To what extent have socioeconomic and structural reforms raised living standards?
Colombia Economy
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Interviews & Viewpoints | President Juan Manuel Santos Calderón: Interview from The Report: Colombia 2016
This chapter contains information on hotels, government agencies and other listings, as well as useful tips for visitors on a range of topics such as visa requirements, currency and transportation, among others.
As one of the larger economies in Latin America, Colombia has a track record of above-average GDP growth, a reputation for sound macroeconomic management and market-friendly policies. In 2015 it has demonstrated resilience, absorbing a significant oil price shock – petroleum accounts for roughly half of total exports –while maintaining positive, albeit slower, growth. The economy expanded by...
Chapter | Country Profile from The Report: Colombia 2016
As peace talks between the government of Juan Manuel Santos Calderón and the leaders of the FARC continue in an effort to end 51 years of armed conflict, Colombia’s political climate could now be on the verge of significant change. Both sides agreed in September 2015 to set a deadline by which a final peace accord must be signed – March 23, 2016. If achieved, a peace accord could bolster...
Despite continuing external headwinds, in particular the significant drop in the price of oil since mid-2014, the Colombian economy remained resilient in 2015, expanding by 3.1%.
Articles & Analysis | Essential tips for visitors to Colombia from The Report: Colombia 2016
VISAS: Visitors from the US, Canada, the EU, Latin America, Japan, New Zealand and Australia do not need tourist visas to enter the country. Upon arrival, the National Security Department grants travellers a 90-day stay. Visitors are allowed a total of 180 days every 12 months for tourism purposes...