Colombia Economic Statistics and Indicators
29, Jun 2016, 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 $16.8 billion in 2013, an increase of 7% over 2012. Inequality, poverty, and narcotrafficking remain significant challenges, and Colombia's infrastructure requires major improvements to sustain economic expansion.
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GDP (Constant Prices, National Currency) for Colombia in year 2014 is COP 516,649.41 Billion.
GDP (Current Prices, National Currency) for Colombia in year 2014 is COP 775,010.96 Billion.
GDP (Current Prices, US Dollars) for Colombia in year 2014 is US$ 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 .
Implied PPP Conversion Rate for Colombia in year 2014 is 1,208.06 .
Investment (% of GDP) for Colombia in year 2014 is 24.977 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Colombia in year 2014 is 116.691 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Colombia in year 2014 is 117.794 (Index, Base Year 2000 = 100).
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 total expenditure (National Currency) for Colombia in year 2014 is COP 229,217.92 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Colombia in year 2014 is COP -11,253.00 Billions.
General Government Structural Balance (National Currency) for Colombia in year 2014 is COP -9,567.92 Billion.
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.
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|Internet Penetration Rate for Colombia|
|Number of Facebook Accounts for Colombia|
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|Corruption Perceptions Index Rank and Score for Colombia|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International