Colombia is the fourth-largest economy in Latin America in terms of nominal GDP, and the third largest country in the region by population, with 48.7mn people as of December 2016. Over the period 2011-2016, the trade sector performed well, with its gross value added (GVA) expanding at a CAGR of 3.5%, slightly below average GDP growth over the same period (3.7%) and reaching a share of 7.7% of the country’s GDP in 2016. Trade activity remains concentrated in supermarkets, which accounted for 47.3% of total retail sales in 2016, followed by specialised stores (34.6%), shopping centres (16.9%), and online retail (1.3%), according to EMIS Insights estimates. In line with global trends, online retail was the fastest-growing channel over the years 2011-2016, achieving a four-fold expansion of its sales in real terms during that period.

01 EXECUTIVE SUMMARY

02 SECTOR IN FOCUS

03 COMPETITIVE LANDSCAPE

04 COMPANIES IN FOCUS

05 REGULATORY ENVIRONMENT

06 SUPERMARKETS

07 SPECIALISED STORES

08 SHOPPING CENTRES

09 ONLINE RETAIL