Colombia's Duque Pushes For Growth After Dramatic Win
With the civil war over, Colombia can focus on growing its economy.
Colombia GDP and Economic Data
Country Report 2017 - Includes Colombia real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Colombia economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Colombia best banks and safest banks are also available.
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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 (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.62% | 0.63% | 0.55% | 0.56% | 0.6% |
*Estimate
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GDP - composition by sector
- agriculture: 6.9%
- industry: 34%
- services: 59.1%
(2016 estimate)
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
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)
Source
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.
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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)
Export commodities
Petroleum, coal, emeralds, coffee, nickel, cut flowers, bananas, apparel
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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
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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)
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Source
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 34.125 million | 40.296 million | 45.51 million | 48.75 million | 51.58 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 45% | 62% | 72% | 76% |
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)
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)