Colombia’s recent enhanced sports competitiveness at the international level is raising the sector’s commercial prospects. The government’s commitment to the promotion of sports is particularly visible in the budget allocated to Coldeportes, the body responsible for the promotion and management of sports resources, which increased from $167m in 2013 to $178m in the 2014 budget. The private...
The possibility of a peace deal after decades of conflict promises to be a game changer for Colombia’s tourism sector. Authorities are getting ready to capitalise on this, rolling out a number of infrastructure projects and providing the sector with additional institutional support in preparation for the post-conflict influx of tourists, and efforts seem to be paying off. The sector has grown...
Colombia’s telecommunications market is going through intense growth as operators strive to enhance their offers in a growing array of services. The sector achieved revenues of $13.9bn in 2012, compared to $2.6bn in 2000, according to figures by the OECD. Much of this dynamism has come from the introduction of 4G services, for which five operators won licences in the 2013 government auction,...
The economic growth Colombia has seen over the past decade is multiplying opportunities to strengthen research and innovation, while new investment from a growing number of firms already operating in the country is helping to raise the sector’s profile. Averaging 0.18% from 2009 to 2013, investment in research and development (R&D) remains well below regional neighbour Brazil’s 1.2% and...
Despite lower international prices for some of Colombia’s key cash crops, the agriculture sector ended 2013 posting growth of 5.2%, higher than overall economic growth of 4.7%. Coffee’s 22.3% expansion made it the sector’s shining star in 2013. However, the various challenges the sector faces, in particular increased international competition as a result of a number of recent free trade...
As the significantly divergent performances of its various sub-sectors suggest, Colombian industry is at a crossroads. Some sub-sectors have sustained robust growth during the past decade and have developed export channels targeting regional markets. However, other industries have not been able to overcome the number of challenges that nearly all Colombian manufacturers must contend with, in...
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