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: United States, China, and Mexico
Top 3 Exported Goods: Oil & Mineral Fuels, Oil & Mineral Fuels, and Oil & Mineral Fuels

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) $638,356,620,020 (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$) $91,978,384,000 (2013)
Total tax rate (% of commercial profits) 75.4% (2014)
Real Interest Rate (5 year average %) 8.879% (2014)
Manufacturing, value added (% of GDP) 12.995% (2014)
Current Account Balance (BoP, current US$) ($19,780,492,896) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 23,900,105 (2013)
Employment in Agriculture (% of total employment) 16.9% (2012)
Employment in Industry (% of total employment) 20.9% (2012)
Employment in Services (% of total employment) 62.2% (2012)
Unemployment Rate 10.5% (2013)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $81,186,203,686 (2014)
Exports of goods and services (current US$) $60,583,050,793 (2014)
Total Merchandise Trade (% of GDP) 31.465% (2014)
FDI, net inflows (BoP, current US$) $16,053,845,090 (2014)
Commercial Service Exports (current US$) $6,869,236,264 (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