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2019 OECD Economic Surveys: Colombia 2019

image of OECD Economic Surveys: Colombia 2019

Colombia has made good economic and social progress over the last two decades. Macroeconomic policies are solid and have sustained growth and smooth adjustments to shocks over the years. Maintaining and strengthening the policy framework is key to sustainable macroeconomic policies and setting the basis for higher productivity and inclusiveness. Putting Colombia on a path to stronger and more inclusive growth, and reducing dependence on natural resources, requires boosting productivity by adopting structural reforms in competition, regulations, trade policy, infrastructure, innovation, and skills. Reducing informality and boosting job-quality would extend the benefits of growth to all Colombians, underpinning economic and political support for reform.

SPECIAL FEATURES: BOOSTING EXPORTS AND INTEGRATION INTO THE WORLD ECONOMY; FOSTERING HIGH-QUALITY JOBS FOR ALL

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Basic statistics of Colombia, 2018

(Numbers in parentheses refer to the OECD average)*

This Survey was prepared for the Committee by Alberto González Pandiella and Paula Garda under the supervision of Piritta Sorsa. Statistical research assistance was provided by Marnix Dek and editorial assistance by Carolina González. The Survey also benefited from contributions from Andrew Chapman, Julien Gourdon, and Daniela Rodríguez in Chapter 1 and Veerle Miranda as a co-author in Chapter 2.The Survey was discussed at a meeting of the Economic and Development Review Committee (EDRC) on 29 November 2018 and is published on the responsibility of the Secretary-General of the OECD.

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