Colombia Economic Statistics and Indicators

02, Sep 2015, EDT. Welcome to the Colombia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Colombia › Change country
National or Regional Currency: Colombian Peso, COP
Year of data: 2014 › Change year
Number of Indicators Listed: 39
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 46,245,297 (July 2014 est.)
Area: total: 1,138,910 sq km ; land: 1,038,700 sq km ; water: 100,210 sq km ; note: includes Isla de Malpelo, Roncador Cay, and Serrana Bank
Natural Resources: petroleum, natural gas, coal, iron ore, nickel, gold, copper, emeralds, hydropower
Capital: name: Bogota ; geographic coordinates: 4 36 N, 74 05 W ; time difference: UTC-5 (same time as Washington, DC, during Standard Time)

Colombia's consistently sound economic policies and aggressive promotion of free trade agreements in recent years have bolstered its ability to weather external shocks. Real GDP has grown more than 4% per year for the past three years, continuing almost a decade of strong economic performance. All three major ratings agencies have upgraded Colombia's government debt to investment grade. Nevertheless, Colombia depends heavily on energy and mining exports, making it vulnerable to a drop in commodity prices. Colombia is the world's fourth largest coal exporter and Latin America’s fourth largest oil producer. Economic development is stymied by inadequate infrastructure and an uncertain security situation. Moreover, the unemployment rate of 9.7% in 2013 is still one of Latin America's highest. The SANTOS Administration's foreign policy has focused on bolstering Colombia's commercial ties and boosting investment at home. Colombia has signed or is negotiating Free Trade Agreements (FTA) with more than a dozen countries; the US-Colombia FTA went into force on May 2012. Colombia is also a founding member of the Pacific Alliance - a regional grouping formed in 2012 by Chile, Colombia, Mexico, and Peru to promote regional trade and economic integration. In 2013, Colombia began its ascension process to the OECD. The annual level of foreign direct investment - notably in the oil and gas sectors - reached a record high of $16.8 billion in 2013, an increase of 7% over 2012. Inequality, poverty, and narcotrafficking remain significant challenges, and Colombia's infrastructure requires major improvements to sustain economic expansion.
More on the Colombia Economy
More on the Colombia Export, Import and Trade

Economic Indicator Listing
  For Colombia in year 2014 Indicator Value
GDP Growth (Constant Prices, National Currency) 4.811 %
GDP (Current Prices, National Currency)COP 775,010.96 Billion.
GDP (Current Prices, US Dollars)US$ 400.117 Billion
GDP Deflator 150.007 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)COP 10,838,896.60 .
GDP Per Capita (Current Prices, National Currency)COP 16,259,117.82 .
GDP Per Capita (Current Prices, US Dollars)US$ 8,394.13
GDP (PPP), US DollarsUS$ 641.532 Billion
GDP Per Capita (PPP), US DollarsUS$ 13,458.84
GDP Share of World Total (PPP) 0.6 %
Implied PPP Conversion Rate 1,208.06
Investment (% of GDP) 24.977 %
Gross National Savings (% of GDP) 21.126 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 116.691 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 2.843 %
Inflation, End of Year (Indexed to Year 2000) 117.794 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 3.346 %
Import Volume of All Items Including Goods and Services (Percent Change) 6.538 %
Import Volumes of Goods Only (Percent Change) 7.264 %
Export Volume of All Items Including Goods and Services (Percent Change) 3.235 %
Export Volumes of Goods Only (Percent Change) 3.235 %
Unemployment Rate (% of Labour Force) 9.3 %
Population 47.666 Million
General government revenue (National Currency)COP 217,964.92 Billions.
General government revenue (% of GDP) 28.124 %
General government total expenditure (National Currency)COP 229,217.92 Billions.
General government total expenditure (% of GDP) 29.576 %
Total Government Net Lending/ Borrowing (National Currency)COP -11,253.00 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -1.452 %
General Government Structural Balance (National Currency)COP -9,567.92 Billion.
General Government Structural Balance (% Potential GDP) -1.237 %
Fiscal Year Gross Domestic Product, Current PricesCOP 775,010.96 Billions.
Current Account Balance (US Dollars)US$ -15.41 Billion
Current Account Balance (% GDP) -3.851 %
Economic Indicators for Colombia 2014

GDP (Constant Prices, National Currency) for Colombia in year 2014 is COP 516,649.41 Billion.

GDP Growth (Constant Prices, National Currency) for Colombia in year 2014 is 4.811 %.

GDP (Current Prices, National Currency) for Colombia in year 2014 is COP 775,010.96 Billion.

GDP (Current Prices, US Dollars) for Colombia in year 2014 is US$ 400.117 Billion.

GDP Deflator for Colombia in year 2014 is 150.007 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Colombia in year 2014 is COP 10,838,896.60 .

GDP Per Capita (Current Prices, National Currency) for Colombia in year 2014 is COP 16,259,117.82 .

GDP Per Capita (Current Prices, US Dollars) for Colombia in year 2014 is US$ 8,394.13 .

GDP (PPP), US Dollars for Colombia in year 2014 is US$ 641.532 Billion.

GDP Per Capita (PPP), US Dollars for Colombia in year 2014 is US$ 13,458.84 .

GDP Share of World Total (PPP) for Colombia in year 2014 is 0.6 %.

Implied PPP Conversion Rate for Colombia in year 2014 is 1,208.06 .

Investment (% of GDP) for Colombia in year 2014 is 24.977 %.

Gross National Savings (% of GDP) for Colombia in year 2014 is 21.126 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Colombia in year 2014 is 116.691 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Colombia in year 2014 is 2.843 %.

Inflation, End of Year (Indexed to Year 2000) for Colombia in year 2014 is 117.794 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Colombia in year 2014 is 3.346 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Colombia in year 2014 is 6.538 %.

