Colombia

Boasting abundant natural resources, a market of over 52 million people with a growing and increasingly educated middle class, and coastlines on both the Atlantic and Pacific oceans, Colombia has become an attractive destination for foreign investment in Latin America. Further, a history of sound macroeconomic and fiscal policies has helped the country achieve financial stability and greatly reduce poverty rates. With growth concentrated in the commerce sector, manufacturing industries and agriculture, the Colombian government has also undertaken ambitious reforms to stimulate the economy and create jobs.

However, Colombia also grapples with significant challenges. Outside the metropolitan areas, the security situation related to narcotrafficking and illegal mining remains problematic. Colombia is also considered one of the most unequal countries globally. Structural unemployment, a large informal labor market and inadequate infrastructure pose additional concerns.