Forecast
INVESTING IN THE NEW FRONTIER:
Colombia maintains a $166 billion service market, with a large amount of opportunities for international savvy investors. As of 2Q17, the population of Colombia expand to 49,616,025. 67.2% are between 15 years old to 64 years old. In spring 2Q17, the number of Samsung wireless or cell phone owners in Colombia amounted to 70.29 million.
The Republic of Colombia has a mineral wealth consisting of gold, silver, uranium, iron, salt, platinum, petroleum including others. By 4Q17, the Republic of Colombia shipped U.S. $37.8 billion goods around the world. The IMF has forecast Colombia's Gross Domestic Product real (GDP) to expand 2.7% that has grown to $712.5 billion by 4Q17. The real GDP can grow to 3.0%. By 2020, the Colombian government estimated its transportation investment needs to be US $31.8 billion. The Colombia governments estimated investment into the ICT section came to U.S. $4.9 billion. In 2016, the GDP (purchasing power parity) was projected to be $700.6 billion.
As of April 2017, the Central Bank estimated the inflation rate to be 4.49%. In previous year of 2015, GDP was at an average growth rate of $687.2 billion. There are plans on the table to allocate capital investment up to U.S. $70 billion by the year 2035.
In 2017, Colombitrade.net™ saw the Republic of Colombia evaluation exchange rate projected at $307.5 billion. Gross national savings was 21.7%. In 4Q15, gross national savings on average was 20.3%.Household consumption was 18.2%. Investment in fixed capital grew to 24.8%, while inventories on average came to 0.2%. The financial fitness of Colombia can also be measured by its exports of goods and services which came to 14.2%. The import of goods and services came to -19.4% by the 4Q17.
The Colombian government knows it will have to expedite it's game plan to diversity its economy especially in telecommunication for the advent of Artificial Intelligence applications.
There is a sea of change that is happening in Asia and America in terms of transportation that will impact Colombia as the fourth largest oil producer oil producer and coal producer. China is now Colombia's second largest trading partner. Agriculture export from Colombia to the U.S.A. were valued at U.S. $2.38 billion by 4Q16, of which doubled from the year 2011. Cereals, and corn showed elasticity.
Within the next 24 months, there will be vehicle manufacturing companies entering the market with 50 new electronic fuel cell cars poised to usher in an array of new services. The Republic of Colombia knows the clock is ticking against the oil industry. Global warming and population is the reason behind this trend, and has everything to do with the ushering in of new fuel cell technologies.
By 2Q18, ANheuser-Bush just purchased 800 hydrogen fuel cell trucks from Nikola Motor Company in the U.S. to be delivered between 2020 and 2025. They are estimating 28 fueling stations will be built along major routes. In addition, Sysco has 50 Semis on reserve with Tesla trucks. Pepsi has 100 trucks on reserve with Tesla. Loblaw ordered 25 Semis from Tesla. Toyota's game plan is to sell 30,000 fuel cell vehicles by the year 2020. In addition, TCI Transportation reserved 50 Semis from Tesla.
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Quantifying the make-up of what constitutes middle class emerging markets in Colombitrade has broad repercussions for corporate governance, human resource planning, government relations, operations management, local economic instruments, and generally weathering through the storm to reach your targeted financial market position.