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INVEST IN COLOMBIAMa. Jos Zambrano C

KEY FACTSCapital: BogotArea: 1,14 million sq kmPopulation: 48 million peopleCurrency: pesos Language: Spanish

NATURAL RESOCURCES

SOCIOCULTURAL FORCES

9Literacy rate, adult total (% of people ages 15 and above)

Source: World Bank Public spending on education, total (% of government expenditure)

Source: World Bank

Proportion of seats held by women in national parliaments (%)Source: World Bank Urban population (% of total)

Source: World Bank

ECONOMIC & SOCIOECONOMIC FACTORS

GDP per capitaSource: World Bank

Source: World Bank

GDP growth (annual %)Source: World Bank

Inflation, consumer prices (annual %)Source: World Bank Risk rating

Deposit interest rate (%)Source: World Bank Lending interest rate (%)

Source: World Bank Real interest rate (%)

Source: World Bank Listed domestic companies, total

Source: World Bank Business Climate

Source: World Bank TAXATION

LABOR FORCES

Source: World Bank

Unemployment, total (% of total labor force) (modeled ILO estimate)Source: World Bank Labor force participation rate, female

Source: World Bank

The size of informal sector

In 2008, 74.2 % of all Colombian labor force was considered informal, that is, not regulated or taxed by government. This left many without health or employment benefits. By 2011 Colombia still had one of the highestunemploymentrates in Latin America, according to an international labor report.To combat this, the tax reforms formulated in 2012 and introduced in January 2013 reduced the tax paid by companies for each employee (payroll tax) and replaced it with a tax on the profits they earn by making use of that labor.While unemployment and the informal economy are still large, the structural reforms appear to have grown the formal economy.POLITICAL FORCES

National development plan

INVEST IN COLOMBIA

INTERNATIONAL TRADE CONDITIONS

Merchandise trade (% of GDP)Source: World Bank FTA

Exports of goods and services (% of GDP)

Imports of goods and services (% of GDP)

Foreign direct investment, net inflows (BoP, current US$)

Source: World Bank International firms in ColombiaFREE TRADE ZONES

Agreements to avoid double taxation