Import Volumes of Goods Only (Percent Change) for Colombia in year 2014 is 7.264 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Colombia in year 2014 is 3.235 %.

Export Volumes of Goods Only (Percent Change) for Colombia in year 2014 is 3.235 %.

Unemployment Rate (% of Labour Force) for Colombia in year 2014 is 9.3 %.

Population for Colombia in year 2014 is 47.666 Million .

General government revenue (National Currency) for Colombia in year 2014 is COP 217,964.92 Billions.

General government revenue (% of GDP) for Colombia in year 2014 is 28.124 %.

General government total expenditure (National Currency) for Colombia in year 2014 is COP 229,217.92 Billions.

General government total expenditure (% of GDP) for Colombia in year 2014 is 29.576 %.

Total Government Net Lending/ Borrowing (National Currency) for Colombia in year 2014 is COP -11,253.00 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Colombia in year 2014 is -1.452 %.

General Government Structural Balance (National Currency) for Colombia in year 2014 is COP -9,567.92 Billion.

General Government Structural Balance (% Potential GDP) for Colombia in year 2014 is -1.237 %.

Fiscal Year Gross Domestic Product, Current Prices for Colombia in year 2014 is COP 775,010.96 Billions.

Current Account Balance (US Dollars) for Colombia in year 2014 is US$ -15.41 Billion.

Current Account Balance (% GDP) for Colombia in year 2014 is -3.851 %.

* Source: IMF
Aggregate Indicators for Colombia
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Colombia
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Colombia
  Natural Resources, Agricultural Products, Land Use and Water Use for Colombia
  Nationality, Ethnic Groups, Languages and Religions for Colombia
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Colombia
  Age Structure, Median Age, Gender and Urbanization for Colombia
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Colombia
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Colombia
  HIV, AIDS and Other Major Infectious Disease Rates for Colombia
  Literacy Rate, Educational Expenditure and School Life Expectancy for Colombia
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Colombia
  Industries and Industrial Growth Production Rate for Colombia
  Labor Force by Occupation for Colombia
  Poverty Line, Gini Index, Household Income and Consumption for Colombia
  National Budget and Public Debt for Colombia
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Colombia
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Colombia
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Colombia
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Colombia
  Foreign Exchange Reserves and Gold Reserves for Colombia
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Colombia
  Exchange Rate Statistics for Colombia
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Colombia
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Colombia
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Colombia
  Television and Radio Statistics (TV Stats, Radio Stats) for Colombia
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Colombia
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Colombia
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Colombia
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Colombia
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Colombia
* Source: CIA
Internet Indicators for Colombia
Indicators
  Number of Internet Users for Colombia
  Internet Penetration Rate for Colombia
  Number of Facebook Accounts for Colombia
  Facebook Penetration Rate for Colombia
* Source: IWS
Economic Freedom Indicators for Colombia
Indicators
  Economic Freedom World Rank for Colombia
  Economic Freedom Regional Ranking for Colombia
  Business Freedom for Colombia
  Trade Freedom for Colombia
  Fiscal Freedom for Colombia
  Government Spending for Colombia
  Monetary Freedom for Colombia
  Investment Freedom for Colombia
  Financial Freedom for Colombia
  Property Rights for Colombia
  Freedom from Corruption for Colombia
  Labor Freedom for Colombia
  Tariff Rate for Colombia
  Income Tax Rate for Colombia
  Corporate Tax Rate for Colombia
  Tax Burden % of GDP for Colombia
  Government Expenditure % of GDP for Colombia
* Source: HFO
Corruption Perceptions Index Rank and Score for Colombia
Indicator
  Corruption Perceptions Index Rank and Score for Colombia
* Source: TIO
Colombia Economic Indicators in other Years
  Colombia Economic Indicators for Year 2019 (Forecast)
  Colombia Economic Indicators for Year 2018 (Forecast)
  Colombia Economic Indicators for Year 2017 (Forecast)
  Colombia Economic Indicators for Year 2016 (Forecast)
  Colombia Economic Indicators for Year 2015 (Forecast)
Colombia Economic Indicators for Year 2014 (Current)
  Colombia Economic Indicators for Year 2013
  Colombia Economic Indicators for Year 2012
  Colombia Economic Indicators for Year 2011
  Colombia Economic Indicators for Year 2010
  Colombia Economic Indicators for Year 2009
  Colombia Economic Indicators for Year 2008
  Colombia Economic Indicators for Year 2007
  Colombia Economic Indicators for Year 2006
  Colombia Economic Indicators for Year 2005
  Colombia Economic Indicators for Year 2004
  Colombia Economic Indicators for Year 2003
  Colombia Economic Indicators for Year 2002
  Colombia Economic Indicators for Year 2001
  Colombia Economic Indicators for Year 2000
  Colombia Economic Indicators for Year 1999
  Colombia Economic Indicators for Year 1998
  Colombia Economic Indicators for Year 1997
  Colombia Economic Indicators for Year 1996
  Colombia Economic Indicators for Year 1995
  Colombia Economic Indicators for Year 1994
  Colombia Economic Indicators for Year 1993
  Colombia Economic Indicators for Year 1992
  Colombia Economic Indicators for Year 1991
  Colombia Economic Indicators for Year 1990
  Colombia Economic Indicators for Year 1989
  Colombia Economic Indicators for Year 1988
  Colombia Economic Indicators for Year 1987
  Colombia Economic Indicators for Year 1986
  Colombia Economic Indicators for Year 1985
  Colombia Economic Indicators for Year 1984
  Colombia Economic Indicators for Year 1983
  Colombia Economic Indicators for Year 1982
  Colombia Economic Indicators for Year 1981
  Colombia Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International