Lewes, DE -- (SBWIRE) -- 08/28/2017 -- As per International Monetary Fund (IMF) Colombia's real gross domestic product is expected to grow at a CAGR of 3.07% from it's 2015 level of COP 531262 billion in 2015and reach COP 56674.77 billion by 2022.

Colombia, officially the Republic of Colombia, is a country on the north western coast of South America, bordered to the northwest by Panama, to the north by the Caribbean Sea, to the east by Venezuela and Brazil, to the south by Ecuador and Peru, and to the west by the Pacific Ocean. It is a unitary, constitutional republic comprising thirty-two departments.

Colombia had estimated population of 48.203 million in the year 2016 and expected to reach 51.983 million by 2022. Colombia's unemployment rate was 7.2% of total labor force.

Colombia's real gross domestic product (GDP) was around COP 541675 billions in 2016 whereas the nominal GDP was COP 862675 billions. This resulted in GDP deflator 159.261. Per capita GDP was estimated at USD 5792.18 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 14130.18.

In 2016, Colombian government's revenue was COP 215108.302 billions whereas the expenditure was COP 244361.879 billions. This resulted Colombian government's net lending / borrowing negative at COP 29253.577 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Colombia was estimated to be negative at USD 12.541 billions for the year 2016 and is expected to decrease at a CAGR of 7.35% and reach USD 11.009 by 2022. This negative current account balance indicates the Colombia is a net borrower from the whole world.

The newly launched market research reports featuring Colombia's PESTEL analysis, SWOT analysis and Risk analysis are aimed at providing insights about Colombian economy and market.

Scope of the Colombia PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports

- These reports provide information about key macroeconomic indicators for Colombia.

- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Colombia.

- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Colombia.

- These reports provide risk analysis for Colombia.

For more information and to purchase Colombia PESTEL Analysis Market Research Report please visit: http://www.marketresearchreports.com/market-research-reports-inc/colombia-pestel-analysis-market-research-report

For more information and to purchase ColombiaSWOT Analysis Market Research Report please visit: http://www.marketresearchreports.com/market-research-reports-inc/colombia-swot-analysis-market-research-report

For more information and to purchase ColombiaRisk Analysis Market Research Report please visit: http://www.marketresearchreports.com/market-research-reports-inc/colombia-risk-analysis-market-research-report

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