ANALYSIS OF ECONOMIC GROWTH AND COMPETITIVENESS IN SANTANDER: CHALLENGES AND OPPORTUNITIES

Abstract

Economic growth and competitiveness are essential pillars for the prosperity of a region. In this context, Colombia faces significant challenges, ranking 64th in the global competitiveness ranking and showing GDP growth rates below 4% in recent years. This research aims to analyze the relationship between the competitiveness and economic growth indicators of Santander in the period 2013-2020. To do so, a non-experimental methodology of a longitudinal, transversal, descriptive and correlational nature is used, with a quantitative approach, using secondary data such as the departmental competitiveness index of the Private Competitiveness Council.

The statistical tools include the mean, standard deviation, minimum and maximum values, the Shapiro-Wilk normality test and Pearson and Spearman correlation coefficients as appropriate. The results show a slowdown in Santander's economic growth in recent years, although its GDP per capita exceeds the national average and that of departments such as Antioquia. In terms of competitiveness, Santander stands out compared to Antioquia in areas such as ICT, environment, secondary education and labor market. It is concluded that some competitiveness indicators, especially in public service, health, education, business, labor market, financial sector, domestic market, exports and innovation, are related to Santander's GDP. Keywords: Competitiveness, GDP