IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL COLOMBIA

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Bogota

2016 2017 2018 2019 2020

1,142 2019 3.281 2019 49.11 2019 323.8 2019 16,003 2019 3.3 2019 3.52 2019 10.50 2019 25.22 2019 -4.26 2019 188.8 2018 4.48 2019

51

52

Exchange Rate (per $)

54

54

58

18

Population - market size (millions)

CHALLENGES IN 2020 Meet the social demands of the least fortunate population in facing Covid-19. • Meet the social demands of the least fortunate population in facing Covid-19. • Adopt the necessary measures for the economy recovering and overcoming the propagation of the disease. • Expand and adapt the capacity of the health system with more and better infrastructure. • Lending and financial support to specific sectors, including the health sector. • Strengthen social dialogue, collective bargaining and labour relations institutions and processes.

38

Gross Domestic Product (GDP) (US$ billions)

54

GDP (PPP) per capita (US$)

16

Real GDP growth (%)

51

Consumer price inflation (%)

57

Unemployment rate (%)

17

Labor force (millions)

59

Current account balance (% of GDP)

30

Direct investment stocks inward ($bn)

National Planning Department Provided by: National Planning Department

8

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

3

30

37

37

40

42

43

46

48

54 51

54

55

55

57

58

58

59 56

61

PEER GROUPS RANKINGS THE AMERICAS (9 countries)

POPULATIONS > 20 MILLION (29 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

22

23

24

24

5

5

5

6

26

7

63

IMD WORLD COMPETITIVENESS BOOKLET 2020