Coffee is one of Colombia's biggest exports ©Kaveh Kazemi/Getty Images
Coffee is one of Colombia's biggest exports ©Kaveh Kazemi/Getty Images

In the spotlight: Colombia

Supply Management goes globe trotting to evaluate the procurement potential of countries around the world…

POPULATION 49.04m

AREA 1,141,749 km2

THE HELICOPTER VIEW Colombia’s economy is one of the largest in Latin America. The World Bank estimates GDP will grow 3.3% by 2019, while inflation fell to 3.4% in July.

ECONOMIC OUTLOOK The country is vulnerable to commodity price fluctuations due to its dependency on mining exports, particularly petroleum and precious stones. In March, the IMF cut its 2017 forecast for economic growth to 2.3%.

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