The Republic of Colombia located in the northwestern region of South America. It is the second largest country in South American after Brazil and the fourth largest in Latin America in economic terms. Bogotá is the capital and the official language is Spanish. Official data reveal that around 46% of the population has been estimated to live below poverty line, with about 17% classified as extremely poor.
However, the recent economic growth of this country has been quite impressive. Colombia's growth rate has been among the highest in Latin American countries. One of the most discouraging facts has been the wars between the government and the cocaine warlords. For the tranquility of the foreign investors the situation has improved tremendously over the last decade. I personally have been living in Colombia for the last three years and have found the country enchanting, the people welcoming and the opportunities are all over. Here are a couple facts about Colombia that you may find to your interest and should take into consideration in your decision to invest in this country:
* In 2006, Lonely Planet ranked Colombia among the top ten tourist destinations in the world.
* The ecotourism industry has been thriving enormously in recent times, providing indirect boost to the Colombian real estate market development and international real estate investment in Colombia.
* Colombia’s peso is one of the strongest currency in South America. The Colombian peso’s 13.3 percent rally this year against the dollar is the best performance among all currencies tracked by Bloomberg.
* Colombia’s credit rating outlook was raised to positive from stable by Moody’s, citing the government’s push to cut debt and “favorable” oil and mining production expectations, according to a statement on the company’s newswire. Moody’s rates Colombian foreign debt Ba1, one level below investment grade. This doesn’t apply to Colombia’s local- currency debt, which it grades one level higher at Baa3, Moody’s said.
This country is not perfect, it is country in the making which is the opportunity for the investors. Real estate, infrastructure, oil & gas, and mining investments require smaller entry fees which allows the risk on cash-to-cash investment to be lowered and the return to be increased. This country counts with qualified employment in most of the industries which permits the investor to minimize the learning curve. Also, this country continues to make improvements towards the foreign investment and improvement of the investment security.
We invite you to contact us, with any questions on how to invest in Colombia.
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