January 18, 2017 - 9:26 AM EST
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Macroeconomic Opportunities and PESTLE Analysis of Colombia 2017 - Research and Markets

Research and Markets has announced the addition of the "Macroeconomic Opportunities and PESTLE Analysis of Colombia 2017" country profile to their offering.

Colombian economy is dominated by the service sector, which contributed approximately 62.8% to the total GDP in 2016. Industrial sector contributes 30.5% of GDP, in which the manufacturing contributes 11.2% of GDP. Colombian government has a plan of investing $70 billion for 4G, to improve regional and international connectivity, foster regional development and promote foreign trade by reducing transport times.

The plan has three key objectives includes promotion of foreign trade, fostering regional development by improving accessibility through transport networks, and the enhanced integration of the country's territory. The new refinery Reficar is the most advanced refinery in Latin America, capable of processing the country's heavy crudes and producing low Sulphur products. The refinery will have a significant effect on Colombia's trade balance.

The report highlights various drivers and challenges which have influenced investment decisions in the economy. Colombia is a politically stable country with the literacy rate of 91.4% in 2016. Colombia is currently facing challenges, like low oil prices, high unemployment rate, high fiscal deficit, low foreign reserves, and currency depreciation. Colombian economy is expected to show a gradual recovery of economic activity, with strengthening economic growth in the mid of 2017. The expansion of economic activity will rely on global recovery, stable oil prices, growth of household consumption and investment, with an increase in manufacturing exports followed by the currency appreciation.

Key Topics Covered:

1. Executive Summary

2. Political Analysis of Colombia

3. Economic Analysis of Colombia

4. Economic and Business Risk Analysis of Colombia

5. Social Analysis of Colombia

6. R&D and Technological Factors of Colombia

7. Legal Analysis of Colombia

8. Environmental Analysis of Colombia

9. SWOT Analysis - Search of Potential Opportunities in Colombia

For more information about this country profile visit http://www.researchandmarkets.com/research/k2kf89/macroeconomic.

Research and Markets
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Related Topics: Country Reports

Source: Business Wire (January 18, 2017 - 9:26 AM EST)

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