Source
Central bank

Bank of the Republic, Colombia

International Reserves

USD 46.1 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 301.0 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 724.2 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
6.7% 6.9% 3.6% 1.7% 4% 6.6% 4%
2013 2014 2015 2016* 2017*    
4.9% 4.4% 3.1% 2.2% 2.7%    

*Estimate

GDP per capita - current prices

USD 6,104.8 (2017, estimate)

GDP per capita - PPP

Intl$ 14,688.0 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.62% 0.63% 0.55% 0.56% 0.6%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 6.9% 
  • industry: 34% 
  • services: 59.1%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2013 2014 2015 2016* 2017*
2.0% 2.9% 5.0% 7.6% 4.1%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
9.7% 9.1% 8.9% 9.7% 9.6%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
37.8% 44.2% 50.6% 47.5% 47%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-0.9% -1.8% -3.5% -2.9% -2.1%

*Estimate

Government bond ratings

Standard & Poor's: BBB

Moody's: Baa2

Standard & Poor's / Moody's (Updated as of January 24th 2017)

Market value of publicly traded shares
2013 2014 2015
USD 202.7 billion USD 146.7 billion USD 86 billion
Largest companies

Grupo Aval, Ecopetrol, Bancolombia, Sociedades Bolivar, Banco Davivienda.

 
 
Source
Current account balance

USD -12.6 billion (2017 estimate)

Current account balance by percentage of GDP

-4.2% (2017 estimate)

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

14.7% (2015)

Shares in world total merchandising export

0.2% (2015)

Shares in world total commercial services export

0.2% (2015)

Total exports

USD 33.6 billion (2016 estimate)

Export commodities

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

Total imports

USD 47.2 billion (2016 estimate)

 
 
Source
Import commodities

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

Exports - major partners

US 27.5%, Panama 7.2%, China 5.2%, Spain 4.4%, Ecuador 4% (2015)

Imports - major partners

US 28.8%, China 18.6%, Mexico 7.1%, Germany 4.2% (2015)

FDI inflows
2013 2014 2015
USD 16,209 million USD 16,325 million USD 12,108 million
FDI outflows
2013 2014 2015
USD 7,652 million USD 3,899 million USD 4,218 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 3007.2 million USD 6540.3 million USD 1629.3 million USD 1649.6 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

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

Overall ranking: 53 out of 190 countries (2016)

Subcategories:

Starting a business: 61 out of 190 countries

Enforcing Contracts: 174 out of 190 countries

Registering Property: 53 out of 190 countries

Getting credit: 2 out of 190 countries

Protecting investors: 13 out of 190 countries

Trading across border: 121 out of 190 countries

Paying Taxes: 139 out of 190 countries

Dealing with Construction Permits: 34 out of 190 countries

Getting Electricity: 74 out of 190 countries

Resolving Insolvency: 33 out of 190 countries

Global competitiveness ranking

61 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 33 / Score: 70.79 (Mostly free) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC-5

Total area

1,138,910 sq km

Capital

Bogota

Currency

Colombian pesos (COP)

Government type

Presidential republic

Languages

Spanish (official)

Religions

Roman Catholic 90%, other 10%

Total population
1990 2000 2010 2016* 2021*
34.125 million 40.296 million 45.51 million 48.75 million 51.58 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
45% 62% 72% 76%
Population median age

29.6 years (2016 estimate)

Population growth rate

1.02% (2016 estimate)

Life expectancy

75.7 years (2016 estimate)

Literacy

Total population: 94.7%
Male: 94.6%
Female: 94.8% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

5% (2014)

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2017)

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

Source
Total telephone subscribers as % of population

Fixed 14.35%   Mobile 115.74% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

55.9% (2015)

Mercer Cost of living index

Bogota: 190th (2016)

CO2 emissions

1.9 (2013)

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