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 (2016): United States, China, and Mexico
Top 3 Exported Goods (2016): 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) [1]

GDP, PPP (current international) $714,003,249,549 (2017)
GDP Growth Rate (annual %) 1.768% (2017)
GDP Per Capita, PPP (current international) $14,552 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 30/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 7.517% (2016)
External debt stocks, total (DOD, current US$) $120,282,048,000 (2016)
Total tax rate (% of commercial profits) 69.7% (2017)
Real Interest Rate (5 year average %) 8.457% (2017)
Manufacturing, value added (% of GDP) 11.249% (2017)
Current Account Balance (BoP, current US$) ($10,359,169,948) (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 26,421,385 (2017)
Employment in Agriculture (% of total employment) 16.141% (2017)
Employment in Industry (% of total employment) 19.353% (2017)
Employment in Services (% of total employment) 64.506% (2017)
Unemployment Rate 8.85% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $62,106,969,223 (2017)
Exports of goods and services (current US$) $45,671,652,694 (2017)
Total Merchandise Trade (% of GDP) 27.128% (2017)
FDI, net inflows (BoP, current US$) $14,518,046,033 (2017)
Commercial Service Exports (current US$) $8,170,483,122 (2017)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank