Colombia: Economy

Economic Trivia

Colombia has the largest coal reserves in Latin America.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): United States, China, and Mexico
Top 3 Exported Goods (2014): Oil & Mineral Fuels, Coffee & Spices, and Precious Stones & Metals

Top Industries Source: CIA World Factbook

Textiles; Food Processing; Oil; Clothing and Footwear

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $638,356,789,320 (2014)
GDP Growth Rate (annual %) 4.553% (2014)
GDP Per Capita, PPP (current international) $13,357 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 30/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 2.878% (2014)
External debt stocks, total (DOD, current US$) $91,978,384,000 (2013)
Total tax rate (% of commercial profits) 69.7% (2015)
Real Interest Rate (5 year average %) 8.879% (2014)
Manufacturing, value added (% of GDP) 12.235% (2014)
Current Account Balance (BoP, current US$) ($19,567,183,092) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 24,290,685 (2014)
Employment in Agriculture (% of total employment) 16.3% (2014)
Employment in Industry (% of total employment) 19.6% (2014)
Employment in Services (% of total employment) 64.1% (2014)
Unemployment Rate 10.1% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $80,979,387,855 (2014)
Exports of goods and services (current US$) $60,583,050,793 (2014)
Total Merchandise Trade (% of GDP) 31.457% (2014)
FDI, net inflows (BoP, current US$) $16,151,013,402 (2014)
Commercial Service Exports (current US$) $6,782,123,944 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Colombia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary