Today Colombia is one of the stablest and best-performing emerging market economies, with the second-largest population in South America (after Brazil) and the 23rd-largest in the world. Its GDP has been growing at an average rate of 4.8% over the past 10 years, and in per capita terms it has doubled over the past dozen years, from $5826 in...
The economy has largely outperformed its neighbours in Latin America in terms of GDP performance in recent years. The global economic slowdown has affected growth, yet Colombia’s economy grew by 4.6% in 2014, compared to an average of 1.4% in the region. A settlement with the country’s largest rebel group is expected to lead to a peace dividend for...
The expected signing of a formal peace agreement between the government and the country’s main rebel group, the Revolutionary Armed Forces of Colombia (Fuerzas Armadas Revolucionarias de Colombia, FARC), promises to be a key event for the Colombian tourism industry in 2016.
Medical tourism has been rising in importance in Colombia in recent years. It has been estimated that foreigners visiting the country for medical reasons spent a total of $216m in 2014, up 61% on $134m the year before. One of the incentives for inward health tourism is the relatively low cost of medical procedures, which are nevertheless...
Colombia is harmonising its fiscal legislation with international tax law, in particular the guidelines developed and applied by members of the OECD. With the exception of regional integration agreements, there are no legislative, executive or judicial international bodies which regulate financial matters between countries. The methods used to...
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