2013 OECD Economic Surveys: Colombia 2013

Economic Assessment

image of OECD Economic Surveys: Colombia 2013

OECD's 2013 Economic Survey of Colombia examines recent economic developments, policies, and prospects as well as taking a more detailed look at inequality and productivity and growth.

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Executive summary

Colombia is Latin America's fourth largest economy and its short-term growth prospects remain strong by OECD and Latin American standards. Enhanced macroeconomic policy settings, the benefits of a commodity boom and better security conditions have yielded strong economic growth since the early 2000s. To ensure sustainable and inclusive growth over the medium-term, the Colombian authorities are faced with three key challenges: adjusting to the commodity boom, boosting productivity growth and reducing income inequality.

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