Colombia is located in the northernmost part of South America. It has a population of roughly 51 million inhabitants, with 7 million living in the capital Bogota. The main language is Spanish.
Colombia has a democratic and centralized government. It is divided politically into departments, districts and municipalities. The President of the Republic is the chief of State and is elected for a 4 year term. The Congress is divided into 2 chambers, the Senate and House of Representatives. There is an independent judiciary which administers the courts.
Colombia has the fourth largest economy in Latin America and has increased its Gross Domestic Product ( every year for the past 10 years During the third trimester of 2021 the GDP increased by 13 2 in relation to the previous trimester. For 2022 the Organization for Economic Cooperation and Development ( estimated a growth in the Colombian economy of 8.1%.
The Colombian, Peruvian and Chilean stock exchanges are part of an Integrated Latin American Market This is the largest market based on number of companies in Latin America and the second largest based on market capitalization It is possible to purchase and sell the stocks listed in the three stock exchanges through a local stockbroker in each of the member countries
In 2016 a peace treaty was signed between the guerrilla group FARC and the Colombian government, which is in the process of being implemented The end of the armed conflict with the FARC will help open up previously off limits areas of the country to exploration and development this process has been underway for several years already as security conditions have been improving, but the peace deal with the largest guerrilla group will accelerate this trend The sectors that stand to benefit the most are agriculture, tourism, and mining.
