Colombia
In spite of the difficulties presented by serious internal armed conflict, Colombia’s economy grew steadily in the latter part of the twentieth century, with gross domestic product (GDP) increasing at an average rate of over 4% per year between 1970 and 1998. The country suffered a recession in 1999 (the first full year of negative growth since the Great Depression), and the recovery from that recession was long and painful. However, in recent years growth has been impressive, reaching 8.2% in 2007, one of the highest rates of growth in Latin America. Meanwhile the Colombian stock exchange climbed from 1,000 points at its creation in July 2001 to over 7,300 points by November 2008.
|
Demographic Data |
|
Economic Data |
|
Cultural & Other Data |
|
|
|
GDP (PPP, $bn) |
399.4 |
Capital |
Bogata |
|
|
Area (sq. km.) |
1,138,910 |
GDP Real Growth (%) |
3.5 |
Other Large Cities |
Medellín, Cali, Barranquilla, Cartagena |
|
Population (million) |
45.64 |
PerCap GDP ($) |
8,900 |
Primary Language |
Spanish |
|
Population Growth % |
1.377 |
Prime Lending Rate (%) |
15.6 |
Urban Population % |
74 |
|
% Population Under 15yrs |
25.6 |
Inflation Rate% |
7.7 |
Urban Growth % |
1.7 |
|
Population below poverty line (%) |
49.2 |
Unemployment% |
11.8 |
Literacy (% of population) |
90.4 |
|
Agricultural Workers (% of population) |
22 |
Foreign Direct Investment($bn) |
65.69 |
Education spending as % of GDP |
4.7 |
|
Industrial Workers (% of population) |
19 |
Debt-External ($bn) |
41.68 |
CPI Score (1-10)* |
3.8 |
|
Service Workers (% of population) |
59 |
Exports ($bn) |
41.08 |
Corporate Income Tax % |
33 |
|
Labor Force (mil) |
21.3 |
Imports ($bn) |
38.88 |
Ease of Doing Business Ranking ** |
53 |
CURRENCY EXCHANGE RATE
06/22/09 $1 = 2084 COP
Loading ...