IMD World Competitiveness Booklet 2022

Competitiveness Country Profiles

Colombia Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Bogota

1,142 2021 3.744 2021

52

Exchange Rate (per $)

54

56

50.18 2021 17 314.3 2021 38 16,669 2021 54 10.6 2021 05 3.50 2021 41 13.70 2021 57 24.27 2021 16 -5.67 2021 57 213.3 2020 29 2.76 2020 20

57

Population - market size (millions)

58

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• Keep the growth rate of the economy up. • Control the Inflationary pressure. • Reduce violence and citizen insecurity. • Reduction of inequality and poverty. • Recover more than one million jobs.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: National Planning Department

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

5

34

38

40

46

49 44

50

50 50

56

56

56

57 55 61 58

57

60

61

PEER GROUPS RANKINGS THE AMERICAS (9 countries)

POPULATIONS > 20 MILLION (27 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

22

22

5

5

23

23

6

6

7

25

63