COUNTRY PROFILE Colombia
Statistical tables Factor I: Economic Performance WORLD COMPETITIVENESS RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 1
COMPETITIVENESS TRENDS - OVERALL COLOMBIA OVERALL PERFORMANCE (63 countries) 51 51 51 CHALLENGES IN 2018 Base Base economic economic growth growth on on increasing increasing productivity. productivity. Improve the subsidy targeting scheme. Boost agribusiness and look for new sectors of potential growth. Implement post-conflict programs more quickly. Strengthen public finances. Provided National Planning by: Department, Bogota National Planning Department, Bogota 54 58 BASIC FACTS Rank Capital Land area (square km '000) Bogota 1,142 2017 Exchange Rate (per $) 2.951 2017 Population - market size (millions).29 2017 18 Gross Domestic Product (GDP) (US$ billions) 309.2 2017 38 GDP (PPP) per capita (US$) 14,485 2017 54 Real GDP growth (%) 1.8 2017 48 Consumer price inflation (%) 4.31 2017 55 Unemployment rate (%) 9.40 2017 51 Labor force (millions) 24.70 2017 18 Current account balance (% of GDP) -3.35 2017 Direct investment stocks inward ($bn) 164.2 2016 30 Direct investment flows inward (% of GDP) 4.70 2017 11 COMPETITIVENESS LANDSCAPE Economic Performance Government Efficiency Business Efficiency Infrastructure Domestic Economy International Trade International Investment Employment Prices Public Finance Tax Policy Institutional Framework Business Legislation Societal Framework Productivity & Efficiency Labor Market Finance Management Practices Attitudes and Values Basic Infrastructure Technological Infrastructure Scientific Infrastructure Health and Environment Education 31 27 55 44 43 42 57 61 61 46 57 48 58 45 PEER GROUPS RANKINGS THE AMERICAS (9 countries) POPULATIONS > 20 MILLION (29 countries) 6 5 5 5 7 24 22 22 24 26 2
COMPETITIVENESS TRENDS - FACTOR BREAKDOWN COLOMBIA ECONOMIC PERFORMANCE 40 46 46 41 51 Sub-Factor Rankings : 2017 Domestic Economy 45 International Trade 55 International Investment 35 Employment 35 Prices 10 2018 55 31 44 27 GOVERNMENT EFFICIENCY 51 53 58 Sub-Factor Rankings : 2017 Public Finance 36 Tax Policy 30 Institutional Framework 57 Business Legislation 50 Societal Framework 61 2018 43 42 57 61 BUSINESS EFFICIENCY 48 41 45 53 Sub-Factor Rankings : 2017 Productivity & Efficiency Labor Market 33 Finance 52 Management Practices 47 Attitudes and Values 54 2018 61 46 57 INFRASTRUCTURE 54 58 58 Sub-Factor Rankings : 2017 Basic Infrastructure 48 Technological Infrastructure 58 Scientific Infrastructure Health and Environment 48 Education 60 2018 48 58 45 3
WORLD COMPETITIVENESS DIGITAL RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 4
DIGITAL TRENDS - OVERALL COLOMBIA OVERALL PERFORMANCE (63 countries) Overall Alpha Alpha Factors Beta BetaLabel Gamma GammaLab Sub-Factors 1 2 2 2 2 2 2 4 4 4 2 2 6.5 4 4 2 2 8.5 4 4 2 2 10.5 4 4 2 2 57 57 45 57 Knowledge Talent Training & education Scientific concentration 60 62 57 55 Technology Regulatory framework Capital Technological framework 57 54 48 The direction of the triangle indicates the performance change from the last year: improved or stable declined Future readiness Adaptive attitudes Business agility IT integration OVERALL & FACTORS - 5 years OVERALL Knowledge Technology Future readiness 53 58 51 52 57 57 55 60 60 38 43 44 53 COMPETITIVENESS & DIGITAL RANKINGS Digital Competitiveness N.B. This graph provides only a comparison of the country s performance in the two rankings. 51 51 51 54 53 58 58 PEER GROUPS RANKINGS THE AMERICAS (9 countries) POPULATIONS > 20 MILLION (29 countries) 4 5 7 7 7 19 22 24 25 26 5
u Overall top strengths w Overall top weaknesses FACTORS BREAKDOWN - STRENGHTS AND WEAKNESSES COLOMBIA KNOWLEDGE Subfactors Talent 53 53 55 58 57 Training & education 40 42 46 45 45 Scientific concentration 52 50 57 58 57 Talent Rank Rank Rank Training & education Scientific concentration Educational assessment PISA - Math 52 Employee training 45 Total expenditure on R&D (%) 55 International experience 55 Total public expenditure on education 32 Total R&D personnel per capita 58 Foreign highly-skilled personnel 32 Higher education achievement u Female researchers 25 Management of cities 55 u Pupil-teacher ratio (tertiary education) 33 u R&D productivity by publication 20 Digital/Technological skills Graduates in Sciences 31 Scientific and technical employment - Net flow of international students 44 Women with degrees 41 w High-tech patent grants 60 TECHNOLOGY Subfactors Regulatory framework 55 57 58 62 Capital 54 53 53 55 57 Technological framework 54 52 55 55 55 Regulatory framework Rank Capital Rank Technological framework Rank Starting a business 48 IT & media stock market capitalization 48 Communications technology 57 w Enforcing contracts 63 Funding for technological development 55 Mobile Broadband subscribers 52 Immigration laws 46 Banking and financial services 57 Wireless broadband 58 Development and app. of technology 45 Investment risk 39 Internet users 51 Scientific research legislation Venture capital 54 w Internet bandwidth speed 61 Intellectual property rights 58 u Investment in Telecommunications 7 High-tech exports (%) 39 FUTURE READINESS Subfactors Adaptive attitudes 38 40 42 53 57 Business agility 35 47 47 54 54 IT integration 44 43 44 45 48 Adaptive attitudes Rank Business agility Rank IT integration Rank u E-Participation 23 w Opportunities and threats E-Government 44 Internet retailing 43 Innovative firms 39 Public-private partnerships 41 Tablet possession Agility of companies Cyber security w Smartphone possession 60 Use of big data and analytics 45 Sofware piracy 41 Attitudes toward globalization 48 Knowledge transfer 53 6
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