Colombia

Overview

Colombia connects the Andes, the Caribbean and the Pacific, with an economy spanning services, manufacturing, agriculture and extractive industries. Coffee and flowers are prominent agricultural exports, while oil and coal have an important role in external trade.

Bogotá and Medellín are centres of business and technology activity, and the country's biodiversity supports a distinctive tourism offer. Better transport connections, greater productivity and more formal employment remain important to spreading growth beyond the main cities.

On the rise

Digital services, tourism and higher-value agricultural exports offer Colombia opportunities to diversify — alongside the challenge of reducing reliance on extractive exports and narrowing regional inequalities.