Source
Central bank

Bank of the Republic

International Reserves

US$ 46.669 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 388 billion (2014 estimate)

GDP (Purchasing Power Parity)

560 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
3.9% 5.3% 4.7% 6.7% 6.9% 3.5% 1.7% 4.0%
2011 2012 2013 2014*        
6.6% 4.2% 4.3% 4.5%        

*Estimate

GDP per capita - current prices

US$ 8,126 (2014 estimate)

GDP per capita - PPP

$11,730 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.61% 0.62% 0.55% 0.58% 0.61%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 6.6% 
  • industry: 37.8% 
  • services: 55.6% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2011 2012 2013 2014*
3.4% 3.2% 2.0% 1.9%

*Estimate

Unemployment rate
2011 2012 2013 2014*
10.8% 10.4% 9.7% 9.3%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
36.4% 35.2% 32.4% 31.8% 31.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-3.3% -2.0% 0.1% -1.0% -0.9%

*Estimate 

Government bond ratings

Standard & Poor's: BBB

Moody's rating: Baa2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$208.5 billion US$NA US$262.1 billion

*2010 Estimate     **2012 Estimate 

Largest companies in Colombia

Ecopetrol, Grupo Aval, Bancolombia, Banco Davivienda, Grupo Argos, Empresa de Energia de Bogota

 
 
Source
Current account balance

US$ -12.932 billion (2014 estimate)

Current account balance by percentage of GDP

-3.336% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

17.7% (2013)

(Data released on October 2014)

Shares in world total merchandising export

0.33% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.12% (2012)

(Data were released in March 2014)

Total exports

US$58.700 billion (2013 estimate) 

Export commodities

petroleum, coal, emeralds, coffee, nickel, cut flowers, bananas, apparel

Total imports

US$53.500 billion (2013 estimate) 

 
 
Source
Import commodities

industrial equipment, transportation equipment, consumer goods, chemicals, paper products, fuels, electricity

Exports - major partners

US 36.6%, China 5.5%, Spain 4.8%, Panama 4.7%, Venezuela 4.4%, Netherlands 4.1% (2012)

Imports - major partners

US 24.2%, China 16.3%, Mexico 10.9%, Brazil 4.8% (2012)

FDI inflows
2011 2012 2013
US$13,405 million US$15,529 million US$16,772 million
FDI outflows
2011 2012 2013  
US$8,304 million US$-606 million US$7,652 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$3,210 million US$5,085 million US$3,007 million US$6,406 million
Cross-border M&A; deals worth over $3 billion completed in 2012(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 43 out of 189 countries (2013)

Subcategories:

Starting a business: 79 out of 189 countries

Enforcing Contracts: 155 out of 189 countries

Registering Property: 53 out of 189 countries

Getting credit: 73 out of 189 countries

Protecting investors: 6 out of 189 countries

Trading across border: 94 out of 189 countries

Paying Taxes: 104 out of 189 countries

Dealing with Construction Permits: 24 out of 189 countries

Getting Electricity: 101 out of 189 countries

Resolving Insolvency: 25 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

66

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 34 Score: 70.7 (Mostly Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC-5

Total area

1,138,914 km2 (2006)

Capital

Bogota (2009)

Currency

Colombian pesos (COP) (2009)

Government type

republic; executive branch dominates government structure

Languages

Spanish (official) 

Religions

Roman Catholic 90%, other 10%

Total population

1990

2000 2010 2014* 2019**
34.125 million 40.282 million 45.512 million 47.711 million 50.61 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
45% 62% 72% 76%
Population median age

28.9 years (2014 est.)

Population growth rate

1.07% (2014 est.)

Life expectancy

75.25 years (2014 estimate)

Adult literacy

 93.6% (2011 estimate)

% of population living on less than $2 a day

12.0% (2012)

Inequality of wealth distribution (Gini index)

53.5 (2012)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 4 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 14.8%   Mobile 104.1%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

51.70% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Bogota 98th (2014)

CO2 emissions(Metric tons of CO2 per capita)

1.6 (2010)

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