriculture (Coffee)

5% of GDP

stable

Technology

4% of GDP

growing

Mining

6% of GDP

stable

Should I Invest in Colombia?

HoldSetup: ComplexROI: Moderate

Colombia scores 50/100 on the NationsData Investment Index, rated "Moderate". Growth is subdued at 1.5%. Business setup takes approximately 57 days with a corporate tax rate of 35%.

Investment Score50/100

GDP Growth1.5%

Inflation6.2%

FDI/GDP3.8%

Public Debt58%

Political Stability-0.5

Corporate Tax35%

Ease of Business#67

Strengths

+100% foreign ownership allowed - no local partner required

Risks

-Moderate political risk - monitor regulatory changes closely
-Elevated inflation (6.2%) - factor into pricing strategy
-Very slow contract enforcement (1288 days) - use arbitration clauses
-High severance costs (4.3 weeks/year) - expensive to restructure

Also Consider

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Paraguay

Same region, similar income level, faster growth (4%)

Belize

Same region, similar income level, faster growth (3.5%)

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