Growth in Colombia’s transportation sector has traditionally been driven by the nation’s sizeable population and the various industrial centres spread over numerous large and medium-sized cities. In recent times, economic growth and trade liberalisation have added demand for international traffic, providing domestic transporters with an opportunity...
Historically, the agricultural sector has been one of the primary drivers of economic growth in Colombia. According to Proexport, a state-owned investment and exports promotion agency, in 2011 the sector accounted for 9% of GDP, 21% of export revenues and 19% of national employment. The Food and Agriculture Organisation (FAO) of the UN estimates...
The past decade has seen mobile penetration rates increase dramatically as the adoption of technology continues to gather momentum. In 2012 the telecoms sector reached a milestone as the mobile penetration rate surpassed 100%, and 2013 saw another landmark event with its first major auction for 4G spectrum. However, the sector still faces several...
Bogotá’s revolutionary bus rapid transit system (BRT), known as Transmilenio, has been copied throughout the region, significantly reducing commuting times, city traffic and carbon dioxide levels in congested cities such as Mexico City, Lima and Sao Paulo. Medellín, Colombia’s second-largest city, has gained international recognition for its...
Over the past few years, innovation has become a popular term in the formulation of Colombia’s social and economic policies. Indeed, President Juan Manuel Santos’s administration identified the science, technology and innovation (STI) sector as one of five engines of economic growth and as an important instrument to reduce poverty and generate...
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