“Doing business in Chile & Colombia” Colombia Market overview B&CCC – UKTI London, October 28 th 2013.

“Doing business in Chile & Colombia”Colombia Market overview

B&CCC – UKTI London, October 28th 2013

Source: WEO October 2012.

Growth PerspectivesReal annual growth of GDP(%)

World Developed Countries Emerging Asia Latin America

Colombia’s overview

The oldest democracy in Latin America.

47 million people. 55% under 30 years old.

7 metropolitan areas with over 1.000.000 people.

Colombia is the third friendliest country to do business in Latin America and the biggest reformer in the region, according to the World Bank.

96% of companies in Colombia are SME. (58% in commerce, 30% services and 12.5% industry).

Colombia is one of the fastest growing economies in the next five years.

Colombia – a growing economy

Source: “Diamonds in the rough: Unearthing opportunity in an uncertain world” . The Economist March 2013.

Why?- Respect for private and intellectual property.

- Natural resource boom- Advance in national security and peace process

- FTAs with almost 50 countries (including the US)

- Rapid FDI growth

GDP Growth, Inflation and unemployment Rate. 2002 – 2016p %

p: Projected. e: EstimatedSource: DANE- Colombia Central Bank - EIU: Economist Intelligence Unit. 2013.

Inflation

Unemployment

Macroeconomic stability and strong economic performance in the long run

GDP