Economy of Colombia
Economy of Colombia
Currency
Colombian peso
Fiscal year
Calendar year
Trade
organisations
CAN and SACN
Statistics
GDP ranking
34
GDP (2008)
399.500 billion
GDP growth
8.4% (2006) (DANE)
GDP per capita
(2008)
8,400 (Current United
States dollars)
GDP by sector agriculture: 12%
industry: 35.2%
services: 52.7%
(2006 est.; CIA World
Factbook)
Inflation
7.74% (Nov 2008; Co-
lombia Central Bank)
Population be-
low poverty
line
13% (2006)
Labour force
20.81 million (2006;
CIA World Factbook)
Labour force
by occupation
agriculture: 22.7%
industry: 18.7%
services: 58.5%
(2000 est.; CIA World
Factbook)
Unemployment 11% (2006 est.: CIA
World Factbook)
Main
industries
textiles, drugs and nar-
cotics, food processing,
petrochemicals, air-
craft, electronics, cloth-
ing and footwear, auto-
mobilistic industry,
beverages, chemicals,
cement, gold, coal, em-
eralds (CIA World
Factbook)
Trade
Exports
$24.86 billion f.o.b.
(2006 est.; CIA World
Factbook)
Main partners US 35.4%, Venezuela
17.4%, Ecuador 4.3%
(2007; CIA World
Factbook)
Imports
$24.33 billion f.o.b.
(2006 est.; CIA World
Factbook)
Main Partners US 26.2%, People’s Re-
public of China 10.1%,
Mexico 9.3%, Brazil
7.3%, Venezuela 4.2%
(2007; CIA World
Factbook)
Public finances
Public debt
77.3% of GDP (2006
est.; CIA World
Factbook)
External debt
$66.21 billion (30 June
2006 est.; CIA World
Factbook)
Revenues
$23.7 billion (2005 est.;
CIA World Factbook)
Expenses
$62.29 billion; includ-
ing capital expenditures
of $NA (2005 est.; CIA
World Factbook)
Economic aid
$32 billion
Tourism in Riohacha,capital of the La Guajira
departament
Colombia is a free market economy with
major commercial and investment ties to the
United States. Transition from a highly
From Wikipedia, the free encyclopedia
Economy of Colombia
1
regulated economy has been underway for
more than a decade. In 1990, the administra-
tion of President Cesar Gaviria Trujillo
(1990-94)
initiated
economic
liberalism
policies or "apertura economica" and this has
continued since then, with tariff r