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Currency exchange
07-Sep-2010

1,794.17 = 1US$


 

CAMARA DE COMERCIO COLOMBO CENTROAMERICANA Y DE EL CARIBE




Asoc. Latinoamericana de Integración

Untitled Document

General Information

Total Population 46,300,000 (est.)
Area 1,038,700 km2
Local Currency Colombian Peso (COP)
Literacy 92.5%
Economically active population 21,668,400
as % of total population 46.8%
Unemployment rate 11.5% (metropolitan areas - CEPAL statistic 2008)
   
Gross Domestic Product (GDP) 236,400 US$ millions
as % of Regional GDP 6.0% (Latin America GDP 2008 = US$ 3,928,300 millions)
GDP per Head 5,106 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
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Economic Statistics
(years 2006 - proj. 2010)
Colombia has a Gross Domestic Product of US$236,400MM. This is distributed by sectors in the following way: agriculture with 9.3%, having as main products coffee, cut flowers, bananas, rice; industry with 37.9%, having as main products textiles, food processing, oil, beverages; and the services sector with 52.8%.
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National Accounts
National Accounts 2006 2007 2008 est. 2009 proj. 2010
▲% GDP 6.9% 7.5% 2.4% 0.4% 2.5%
Nominal GDP (US$ millions) 162,500 207,800 243,400 236,400 278,100
GDP per Head (US$) 3,660 4,618 5,326 5,106 5,930
GDP by Sector     100.0%    
Agriculture     9.3%    
Industry     37.9%    
Services     52.8%    
Inflation rate 4.5% 5.7% 7.7% 2.0% 4.4%
Budget Balance -0.4% -0.4% 0.5% -2.7% -3.8%

GPD Growth

 

GDP Growth
 
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Trade Statistics
Regarding foreign trade, US represents its main commercial partner buying 38.0% of Colombian exports, whereas the main export products are constituted by petroleum products. .


Foreign Trade (2008) See other countries
Exports Imports
By countries By countries
US 38.0% US 29.2%
Venezuela 16.2% China 11.5%
Ecuador 4.0% Mexico 7.9%
Switzerland 2.5% Brazil 5.9%
By products By products
Petroleum & products 32.5% Intermediate goods 44.6%
Coal 13.4% Capital goods 36.3%
Coffee 5.0% Consumer goods 19.1%
Nickel 2.3%


Balance of Payments (US$ mill.) 2006 2007 2008 est. 2009 proj. 2010
 
Exchange rate: COP / US$
(end of period)
2,239.00 2,015.00 2,244.00 2,044.00 1,995.00
 
Exports of goods 25,181 30,576 38,532 33,646 38,822
Imports of goods 24,858 31,174 37,556 31,133 36,018
Trade & Services Balance -1,796 -3,205 -2,074 -206 474
% GDP -1.1% -1.5% -0.9% -0.1% 0.2%
Income Balance -5,934 -7,852 -10,285 -8,806 -10,347
% GDP -3.7% -3.8% -4.2% -3.7% -3.7%
Current Transfers Balance 4,742 5,229 5,511 4,433 5,549
% GDP 2.9% 2.5% 2.3% 1.9% 2.0%
Current Account Balance -2,988 -5,828 -6,848 -4,579 -4,324
% GDP -1.8% -2.8% -2.8% -1.9% -1.6%
Net Direct Investments flows 5,558 8,136 8,329 7,000 6,600
% GDP 3.4% 3.9% 3.4% 3.0% 2.4%
Net Portfolio Investmentes flows -3,417 681 -260 -3,413 -211
% GDP -2.1% 0.3% -0.1% -1.4% -0.1%



 


 


2006 2007 2008 est. 2009 proj. 2010
Foreign Debt Stock 38,937 44,976 45,786 49,953 50,913
% GDP 24.0% 21.6% 18.8% 21.1% 18.3%
     
Foreign Debt Service 9,340 7,911 8,762 9,715 10,215
Principal repayments 6,705 4,832 5,910 6,822 7,337
Interest payments 2,635 3,079 2,852 2,893 2,878
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