Colombia: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| 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 (2018): United States, China, and Mexico |
| Top Industries Source: CIA World Factbook | Textiles; Food Processing; Oil; Clothing and Footwear |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $736,510,899,840 (2018) |
| GDP Growth Rate (annual %) | 2.569% (2018) |
| GDP Per Capita, PPP (current international) | $14,834 (2018) |
GDP Country Rank 31/196 (2018)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 3.525% (2019) |
| External debt stocks, total (DOD, current US$) | $134,939,836,623 (2018) |
| Total tax rate (% of commercial profits) | 71.2% (2019) |
| Real Interest Rate (5 year average %) | 8.146% (2018) |
| Manufacturing, value added (% of GDP) | 11.215% (2018) |
| Current Account Balance (BoP, current US$) | ($13,047,031,847) (2018) |
Labor and Employment [1]
| Labor Force, Total | 26,788,369 (2019) |
| Employment in Agriculture (% of total employment) | 16.613% (2019) |
| Employment in Industry (% of total employment) | 19.992% (2019) |
| Employment in Services (% of total employment) | 63.395% (2019) |
| Unemployment Rate | 9.707% (2019) |
Trade [1]
| Imports of goods and services (current US$) | $68,941,691,049 (2018) |
| Exports of goods and services (current US$) | $52,722,578,445 (2018) |
| Total Merchandise Trade (% of GDP) | 28.095% (2018) |
| FDI, net inflows (BoP, current US$) | $14,493,106,068 (2019) |
| Commercial Service Exports (current US$) | $9,480,347,231 (2018) |
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.