Colombia Economic Snapshot

Economic Forecast Summary (November 2019)

Economic growth is projected to remain robust in the coming two years, despite external headwinds. Investment will be a key driver of growth, aided by tax reforms and ambitious infrastructure projects. Low interest rates will support consumption, while unemployment will start falling. High inequality and informality will remain major policy challenges. 

Reform Priorities - July 2019

Broadening access to quality education is essential for boosting productivity and reducing large income inequalities. A comprehensive strategy to fight informality, which has fallen but remains very high, is required to boost productivity and inclusiveness. 


24 October 2019 - Economic Survey of Colombia

Colombia has made good economic and social progress over the last two decades. Sound macroeconomic policies boosted confidence, which together with favourable demographics and external conditions underpinned resilient economic growth. This has contributed to higher living standards, and, together with improving access to education and social transfers, brought significant social improvements. Poverty has fallen markedly in recent years, while progress in reducing inequality has been more muted. On 25 May 2018, Colombia was invited to become a member of the OECD.

Executive Summary