IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL COLOMBIA

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Bogota

2017 2018 2019 2020 2021

1,142 2020 3.695 2020 50.37 2020 271.3 2020 14,468 2020 -6.9 2020 2.52 2020 15.90 2020 24.71 2020 -3.35 2020 205.9 2019 4.43 2019

52

Exchange Rate (per $)

54

54

56

58

18

Population - market size (millions)

CHALLENGES IN 2021 Support the execution of the infrastructure projects. To generate a greater amount of employment and income for the • Support the execution of the infrastructure projects. • To generate a greater amount of employment and income for the most vulnerable population.

38

Gross Domestic Product (GDP) (US$ billions)

55

GDP (PPP) per capita (US$)

49

Real GDP growth (%)

• Promote the development of the digital economy. • Carry out the vaccination plan for the population. • Strengthen public finances.

45

Consumer price inflation (%)

59

Unemployment rate (%)

17

Labor force (millions)

55

Current account balance (% of GDP)

29

Direct investment stocks inward ($bn)

National Planning Department Provided by: National Planning Department

11

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

6

30

33

36

41

44

45 44

50

52

53

55

55

57 55

58

58

61

62

63

PEER GROUPS RANKINGS THE AMERICAS (9 countries)

POPULATIONS > 20 MILLION (29 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

23

5

5

5

24

24

24

6

7

26

62

IMD WORLD COMPETITIVENESS BOOKLET 2021