In recent times Columbia has experienced real difficulty, as the government combats the Revolutionary Armed Forces of Colombia. After much effort from both sides a ceasefire was brought into place, which marks the end of the last major armed conflict in the Americas. The agreement will require a referendum subject to public approval, but many will welcome this as a historic step as the country sees the end of half a century of conflict.
The agreement comes at a time when Columbia is keen to attract overseas investors, looking for good growth. This investment would cement its status as one of Latin America’s emerging free-market, middle-income nations.
One of the most interesting statistics is the country’s GDP growth, which has seen constant gradual growth. Back in 1980 the average GDP was around £900. In 2015 that amount has reached £4,500 based on data from the World Bank. This growth is a bold contrast to that seen from neighbouring Venezuela, whose government has pursued an anti-capitalist course.
The only real economic slowdown seen in the country has been because of slumping prices for its exports of crude oil, and weaker demand from China for its other commodity exports. This is something that has been experienced globally, so is a good indicator that Colombia is still growing with other developing markets.
With Colombia attracting serious investment from technology firms such as Google, Facebook and Oracle, now seems to be the time to invest in Colombia.
