Economic Forces

A person with an income above 1.5 SMLV counts with a free credit destination. Con plazos entre 12 y 60 meses.

Minimum amount of 1 million pesos.
Fixed rate throughout the life of the loan.
An others..

A person with an income above 2 SMLV. Con amplios plazos de financiación con pagos diferidos hasta de 60 meses.

Financing to short and medium term
Fast and secure loan.

No charge for credit study.
Quote and fixed term throughout the life of the loan.
Applies interests valid rate at the moment of the disbursment.

Availability of credit

Banco de Bogotá Free Credit Destination:

These free investments credits leads people willing to invest more in their events and party´s allowing the industry to have more incomes.

Bancolombia Personal Credit:

Colpatria credit for free investment:

Banco de Bogotá - Banca PYME:

Support for small and medium enterprises in the country. Through a comprehensive consultation and a continuous support; streamlining and facilitating project financing.

Bancolombia :

Allows companys to cover it´s financing for consumption and working capital in the short, medium, and long term with agility.

With deadlines and flexible capital.

The loans that banks provide to small and medium enterprises allows the industry to start new projects through financing with flexible terms. Thus contributing to the industry to be more innovative and competitive.

Level of Disposable Income

For the year 2013 el ingreso per capita en promedio de Bogotá D.C fue de $954.981 lo que indica que una familia promedio en Bogotá D.C compuesta por 4 personas, tiene un ingreso de $3.819.924 con respecto a año 2012. El ingreso per capita tuvo un aumento del 11.3% segun el DANE.

Lo que significa que el segmento de la industria esta mas delimitado ya que no toda la población Colombiana está en capacidad de inventir en la industria teniendo otros gastos que cubrir.

Propensity of people to spend

Proportion of a small change in the disposable income that would be spent on consumption instead of being saved. It is computed by dividing the change in consumption by the change in disposable income that caused it.

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Interests Rates

Inflation Rates

The impact of a rise in the cost of borrowing on production costs due to price inflation within an economy. The interest rate effect reflects the fact that most consumers and business finance managers will cut back on their borrowing activities when interest rates increase.

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Money Markets Rates

Federal Goverment Budget Deficits

consumption Patterns

Cross Domestic Product Trend

Unemployment Trends

is the number of Colombian pesos for the United States dollar (before November 27, 1991 the exchange rate of the Colombian market was given by the value of a certificate of change).

Tasa de intervención política monetaria del Banco de la República.

Tasa de intervención política monetaria vigente: 4.25%

Value Of the Dollar in world markets

Stock Market Trends

Monetary Policies

Price Fluctuations

Import / Export Factors

Calculated as:

DPI= Personal Income - Personal Income Taxes Payments

Según Capital Economics, Colombia es ahora la tercera economía más fuerte de la región latinoamericana, sólo por detrás de Brasil y México.

Revista Dinero. ECONOMÍA 2/28/2014

To regulate and seek the country´s inflation central banks impose interests rates. An important fact for the industry and the entrepeneurs in general.

Colombia - Tasa de inflación 2014

Trading economics

This inflation rates affects the cash flows of the projects of the industry, so it is important to keep it in mind when budgeting.

With inflation increases the utility and an increasing proportion is taxed, so the flows in real terms decrease.

this monetary change affects the industry at the time of negotiating or buying on the global market. So it is important to have in count the money market rates. Having this in count reduces de uncertainty and gives managers the opportunity to predict external changes in the economy.

Exchange rate of the Colombian peso

The financial shortage of the federal government's budget. It represents more money being spent than is coming in via taxes and other income.

The Gross Domestic Product (GDP) in Colombia was worth 378.15 billion US dollars in 2013. The GDP value of Colombia represents 0.61 percent of the world economy. GDP in Colombia averaged 77.64 USD Billion from 1960 until 2013, reaching an all time high of 378.15 USD Billion in 2013 and a record low of 4 USD Billion in 1960. GDP in Colombia is reported by the World Bank Group.

The dramatic decline of the U.S. dollar is aiding the American economic recovery but setting off alarm bells overseas, with corporate executives, politicians and pundits calling it among the biggest threats to the rebounds underway in Europe and Japan.

By Anthony Faiola

Washington Post Foreign Service

Thursday, October 29, 2009

This information is important because it offers to the managers the insight into market size and market share in Colombia; as well as industry trends in each specific industry.

Foreign countries economic conditions

(Colombia's global merchandise trade relationships)

this factors influence the costs in innovation, the arrival of new competitors, the acquire of merchandise, the update the company and influence how each enterprise becomes more competitive depending on the knowledge of managers about microeconomic and macroeconomic factors.

Income differences by regions and consumers groups

Tax Rates

En el año 2013 cuatro grupos se ubican por encima del promedio nacional (1,94%): Salud (4,44%), Educación (4,37%), Comunicaciones (2,75%) y Vivienda (2,74%). El resto de los grupos de gastos se ubicaron por debajo del promedio: Diversión (1,84%), Transporte (1,39%), Otros gastos (1,02%), Vestuario (0,94%) y Alimentos (0,86%).

La Junta Directiva del Banco de la República (JDBR) determina la política monetaria con el objetivo de mantener la tasa de inflación alrededor de su meta de largo plazo de 3% (con un margen admisible de desviación de +/- 1%). Esta meta se plantea sobre la inflación de precios al consumidor, que se mide estadísticamente como la variación anual del índice de precios al consumidor (IPC).

Fiscal policies

The fiscal deficit of the central national government GNC- is one indicator that clearly illustrates and synthetic evolution of public finances.

Actually the goverment has made an effort for reducing the number of poor people, the goverment invests on different industrys for generating more employment and increasing the number of people that has a progress in their income.