Colombia

Economic Freedom Rating, 5-Yr Change - Colombia Compared to Continent

Footnote

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Suriname	14.79%
Chile	5.02%
Paraguay	3.95%
Ecuador	2.44%
Mexico	1.58%
Honduras	-0.28%
Peru	-1.70%
Guyana	-1.83%
Argentina	-2.07%
Uruguay	-2.52%
Guatemala	-2.93%
El Salvador	-3.22%
Costa Rica	-3.41%
Colombia	-3.53%
Nicaragua	-4.26%
Panama	-5.48%
Brazil	-11.80%
Bolivia	-17.18%
Venezuela	-18.00%

Colombia: Economic freedom index, 5-year change

Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a country’s score on the Heritage Foundation’s freedom index are calculated by the Global Property Guide to produce a 5-point rating:

• Greatly Improved
• Improved
• Nuetral
• Worse
• Much Worse

Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal

Colombia is one of the two countries in Latin America with house price statistics, which are to be found at the excellent Departamento Administrativo Nacional de Estadistica (DANE) site. The time-series are quarterly, from 1998. There are no rentals statistics.

Colombia has good general economics statistics, also at the DANE site. The central bank, the Banco de le República Colombiana, has a well-organized statistical section with time-series concentrating on financial sector indicators.