Colombia economic performance assessment

The report draws on a variety of international data sources and uses international benchmarking against reference group averages, comparator countries, and statistical norms to identify major constraints, trends, and opportunities for strengthening growth and reducing poverty in Colombia. Ideally, comparators are better performers in the same income group, but no such comparators exist for Colombia. Instead, Chile and Mexico -- both upper-middle countries in the Latin American and Caribbean region according to the World Bank"s standard classification -- are used as comparators and as economies to which Colombia may aspire. We also compare Colombia"s performance to median values of lower-middle income (LMI) countries and lower-middle income countries in Latin America (LMI-LAC). (Author abstract)