Colombia
| Total Population | 47,600,000 (est.) |
| Area | 1,038,700 km2 |
| Local Currency | Colombian Peso (COP) |
| Literacy | 92.5% |
| Economically active population | 22,276,800 |
| as % of total population | 46.8% |
| Unemployment rate | 12.4% (metropolitan areas - CEPAL statistic 2010) |
| Gross Domestic Product (GDP) | 333,200 US$ millions |
| as % of Regional GDP | 6.0% (Latin America GDP 2011 = US$ 5,567,705 millions) |
| GDP per Head | 7,000 US$ |
| Ranking in Latin America | 10 |
Important dates
- January 1 - New Year
- March 21 - San Jose's Day
- Holy Thursday and Holy Friday - Changes every year
- May 1st - Labour Day
- May 30 - Corpus Christi
- June 6 - Sacred Heart Day
- June 20 - Independence Day
- August 15 - Assumption Day
- October 12 - Race Day
- November 8 - Immaculate Conception
- November 11 - Cartagena Independence Day
- December 25 - Christmas Day
Economic Statistics
| (years 2008 - proj. 2012) |
| Colombia has a Gross Domestic Product of US$333,200MM. This is distributed by sectors in the following way: agriculture with 6.9%, having as main products coffee, cut flowers, bananas, rice; industry with 37.6%, having as main products textiles, food processing, oil, beverages; and the services sector with 55.5%. |
National Accounts
| National Accounts | 2008 | 2009 | 2010 | est. 2011 | proj. 2012 |
|---|---|---|---|---|---|
|
▲% GDP
|
3.5% | 1.7% | 4.0% | 5.9% | 5.1% |
|
Nominal GDP (US$ millions)
|
244,300 | 233,900 | 286,300 | 333,200 | 379,400 |
|
GDP per Head (US$)
|
5,346 | 5,052 | 6,104 | 7,000 | 7,871 |
|
GDP by Sector
|
100.0% | ||||
|
Agriculture
|
6.9% | ||||
|
Industry
|
37.6% | ||||
|
Services
|
55.5% | ||||
|
Inflation rate
|
7.7% | 2.0% | 3.2% | 3.7% | 3.2% |
|
Budget Balance
|
0.5% | -2.2% | -2.7% | -2.1% | -1.7% |
|
GDP Growth |
Trade Statistics
| Regarding foreign trade, US represents its main commercial partner buying 42.6% of Colombian exports, whereas the main export products are constituted by petroleum products. |
| Foreign Trade (2010) | |||||||
|---|---|---|---|---|---|---|---|
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Exports
|
Imports
|
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|
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|
By countries
|
By countries
|
||||||
|
US
|
42.6% |
US
|
25.9% | ||||
|
China
|
4.9% |
China
|
13.5% | ||||
|
Ecuador
|
4.6% |
Mexico
|
9.5% | ||||
|
Netherlands
|
4.1% |
Brazil
|
5.8% | ||||
|
|
|
||||||
|
By products
|
By products
|
||||||
|
Petroleum & products
|
49.1% |
Intermediate goods
|
38.7% | ||||
|
Coal
|
14.7% |
Capital goods
|
35.1% | ||||
|
Coffee
|
4.6% |
Consumer goods
|
20.3% | ||||
|
Nickel
|
1.5% |
|
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| Balance of Payments (US$ mill.) | 2008 | 2009 | 2010 | est. 2011 | proj. 2012 |
|---|---|---|---|---|---|
|
Exchange rate: COP / US$
(end of period) |
2,244.00 | 2,044.00 | 1,914.00 | 1,943.00 | 1,767.00 |
|
|
|||||
|
Exports of goods
|
37,096 | 32,563 | 39,546 | 56,217 | 62,951 |
|
Imports of goods
|
36,320 | 30,510 | 37,508 | 50,729 | 57,248 |
|
Trade & Services Balance
|
-2,100 | -276 | -1,385 | 894 | 1,282 |
|
% GDP
|
-0.9% | -0.1% | -0.5% | 0.3% | 0.3% |
|
Income Balance
|
-10,110 | -9,297 | -11,849 | -15,822 | -15,261 |
|
% GDP
|
-4.1% | -4.0% | -4.1% | -4.7% | -4.0% |
|
Current Transfers Balance
|
5,511 | 4,613 | 4,474 | 4,948 | 5,664 |
|
% GDP
|
2.3% | 2.0% | 1.6% | 1.5% | 1.5% |
|
Current Account Balance
|
-6,699 | -4,960 | -8,760 | -9,980 | -8,315 |
|
% GDP
|
-2.7% | -2.1% | -3.1% | -3.0% | -2.2% |
|
Net Direct Investments flows
|
8,342 | 4,049 | 352 | 10,233 | 12,815 |
|
% GDP
|
3.4% | 1.7% | 0.1% | 3.1% | 3.4% |
|
Net portfolio Investments flows
|
-1,007 | -4,902 | 225 | 1,732 | 2,039 |
|
% GDP
|
-0.4% | -2.1% | 0.1% | 0.5% | 0.5% |
Current Account Balance (% GDP) |
Foreign Debt Stock (% GDP) |
| 2008 | 2009 | 2010 | est. 2011 | proj. 2012 | |
|---|---|---|---|---|---|
|
Foreign Debt Stock
|
46,428 | 52,120 | 63,064 | 68,759 | 71,671 |
|
% GDP
|
19.0% | 22.3% | 22.0% | 20.6% | 18.9% |
|
|
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|
Foreign Debt Service
|
7,405 | 8,827 | 9,780 | 12,142 | 13,214 |
|
Principal repayments
|
4,377 | 5,915 | 6,553 | 8,897 | 9,839 |
|
Interest payments
|
3,028 | 2,912 | 3,227 | 3,245 | 3,375 |
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