Colombia is a lower middle-income country coming under the Latin America and Caribbean region, according to the classification made by the World Bank on the basis of income and region FY2006.
Colombia is one of the free market economies of the world. More reserves of natural and energy resources have helped the economy to a larger extent for attaining economy development.
The Socio economic indicators of the country over the years are as follows:
Economic Indicators of Colombia Economy
Economic Indicators
2000
2003
2004
GNI, Atlas method (current US$)
86.8 billion
81.8 billion
90.9 billion
GNI per capita, Atlas method (current US$)
2,060.0
1,850.0
2,020.0
GDP (current US$)
83.8 billion
80.1 billion
97.7 billion
GDP growth (annual %)
2.9
4.1
4.1
Inflation, GDP deflator (annual %)
12.1
8.2
7.1
Colombia Economy and Social Indicators
Social Indicators
2000
2003
2004
Population, total
42.1 million
44.2 million
44.9 million
Population growth (annual %)
1.7
1.6
1.6
Life expectancy at birth, total (years)
71.6
72.4
72.6
Mortality rate, infant (per 1,000 live births)
20.0
..
17.5
Mortality rate, under-5 (per 1,000)
24.0
..
20.5
Births attended by skilled health staff (% of total)
86.4
..
..
Malnutrition prevalence, weight for age (% of children under 5)
6.7
..
..
Immunization, measles (% of children ages 12-23 months)
75.0
92.0
92.0
Primary completion rate, total (% of relevant age group)
91.2
87.5
94.3
School enrollment, primary (% gross)
112.4
110.3
111.3
School enrollment, secondary (% gross)
69.8
70.8
74.5
School enrollment, tertiary (% gross)
23.1
24.2
26.9
Ratio of girls to boys in primary and secondary education (%)
