Colombia 2019

The Business Year: Colombia 2019 is our seventh annual edition on the Colombian economy. After conducting over 150 interviews with key actors, executives, and policymakers, and with the support of our strategic partnership with Invest In Bogotá, we have developed a comprehensive report that details the opportunities and pitfalls of doing business in Colombia. What we saw is a country striving to overcome the difficulties that remain after concluding the hemisphere's longest armed conflict, and to take its place as a regional leader.

Sneak peek at what's inside:

TBY Analytics reviewed all of the interviews conducted for The Business Year: Colombia 2019 and examines trends and sentiment among the country's business leaders.

Technology innovation and tourism are influencing investment in the infrastructure and construction sectors. We asked our interviewees about the kinds of construction investments they are making.

  • 57% said 4G Building Technologies
  • 29% said Tourism Infrastructure Projects
  • 14% said Building Information Modeling


As the Colombian financial system becomes more complex, companies are stepping in to offer new insurance products to consumers and businesses.

We talked to a wide variety of business leaders on insurance, including:

  • Luiz Francisco Campos, President, Liberty Seguros PRESIDENT, LIBERTY SEGUROS
  • Manuel Arévalo, President, COFACE PRESIDENT, COFACE
  • Juan Manuel Merchán, General Manager, SEGUREXPO GENERAL MANAGER, SEGUREXPO
  • Adolfo Urdaneta, CEO, Gallagher
  • José Luis Plana, President & CEO, AON
  • Carlos Quiñones, Former CEO, HOWDEN

"What was the immediate effect? That two of the main ratings agencies ratified the credit rating of the country at investment grade. These were the first steps we considered necessary to improve confidence and accelerate the recovery of the Colombian economy, which had been growing discretely."
- Iván Duque, President of Colombia