Colombia now ranks third behind only Brazil and Mexico for Latin America and the Caribbean.

Colombia has enjoyed three years of consecutive growth in inward FDI, according to cross-border investment monitor fDi Markets.

As a destination country, Colombia ranked third behind Brazil and Mexico in investment in Latin America and the Caribbean between January 2015 and December 2017, with 8.11% of total projects. During this period, inward FDI experienced year-on-year growth in project numbers in Colombia. A total of 309 investment projects were recorded by 249 companies, which created 58,011 jobs.

In 2015, 85 companies invested in the country and the 97 projects they recorded generated $2.67bn in capital investment. During 2016, a total of 87 investing companies recorded 101 projects and generated $2.92bn in capital investment, representing increases of 4.12% in project numbers and 9.64% capital investment respectively.

During this period, Colombia welcomed a notable surge in 2015 with job creation hitting 21,041. Despite this, job creation fell by 2.23% and 20.29% in 2016 and 2017 respectively. In stark contrast to job creation, capital investment into Colombia rose between 2015 and 2016 with a 9.64% increase. While capital investment peaked in 2016 at $2.92bn, Colombia witnessed a decrease of 0.19% in 2017 compared with the previous year. The data suggests that job creation has declined in the period and capital investment has fluctuated to a certain extent. However, project numbers have shown a year-on-year increase from 2015 onwards with an influx of 109 projects in 2017.

Comparing 2017 figures to 2015 shows that the number of companies investing in Colombia increased by 17.65%, the number of projects recorded rose by 12.37% and the amount of capital investment ascended by 9.43%. In addition, projects numbers in the period January to June 2018 (86) are close to exceeding the total number of projects recorded in 2017 (109).

This article is sourced from fDi Magazine
fDi Magazine
Credit: Jonathan Wildsmith

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